The online casino industry is expanding into new regions and potentially into New York as well. In 2024, there have been brand partnerships, new game releases, and new casinos entering the market. The legalisation of gaming in various regions has also been a significant development.
Senator Joseph Addabbo has proposed a bill to legalise online casinos in New York. Currently, several states in the US already have legal online casino action available, including New Jersey, Connecticut, and Pennsylvania. Despite the success of mobile sports betting, New York has yet to legalise online casinos.
The new online casino bill estimates that New York could receive around $1 billion yearly in state tax revenue and around $150 million in license fees from all casinos, operators, and contractors entering the online gaming market within the state. Addabbo is pushing for online casino gaming legalisation, taking inspiration from the success of the mobile sports betting market and the thriving online gaming industry in New Jersey and Pennsylvania.
Currently, gambling is permitted in various verticals in New York, including online sports betting and a state-run lottery. With the new bill, the aim is to legalise online gambling and open the market to all interested parties, including eligible New York land-based casinos. The platforms would be required to pay fees of $2 million to secure a license. The bill also proposes allowing participants to engage in joint, multi-jurisdiction, and out-of-state lotteries via desktop or mobile.
Overall, the article highlights the ongoing efforts to legalise online gambling in New York and explores the potential impacts of such a development.