New York State Continues Pursuit of Legalizing Online Gambling
New York has been making strides in the online sports betting market since its launch more than two years ago. Recently, efforts to legalize online gambling have gained momentum, with Senator Joseph Addabbo introducing Senate Bill 8185 (S8185) early last month. The bill aims to authorize online gambling activities and online lotteries across the state.
Initially, S8185 was referred to the New York Senate Racing, Gaming and Wagering Committee on January 11, 2024. Following this, the bill was amended and recommitted to the Committee, with the latest edition now featuring Article 15, outlining plans for the future iGaming sector. The proposal also encourages tribal operators to apply for iGaming licenses, with the condition that they relinquish their exclusive geographic right to offer and conduct interactive gaming on tribal lands.
In addition to addressing licensing for tribal operators, the latest amendment to S8185 also emphasizes the importance of labor relations, mandating that online gambling operators enter into labor peace agreements with labor organizations actively representing gaming or hospitality industry workers in the state.
Furthermore, the proposal calls for a 31.5% tax on online gambling operators’ gross gaming revenue, with the tax revenue benefiting the New York lottery fund for education aid. Additionally, annual funding of $11 million will be dedicated to treating problem gambling and education in collaboration with the New York State Office of Addiction Services and Supports.
Overall, these efforts signal a continued push by New York lawmakers to expand the state’s online gambling market, recognizing the potential economic benefits and the need for responsible gambling measures. As the bill progresses through the legislative process, it remains to be seen how New York’s online gambling landscape will evolve in the coming months.