Senator Joseph Addabbo’s bill to authorise online sports betting in New York gained unanimous support from the Senate Racing, Gaming and Wagering Committee Monday.
Senator Addabbo’s bill would allow the state’s commercial and tribal casinos to partner with an agent to offer internet-based sports betting to players in New York.
Mobile or internet-based sports betting would be taxed at a rate of 12 per cent of gross revenue compared to 8.5 per cent for retail betting, and commercial operators would be required to use geolocation technology to ensure that mobile betting is not available in a native American tribe’s exclusive geographic area without consent.
The bill (S17D) also requires operators to provide parental controls to prevent minors from accessing a sports betting platform, and a self-exclusion programme for players to opt out of sports betting, and also sets a $250,000 lifetime deposit limit.
Players would be authorised to open and fund mobile sports betting accounts either in-person at a casino, through an affiliate, or remotely through the sports betting platform.
S17D was filed on January 9th and passed the Senate Racing, Gaming and Wagering Committee Monday by a vote of 7-0. It now heads to the Senate Finance Committee.