Senator Joseph Addabbo has kept his promise by introducing a new iGaming bill in New York. The bill, known as Senate Bill 8185, was presented to the Racing, Gaming and Wagering Committee with the aim of legalizing interactive gaming and interactive lottery gaming in the state.
This is not Addabbo’s first attempt at legalizing online casino gaming in New York. In 2023, he introduced a previous bill, S4856, which also sought to legalize digital gambling but did not include online lottery. Despite failing to gain traction, Addabbo has remained committed to promoting the launch of online gambling in the state.
Under S8185, seven land-based casinos, racetracks, and tribes in New York will be eligible to apply for online gambling licenses. The bill also allows for three additional licenses to be issued to parties that submit an approved program as part of the bidding process.
Notably, S8185 includes the legalization of online lottery, which would allow access to joint, multi-jurisdiction, and out-of-state lotteries online, overseen by the New York State Division of Lottery.
Applicants for licenses will be required to pay a one-time fee, with existing operators paying $2 million and independent contractors paying $10 million. Additionally, the bill envisions a 30.5% gross gaming revenue tax, with $11 million of the tax revenue allocated for problem gambling-related services.
The bill also stipulates that only players over the age of 21 will be allowed to participate in online gambling. Senator Addabbo believes that legalizing online gambling in New York will significantly benefit the state and alleviate its financial pressures, as other states are currently profiting from New York residents’ gambling activities.
New York currently boasts the largest betting market in the U.S., and Addabbo and other supporters of online gambling hope to replicate this success and generate more tax revenue for the state.