New York Senate Bill S10259

New York 2025-2026 Regular Session

• Introduced: 5/8/26
• Refer: 5/8/26

Caption

Prohibits mobile sports wagering operators, including parent companies or subsidiaries thereof, from being eligible to receive the excelsior jobs program credit.

Summary

This bill amends the Economic Development Law to make mobile sports wagering operators ineligible for the Excelsior Jobs Program tax credit. It also extends that ineligibility to any parent company or subsidiary of such an operator. The measure adds mobile sports wagering operators to the list of business categories that cannot receive the credit under the program. The Excelsior Jobs Program is a state economic development incentive, and this bill would narrow eligibility by expressly excluding the mobile sports betting industry from receiving that tax benefit. The bill does not change the structure of the program generally, but it would affect companies engaged in online/mobile sports wagering and their corporate affiliates by denying access to a state tax credit that can be used to support job creation and investment.

Impact

If enacted, the bill would amend section 353 of the Economic Development Law to add mobile sports wagering operators to the list of entities barred from receiving the Excelsior Jobs Program credit. This would affect both the operators themselves and any parent or subsidiary companies, limiting their ability to claim a state economic development tax incentive. The bill takes effect immediately and would apply prospectively to eligibility for the credit under the program.

Sentiment

No committee transcript or vote record is provided, so there is no recorded debate or roll-call sentiment in the available materials. Based on the bill text and caption, the measure appears targeted and restrictive rather than expansive, reflecting a policy choice to withhold economic development subsidies from the mobile sports wagering industry. The available context does not show formal support or opposition, but the bill’s purpose suggests concern about whether this industry should receive public tax incentives.

Contention

The main point of contention is likely whether mobile sports wagering operators should be treated like other businesses eligible for economic development incentives or excluded because of the nature of their business. Supporters would likely argue that state tax credits should not subsidize gambling-related operators, while opponents could argue that these companies still create jobs and investment and should be eligible like other private employers. The bill also reaches parent companies and subsidiaries, which could be contentious for larger corporate groups with mixed business lines.