Second New York igaming bill introduced in Assembly
The legislation – A09436 – describes interactive gaming as wagers on casino-style games, made through virtual or electronic means from a location within New York state, is transmitted to and accepted by electronic equipment located at a licensed gaming facility.
Casino operators may use up to two mobile interactive gaming wagering platforms and brands for authorised games, provided they have been cleared by the New York State Gaming Commission.
Igaming operators will be required to pay a one-time fee of $2m, while the fee for independent contractors is set at $10m.
Operators will also have to pay a tax rate equivalent to 25% of igaming gross gaming revenue (GGR), which will be separately maintained and returned to the state for deposit into the state lottery fund for education aid.
This marks a second piece of online gaming legislation under consideration in the Empire State. New York state senator Joseph Addabbo introuduced an online casino bill to the Senate back in February.
New York also launched its online sports betting market at the start of the year, taking $1.54bn in internet sports betting revenue in February.