Shutterstock/mervas New York will consider the legalization of online casino gaming this year.
A new bill, introduced by Sen. Joseph Addabbo, appeared in the Senate on Thursday. It was immediately referred to the Committee of Racing, Gaming and Wagering.
Addabbo is sole sponsor of SB 8412 . He was also instrumental in the state’s efforts to bring sports betting online, which came to fruition on Jan 8 this year.
Close to two months in, New York online sports betting has been everything its proponents had hoped for. The state’s sportsbooks took nearly $2 billion in bets in the first 30 days, and generated over $70 million in taxes for state coffers. Does the recent sports betting launch help or hurt?
Online gambling advocates often express the hope that successful sports betting launches will make online casino an easier lift. So far, though, there aren’t any clear examples of reality matching that hope. Looking at the states that already have legal online casinos: New Jersey did things the other way around, starting with iGaming in 2013 and adding sports betting later
West Virginia and Pennsylvania legalized the two verticals separately, but passed their online casino bills before sports betting actually launched
Michigan passed the full package all at once
Connecticut used online casinos as a bargaining chip to get the state’s tribes to agree to its sports betting plan
True, the early success of NY sports betting may make the idea of iGaming more palatable for some. At the same time, however, many fence-sitters are likely to find it too much, too quickly.One has only to look as far as Illinois to find evidence of this problem. Its first online sportsbook went live in June 2020. After a fairly smooth first year, state lawmakers introduced the Internet Gaming Act in the 2021 legislative session, with plans for an expedited launch.Unfortunately, that effort stalled and went into hibernation until this year. While it’s still on the table, even one of its primary advocates, Sen. Cristina Castro, says she thinks it might not have much of a chance until 2023.It’s good news for New […]
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