iGaming ‘Inevitable’ In New York, Senator Says

Summarized by: Live Sports Direct
 
iGaming ‘Inevitable’ In New York, Senator Says

The New York Legislature adjourned last week without approving a bill to legalize internet gambling. The measure would have allowed people to download apps to play the kind of games found on a casino floor. Sen. Joseph P. Addabbo Jr., D-Queens, believes online casinos will be approved at the statehouse in Albany in the future.

Connecticut is one of three states where iGaming is legal. The other states with i gaming are New Jersey, Pennsylvania and Connecticut. Internet gaming is also legal in Ontario, Canada.

Addabbo predicts iGaming will bring in more revenue in New York than in Connecticut. New Yorkers have bet $7.4 billion on sports since the mobile wagering program began on Jan. 8. The eight mobile sportsbooks authorized to operate in NY have paid a combined $270.5 million in taxes.

Last year, Genting's Resort World property at the Aqueduct horse track in Queens had the most gambling revenue of any casino outside Nevada. The gaming revenue at Resorts World only comes from slot-style video lottery terminal games. New York City properties in the New. York area are not allowed to offer Las Vegas- style casino table games, but that is going to change with the recent approval of three downstate full casinos.


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