A new bill has been introduced in New York by Senator Joseph Addabbo Jr. to legalize online poker.
The bill, known as S9226, proposes issuing up to ten licenses for interactive poker, each priced at $10 million. This move is part of ongoing efforts to regulate online gaming in the state.
Senator Addabbo, a strong advocate for regulated online poker in New York, introduced the bill on Tuesday, May 7th. The aim is to create a framework for legal online poker operations, providing opportunities for licensed operators while generating revenue through taxes.
The bill specifically focuses on online poker and does not include other forms of gaming like online casinos or lotteries. It sets a tax rate of 15% for online poker operators, aiming to strike a balance between promoting the industry and ensuring responsible gaming practices.
While Senator Addabbo's previous attempts to introduce online gaming bills faced challenges, he remains determined to move forward with online poker legislation.
The bill emphasizes poker as a game of skill and seeks to amend existing laws related to gaming and wagering.
This initiative aligns with the growing popularity of mobile sports betting in New York, indicating a positive environment for expanding gaming options. However, the bill's success depends on legislative support and approval, including considerations from Governor Kathy Hochul's office.
If passed, the bill could pave the way for a regulated online poker market in New York, providing new opportunities for players and operators while contributing to the state's revenue through taxes.