Most recently, New York State Senator Joe Adabo spoke about the legislature's intention to introduce regulated online gambling to Empire State. The Senate Racing, Gaming and Betting Chair has convinced the industry that the introduction of iGaming after online sports betting will not cannibalize the land-based casino sector in the state.
In January, Empire State introduced its own digital market for sports betting, and it would be an understatement to say that the market was successful. Since its inception, it has generated more than US$10 billion in betting handles, thus transforming itself into the best sports betting jurisdiction in the United States, while also bringing millions of dollars in tax revenue to the state.
And after the success of the mobile sports betting scheme, New York lawmakers are now considering adding online games to their legal options. Mr. Adabo said he would work with several other lawmakers and governor Kathy Hochul in 2023 to bring regulated online casinos to the state. This could mean that the new option will be available in 2024.
He explained that the tax revenue potential through iGaming is much greater than online sports betting. This is due to the estimate that online game revenue beats mobile sports betting by more than 2 to 1. That is why Mr Adabo would like to see iGaming added to the dialogue early next year, either in the executive budget or in part of the budget.
It should be noted that once online casinos are introduced, they are linked to commercial casinos in the state in a similar way to online sportsbooks are linked to land-based real estate. According to Article 9 of the New York State Constitution, "Casino gambling in seven or fewer facilities approved and prescribed by the legislature must be approved or permitted within the state afterwards
The senator's proposal for the 2022 budget was to introduce up to 14 online casinos or two apps for each of the seven commercial casinos regulated by New York law. He shared that he is most likely to submit a similar proposal in the 2023 budget discussion. However, it remains unclear whether Northern Casino, which runs online sportsbooks, will be able to run the iGaming app. 파워볼사이트
In April, Empire State lawmakers approved the expedited processing of three commercial casino permits for downtown New York. This will be tremendous news for the casino and hospitality industry and the state. Because it will bring thousands of new and stable jobs. The introduction of the three casinos is now a year earlier.
Currently based in New York City, Empire City Casino and Resorts World New York City is one of the candidates to secure two licenses, with a third license most likely to be decided among the remaining candidates. Wynn Resorts and its affiliates announced a partnership for Hudson Yaz's Western Yaz-based casino project.