Sen. Addabbo files 2024 bill to legalize icasino in New York, with 30.5% tax rate to fill state budget hole

Saturday, January 13, 2024 12:38 PM
Photo:  The New York State Senate
  • Bennett Conlin, USBets

State Sen. Joseph Addabbo delivered Thursday on his recent promise to introduce a new bill to legalize New York online casino gaming. Addabbo’s bill, SB 8185, could bring legal iCasino to the fourth-most populated state in the U.S.

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“I truly think that 2024 should be the year for iGaming and iLottery in New York given the fiscal situation of the state,” Addabbo said on Thursday’s episode of the Lawyers, Lines, and Money podcast.

Addabbo cited the potential revenue generation from casino apps as a major reason for New York to consider legalization, especially as the state deals with a budget deficit. He previously estimated New York could generate $475 million annually in tax revenue from mobile casinos.