Tag: New York online casino
New York Online Gambling Bill Proposed
The man responsible for sports betting in his state is back at work. Senator Joseph Addabbo has rolled out a New York online gambling bill that would regulate web based casino games, including slot machines. The bill also has provisions for live dealer and table games, as well as for online poker. In true New York fashion, however, Addabbo’s bill proposes a tax rate of over 30% to be imposed on operators. That’s about twice as much as the usual 15% in other states that have regulated internet casino games. But before we get ahead of ourselves, this bill has…
New York Online Gambling Dead for 2022
If you were hoping for New York online gambling or poker this year, we have some bad news for you. State legislators could not get a deal done in regard to a measure being pushed by State Senator Joseph Addabbo, who also pushed sports betting reforms there. Since regulating mobile and online sports bets, the state has set revenue records in America. Despite this, the current legislative session will end on June 2nd with nothing accomplished for web based casino games. Addabbo’s bill didn’t see much support after clearing committee. Of course, those who remember the struggles of sports betting…
New York Online Gambling Expansion Bill
Just two months after the record breaking launch of mobile sports betting, the expansion of New York online gambling into casino games is being proposed in new legislation. Well, that didn’t take long did it?! The political force behind the bill which regulated mobile sports bets, State Senator Joseph Addabbo, is now pushing a new bill seeking to do the same for online casinos.However, unlike the somewhat absurd tax rate of 51% imposed on mobile sports books, web based casinos would only be taxed at 25%. Addabbo’s Senate Bill 8412 specifically seeks to “authorize online interactive gaming” and collect a…