is online gambling legal in ny

New York is one of the US gambling states, providing residents with land-based casino gaming and sports betting options as well as daily fantasy sports regulation – making it one of the largest DFS markets nationwide. While New York may legalize or regulate iGaming at some point in time, New Yorkers currently do not have access to real-money online casino gaming yet.

Existing gambling offerings in New York State include lottery, horse race betting and racinos with table games; as well as numerous Native American casinos on Seneca, Mohawk and Oneida tribal lands. Unfortunately, this state has yet to embrace online gambling like other states have, leading many of its residents to turn offshore sites for their gaming needs.

State Senator Joseph Addabbo introduced S4856 in 2023 that could usher legal iGaming to New York for the first time. Under its provisions, racinos could offer interactive gaming via desktop computers and mobile devices, regulated by the New York State Gaming Commission with an tax rate slightly higher than New Jersey and Pennsylvania rates on revenues generated from such gaming activities.

Addabbo’s bill includes taxes as well as a $25 million annual fund that could ensure online casinos do not negatively affect brick-and-mortar casinos, support local job creation and education, as well as establish responsible gambling programs in New York before it goes any further with legalizing online casinos. While legalization might not seem like such an alarmist move at first, some lawmakers and industry experts see responsible gambling programs as essential before moving ahead with it.

The 2023 legislative session ended without reaching a conclusion on this issue, yet debate is sure to resurface in 2024. State Assemblyman James Gary Pretlow introduced an iGaming bill while state Senator Joseph P. Addabbo also has one in their possession; both bills have since stalled but will likely resurface during 2024 legislative sessions.

New York residents awaiting legalization of online gaming must rely on reputable offshore operators for their iGaming needs until 2024 arrives. These operators are licensed and regulated in their respective jurisdictions to offer safe, secure environments. Some even provide promotional offers tailored towards New York players which could boost bankrolls significantly – these might not offer as lucrative returns but they could still add up over time; it’s best that New York residents take advantage of them before legalization comes around!