Online Poker

Legal Gambling



Newsletter

888 Poker

Regulated Online Poker One Step Closer To Reality In New York

06/11/2016

Online poker players are currently abuzz with news and information about an online poker regulation bill working it's way through the New York State Senate at the moment. It is a measure that has been attempted before, but has never gotten along this far until now. This is exciting news for the players, but there are still some worries that the legislative session is coming to a close and that this may not get done in time.

The bill passed through committee on a 20-8 vote in favor, however 8 of the "aye" votes were noted as "ayes with reservations". Thus, those members may change their minds and voted against the measure when it comes up for a full floor vote. It is clear that they at least have more to say on the matter.

This legislation is certainly a winner when it comes to generating revenue for the State. As currently written, the bill would require a $10 million licensing fee as well as a 15% tax on the revenues generated from online poker. That alone would produce many millions of dollars from each and every online poker operator in New York. This is all money that the State is currently not receiving from online poker operations that continue to operate despite their disputed legal status.

Recent polling indicates that New Yorkers by in large believe that regulated online poker is a good idea. Those polls show that 71% of residents of the state say that they want to have regulated and safe online poker. They seem to understand that not regulated online poker does not mean that it goes away, but simply that it finds shadier ways to exist. Besides that, even those who do not play the game at all would benefit from the extra tax revenue it would generate.

The final hurdle for this legislation may be the current issue with daily fantasy sports. That is to say that the state has taken steps to bar daily fantasy sports from the state as it is seen as a form of gambling. If online poker gets lumped in with that, it could make for an even tougher road ahead for online poker players in New York.

 
>> All legal poker news in USA   >> New York Online Gambling News
 

888 Poker

Online Poker News in USA

09/23/2017 Weekend Warriors: over $100,000 in cash prizes for every weekend!
Everybody's living for the weekend! Who doesn't want to get off from a long week at the office and go have some fun? With 888poker, you have over 100,000 reasons to come spend the weekend with 888poker and their Weekend War... Read more

888poker
06/01/2017 Pennsylvania Senate Approves Online Gambling Bill
Facing continuing budget shortfalls, the Pennsylvania State Senate has finally passed legislation that would legalize some forms of online gambling for residents of the state. After several futile attempts to bring online g... Read more

Legal Gambling USA
02/18/2017 2017 WSOP Qualifiers for New Jersey and Nevada poker players
With the roster currently growing for the 2017 World Series of Poker (WSOP), the WSOP.com website is now offering qualifying opportunities for as little as an entry fee of $10. The 48th annual World Series of Poker event is... Read more

WSOP.com
11/22/2016 The Gladiator : Fight your way to a $5,000 cash prize!
Are you ready to slug it out for 30 days of wild poker action and fight your way to a $5,000 cash prize? The Gladiator at NJ Party Poker is a month-long poker promotion that rewards you for every point you earn from Novembe... Read more

PartyPoker
07/08/2016 Pennsylvania House of Representatives Approves Bill to Legalize Online Poker, DFS
Pennsylvania House of Representatives Approves Bill to Legalize Online Poker, Daily Fantasy Sports; No Video Gaming Terminals Last week, prospects improved for online poker legalization in Pennsylvania. On Tuesday, the... Read more

Legal Gambling USA
>> All poker websites news in USA
 

  Home > Online Poker > Online Poker News in USA > Regulated Online Poker One Step Closer To Reality In New York