New York governor fails to include icasino in annual budget, likely dooming legislation

New York governor fails to include icasino in annual budget, likely dooming legislation

Article brief provided by USBets
  • Jeff Edelstein, USBets
January 16, 2024 9:24 PM
  • Jeff Edelstein, USBets

Just days after New York State Sen. Joseph Addabbo introduced iCasino legislation for the second year in a row, Gov. Kathy Hochul effectively put the kibosh on it for 2024.

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In her annual budget, Hochul did not include any mention of online casino legalization or the potential $475 million in annual tax revenue Addabbo projects. By not including it in her budget, this sends a message to the legislature that the bill is not of prime importance.

Hochul’s budget, which comes in at $233 billion, does include some gambling news — all of it related to horse betting and none of it earth-shattering. The governor wants to extend the current parimutuel tax rates and simulcast revisions, as well as allow off-track betting parlors to have flexibility in how they spend their capital funds.