Online casino

Second online casino gambling bill presented in New York

the New York Assembly was introduced with a second bill to legalize interactive casino gambling in the state. Sponsored by Deputy Gary PretlowA09436 now joins the S08412 previously proposed by Senator Joseph Addabbo.

Independent operators and contractors

The partisan bill that was introduced on Monday by Assemblyman Gary Pretlow defines interactive gaming as activity that involves wagering on casino-type games where wagers are made through virtual or electronic means from from a location in the State and are electronically transmitted to a lawfully gaming establishment. authorized to accept bets.

A09436 also defines licensed games as any slot machine or table game that has been found to be in the public interest and deemed suitable for online use after a testing period. The term also includes gaming tournaments in which players compete against each other.

The bill states that “a casino operator may use up to two brands of interactive mobile betting platforms for licensed gaming,” but the platforms would have had to be reviewed and approved by the NYS Gaming Commission. Independent entrepreneurs can also display their brands on the platform in addition to the operator’s brand.

Registration fees and taxes

Online casino operators will be subject to a one-time fee of $2 million while any independent contractor providing an interactive gaming betting platform will be required to pay a one-time fee of $10 million as a condition of approval.

Registration with the NYS Gaming Commission will be valid for a period of 10 years and the regulator will provide a process for renewal of registration. All registered online casino game operators will be published on the commission’s website for public use.

Casinos wishing to register as online gaming operators must agree to provide a site for a mobile interactive betting server to an Indian tribe without an agreement with another casino, charging only the direct and actual cost of the hosting the server and other equipment.

Indian tribes wishing to register as an interactive game betting operator must abide by the same rules that apply to commercial casinos and also waive their exclusive geographical right to provide interactive mobile game betting.

Mobile interactive betting in New York will be subject to a 25% tax on gross gaming revenue. Tax revenue will go to the state lottery fund to support education. Any financial penalties imposed by the state gaming commission will also go to the education lottery fund.

From tax revenue, the commission will allocate $11 million annually to education and problem gambling treatment in conjunction with the office of addiction services and support.