Online casino bill introduced in New York


A bill legalizing New York online casino moves forward in the Assembly, bringing with it the possibility of more revenue than the current mobile sports betting market place provides.

Legalizing online casino gambling will likely bring in more gross gaming revenue (GGR) than the nearly $1.4 billion New York sportsbook marketplace did in its first year. So says state Sen. Joseph P. Addabbo Jr., D-Ozone Park, who predicts online casino revenue will “eclipse” that of sports betting.

Before that can happen, state lawmakers need to approve iGaming. So on Friday, state Assemblyman J. Gary Pretlow introduced A3634. The measure would allow retail casinos to partner with two sites, possibly yielding 14 online casinos.

Currently, four Upstate New York casinos partner with the state’s nine mobile sportsbooks. A board appointed by the New York State Gaming Commission (NYSGC) is vetting applicants for three Downstate New York retail casino licenses. With all seven casinos partnering with two online casino operators, there would be 14 New York online casino sites.

Pretlow, D-Mount Vernon, is the chairman of the committee where his bill now sits. There, in the Assembly’s Standing Committee on Racing and Wagering, it joins New York online poker legislation he introduced on Jan. 17. The measures propose 25% and 15% tax rates, respectively.