State Senator Joseph Addabbo has officially introduced legislation to authorize New York online casinos for the 2026 legislative session, marking his fourth consecutive year championing the expansion of digital gaming. Senate Bill S02614 seeks to establish a regulated framework for real-money iGaming and online lottery sales, aiming to capture revenue that currently flows to neighboring states or unregulated offshore markets. The bill arrives at a critical juncture for the gaming industry in New York. State regulators recently concluded a lengthy process to award three downstate casino licenses to projects in the New York City region. Addabbo, who chairs the Senate…

The New York sports betting market posted another strong performance in August, with total wagering volume surpassing $2 billion for the month. According to figures released by the New York State Gaming Commission, bettors placed $2.04 billion in wagers, marking a 42 percent increase from the same month last year and a 46 percent jump over July. It was the highest monthly handle since May. Sports betting revenue also rose significantly. Gross gaming revenue reached $178.2 million in August, representing a 42.6 percent year-over-year increase. The statewide hold rate stood at 8.72 percent. FanDuel led all operators in revenue, reporting…

The numbers are in for New York sports betting in 2023, and they do not disappoint. Players in the state wagered more than $19.6 billion on sporting events last year, which translated to almost $1.8 billion in revenue. During the 12-month period ending on March 31st, total wagers in the Empire State surged by almost 20%, reaching $16.4 billion, and surpassing the figures from the previous fiscal year. This milestone also marks the highest annual expenditure for online sports betting recorded in any state regulating the activity in America. Additionally, the gross gaming revenue experienced a remarkable year-on-year increase of…

The man responsible for sports betting in his state is back at work. Senator Joseph Addabbo has rolled out a New York online gambling bill that would regulate web based casino games, including slot machines. The bill also has provisions for live dealer and table games, as well as for online poker. In true New York fashion, however, Addabbo’s bill proposes a tax rate of over 30% to be imposed on operators. That’s about twice as much as the usual 15% in other states that have regulated internet casino games. But before we get ahead of ourselves, this bill has…

If you were hoping for New York online gambling or poker this year, we have some bad news for you. State legislators could not get a deal done in regard to a measure being pushed by State Senator Joseph Addabbo, who also pushed sports betting reforms there. Since regulating mobile and online sports bets, the state has set revenue records in America. Despite this, the current legislative session will end on June 2nd with nothing accomplished for web based casino games. Addabbo’s bill didn’t see much support after clearing committee. Of course, those who remember the struggles of sports betting…

A Court of Appeals has ruled that New York fantasy sports are perfectly legal. This coming as the court found sufficient evidence that playing fantasy sports is skill-based and therefore not subject to state gambling laws. The case had been winding its way through the system since 2016 an anti-gambling group asserted that New York fantasy sports were unconstitutional and violated gaming laws. Two lower court decisions agreed with that belief. However, the appeals court arrived at a different conclusion all together. They found that fantasy sports are not based on chance, nor are they betting on sports events. Instead,…