Bill > S06059

This bill amends the New York tax law to increase the tax rate on ticket sales for professional and amateur boxing, sparring, wrestling matches, and other authorized combative sports events from three percent to eight and one-half percent. The bill expands the taxable gross receipts to explicitly include digital streaming over the internet in addition to ticket and broadcasting rights sales. The tax will continue to have a maximum cap of fifty thousand dollars per match or exhibition. The new tax rate applies to both professional and amateur events, as well as other authorized combative sports beyond traditional boxing and wrestling. The legislation is designed to create tax parity across different types of combative sports events and broaden the definition of taxable revenue streams. The bill will take effect immediately and apply to taxes imposed on and after its effective date, potentially increasing state tax revenue from these sporting events.

Budget and Finance

https://www.nysenate.gov/legislation/bills/2025/S6059