BILL NUMBER: S2614
SPONSOR: ADDABBO
 
TITLE OF BILL:
An act to amend the racing, pari-mutuel wagering and breeding law, in
relation to interactive gaming; and to amend the tax law, in relation to
interactive lottery gaming
 
PURPOSE OR GENERAL IDEA OF BILL:
To authorize online interactive gaming in New York State
 
SUMMARY OF PROVISIONS:
Section 1 of this bill amends section 1367-a of the racing, pari-mutuel,
wagering, and breeding law by adding a new subdivision 8
Section 2 of this bill amends section 104 of the racing, pari-mutuel,
wagering, and breeding law by adding a new subdivision 25
Section 3 of this bill amends section 1311 of the racing, pari-mutuel,
wagering, and breeding law by adding a new subdivision 4
Section 4 of this bill amends the racing, pari-mutuel, wagering, and
breeding law by adding a new article 15
Section 5 of this bill amends the tax law by adding a new subdivision 7
Section law 6 of this bill amends subdivision c of section 1612 of the
tax
Section 7 of this bill amends the tax law by adding a new section 1617-b
Section 8 is the effective date
 
JUSTIFICATION:
Currently, seven States have authorized online interactive casino
gaming, including the neighboring States of New Jersey, Connecticut and
Pennsylvania. In 2023, online casino gaming revenue exceeded $3.5
billion in both New Jersey and Pennsylvania combined, generating approx-
imately $1 billion in tax revenue for those states. In its first year
New York quickly became the leading mobile sports betting market in the
nation. Similarly, if authorized, New York would quickly become the
national leader in online casino gaming, generating hundreds of millions
of dollars in tax revenue annually for the State.
In addition to establishing a robust licensing and regulatory structure
for online interactive gaming, this legislation includes protections
against illegal market providers, additional resources for problem
gambling, and labor peace requirements.
 
PRIOR LEGISLATIVE HISTORY:
2022:S8412 -Referred to Racing,Gaming and Wagering Committee
2023:S4856 -Referred to Racing,Gaming and Wagering Committee
2024:S8185A- Referred to Racing,Gaming and Wagering Committee
 
FISCAL IMPLICATIONS:
New York State would receive approximately $1 billion annually in State
tax revenue based upon conservative market estimates. In addition, in
the first year of operation, New York would receive approximately $150
million in one-time license fees from casinos, operators, and independ-
ent contractors seeking to conduct online interactive casino gaming.
 
EFFECTIVE DATE:
This act would take effect immediately.

Statutes affected:
S2614: 1602 tax law, 1612 tax law, 1612(c) tax law