Fantasy Aces Daily Fantasy Sports Corp FASDF

RE:The New York legislature passed a bill

[lscfa]

I think the operator tax is manageable.....DFS operators like DraftKings, FanDuel and FAS will simply lower the prize payouts to reflect the taxes....hope a similar model is adopted in other states.....

Operator taxes

Registered sites in the state must pay a 15 percent tax on gross revenues derived from New York players, plus an additional tax of 0.5 percent of revenues, with a $50,000 annual cap.

The revenue goes to the state’s lottery fund, which is used to fund public education.