When Will NY Legalize Online Casinos: Senate Bill S8412

Published 10:24 am Monday, October 17, 2022

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The range of legal gambling options in New York includes casinos in the Las Vegas style, horse race betting, retail and online sports betting, and even a lottery. There aren’t any legal online casinos in New York. But this can change in the near future.

There have been some developments in 2022, mainly the proposed senate bill S8412, which would permit online poker and casinos in the state. Let’s look at the current state of the market and what players should expect in the future if the S8412 bill is to be signed.

Current State of Gaming Laws in New York

Online horse betting services like TVG, as well as popular daily fantasy sports services like DraftKings and FanDuel, are all allowed in New York. The state of New York offers a limited number of possibilities for legal online gaming. Although NY online casinos have not yet become legal, visitors and residents of the Empire State can take advantage of their proximity to New Jersey to enjoy the best of online gambling. And a good way to start is to use a welcome bonus. You can use a Party casino NJ bonus code in New Jersey to get a 100% deposit match and 25 free spins.

As we’ve mentioned, online casinos are not yet regulated by the state. A strategy to change the state legislation, though, is in the works. Sen. Joseph Addabbo of New York, who has long advocated for the development of gaming in the Empire State, introduced SB 8412 in February 2022 to add online casinos and poker to the list of legal gaming services.

The Future of the Senate Bill S8412

The New York Assembly is currently considering a bill that would permit online poker and casinos to operate in the Empire State. However, it’s unlikely that SB 8412 will be given serious consideration until 2023 when it will be compared to a bill of a similar nature proposed by Gary Pretlow. 

Pretlow stated that his top priorities right now are speeding up the issuance of new licenses and ensuring that the online sports betting market will be more sustainable and stable in the future.

While there is some debate on what changes to implement and how to do it, this doesn’t mean that there is no chance for the legalization of online casinos and poker in NY. Pretlow and Addabbo agree that there is momentum for expanding online gambling, but Pretlow also pointed out that many individuals worry that there is too much gaming. Some folks wish to take a step back.

The promise of iGaming will probably soon be recognized by New York politicians. Players spend a lot more money on table games than they do on sports betting.

Sports betting has higher overhead costs, and customers find it more difficult to spend money as quickly as they can at a Baccarat table or a slot machine.

If online casino games were permitted, the state of New York and sportsbooks would profit greatly as a result. Activist organizations and politicians, however, would fight back on behalf of the general populace.