Even with persistent pushing by Senator Joseph Addabbo, iGaming in New York was not included in the 2023-24 current budget plans. Addabbo’s last big push was in late February where he proposed using the funds generated from online gaming to fund the MTA. NEW YORK – After an attempt by Senator Joseph Addabbo to regulate … Read more
New York could see $428 million in revenue annually with regulated online casinos according to VIXIO GamblingCompliance. The online sports betting market has already raked in over $300 million in revenue since January 2022. Lawmakers failed to pass iGaming legislation in 2022. NEW YORK – New York’s online gambling market could be missing out on … Read more
A bill to establish a new Problem Gambling Advisory Council in New York has advanced to the Governor’s desk. If Governor Kathy Hochul sign’s the bill, then the new council would be created 180 days after the fact. The new council would be funded via $500 annual fees per casino game/table and through the tax … Read more
Online sports betting operators are unhappy and have requested to lower the state revenue tax of sports betting from 51%. New York governor has increased the projection of total tax revenue brought in from online sports betting to $615 million. NEW YORK – Since its January launch, New York has been dominant for online sports … Read more
The Seneca Nation of Indians has withheld more than $500 million in payments to New York State. The Nation is willing to pay the money if they can renegotiate their gaming compact. N.Y. Gov. Kathy Hochul has agreed to the terms, and negotiations will commence soon. SYRACUSE, N.Y. – The Seneca Nation of Indians stopped … Read more