Sen. Joseph Addabbo (pictured), lawmakers in New York created once again have the opportunity to make online poker legal this year. Following a complete lack of progress through 2019, a relevant bill is now back on file for 2020, and players and lawmakers alike are keeping their fingers crossed.
The online poker bill is exactly the same as when it was last introduced in 2019. The terms are very straightforward as the language looks to make the process of legalizing online poker as simple as possible.
Addabbo’s proposal would allow up to 11 licenses for New York online poker, each valid for 10 years at a cost of $10 million apiece. The state would tax revenue at a rate of 15%, which falls in line with New Jersey and Pennsylvania, and it holds both regulated and unregulated sites accountable for those taxes.
But the revenue expectation for poker is peanuts in comparison to the potential earnings from online sports betting in the state. The best chance for legal online poker may come via a backdoor.
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