New York online casino bill introduced
Thursday 03 de March 2022 / 07:11
⏱ 1 min read
(New York).- New York kicked off online sports betting this year, and now there’s a proposal on the table to legalize online casinos.
Under the proposal, Senate Bill 8412, from State Sen. Joseph Addabbo, each casino in the state could have two online casino partners or skins. A license to operate would cost $10 million annually, and New York would get 25% of the industry’s winnings.
Neighboring New Jersey is home to the largest online casino gambling market in the nation, with platforms there winning $1,366,891,492 from online gamblers in 2021. New York could see much more thanks to a population of about 19.5 million compared to the Garden State’s roughly 8.9 million. New York operators would likely be well north of $2 billion in winnings off players.
The projections for New York could be lofty, as online sports betting in January saw about $1.6 billion in wagers, with operators holding about $124 million. New York is the largest state sports betting market in the U.S., a feat accomplished in the first month.
“New York quickly became the leading mobile sports betting market in the nation, generating nearly $70 million in tax revenue in a single month,” Addabbo said, according to The Center Square. “Similarly, if authorized, New York would quickly become the national leader in online casino gaming, generating hundreds of millions of dollars in tax revenue annually for the state as it continues to recover from the economic downturn caused by the COVID-19 pandemic.”
New York’s 2022 legislative session ends in early June.
By Joe Mattia
Categoría:Online Games
Tags: Sin tags
País: United States
Event
PERU GAMING SHOW – PGS 2026
17 de June 2026
LSports at the Peru Gaming Show: Building Presence, Opening Doors
(Lima, SoloAzar Exclusive).- The Peru Gaming Show was never just about the booth. For LSports, it was about showing up in a market where showing up still matters — and leaving with more than a contact list. Federico Brancato, Sales Manager for the LATAM Region, came to Lima with a clear sense of what operators in this part of Latin America need most right now. What he found confirmed it.
Friday 17 Jul 2026 / 12:00
Martin Ivanov: "Latin America remains one of CT Interactive's key strategic regions"
(Lima, SoloAzar Exclusive).- CT Interactive Chief Operating Officer Martin Ivanov reflects on the company's experience at the Peru Gaming Show, highlights the opportunities emerging in the Peruvian market, and outlines the company's strategic priorities for expanding across Latin America.
Thursday 16 Jul 2026 / 12:00
Regulation and the Black Market in Latin America: Challenges and Solutions
(Lima, SoloAzar Exclusive).– As part of the Peru Gaming Show (PGS) 2026 conferences, gaming industry leaders analyzed one of the main challenges currently facing regulated markets in Latin America: the growth of illegal gambling. The panel "Regulation and the Black Market: Challenges and Solutions" brought together Carlos Fonseca, CEO of Gaming Law, as moderator; Neil Montgomery, founding partner of Montgomery & Associados; Tatiana Vásquez, founding partner of Vázquez Asociados; Karen Sierra Hughes, Vice President for Latin America, the Caribbean, and Spain at GLI; and Vanessa Cabrera, Director of the Control and Sanction Directorate of the DGJCMT-MINCETUR, who debated the causes of the black market, the available regulatory tools, and strategies to strengthen channeling toward legal gaming in the region.
Wednesday 15 Jul 2026 / 12:00
SUSCRIBIRSE
Para suscribirse a nuestro newsletter, complete sus datos
Reciba todo el contenido más reciente en su correo electrónico varias veces al mes.
