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

This bill aims to prevent mobile sports wagering companies and their parent or subsidiary companies from receiving tax credits through the Excelsior Jobs Program. The Excelsior Jobs Program is designed to encourage job creation and economic development in New York. By excluding these operators, the bill seeks to limit financial incentives for the sports betting industry.

Supporters of the bill argue that it ensures taxpayer money is not funneled to an industry that may already be profitable. They believe that prioritizing job creation in other sectors is essential for a balanced economic recovery in New York. This measure is seen as a way to promote fairness in the distribution of state resources.

Critics of the bill contend that it could stifle growth in the mobile sports wagering industry, which has the potential to create jobs and generate significant tax revenue for the state. They argue that excluding these operators from the Excelsior Jobs Program may hinder competition and innovation in the market. Additionally, some believe it sends a negative message to businesses looking to invest in New York.