New York iGaming didn’t make it into this year’s budget. That said, Sen. Joseph Addabbo told Online Poker Report today that he’ll push to add it to next year’s.
Sadly, that means the Empire State won’t be betting legal online casino gambling this year. The earliest it could now happen, factoring in the regulatory steps between legalization and launch, would be late 2023.
Addabbo, who sponsored SB 8412, said April 1 is the deadline to approve this year’s state budget and his iGaming bill isn’t part of it.
While he could still propose a standalone bill before the New York State Assembly adjourns, passage by late May or early June likely won’t happen.
Addabbo told OPR:
“We are laying the groundwork this year for a full-court press in next year’s budget.”
By “we,” Addabbo probably means Assemblyman J. Gary Pretlow, who sponsored the Assembly’s companion iGaming bill, A9436.
SB 8412 stalled on Feb. 24 in the Senate Committee Racing, Gaming And Wagering Committee. Pretlow’s bill stopped on March 7 in the Assembly Racing and Wagering Committee.
Both have already said online poker would be part of the mix, even though both bills only mention “interactive gaming.”
2022 is about ‘groundwork’ for 2023
Addabbo emphasized to OPR that he will continue speaking the praises of iGaming until the legislature adjourns for the year.
He and Pretlow have been trying to enact expanded gambling laws in New York for years. New York will eventually enter the ranks of US online casino states.
After all, online sports betting launched on Jan. 8.
As PlayNY reported on Monday about New York online sportsbooks:
“So far, NY has received $121.2 million in tax revenue generated by $3.5 billion total in handle from Jan. 8 to March 6.”
Unlike the 51% tax on online sports betting for the live market, Pretlow’s bill proposed a 25% tax rate on iGaming.
Addabbo told OPR he expects lawmakers to consider the legislation again:
“It’s not a question of ‘if’ but ‘when.’ “