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New York senator reintroduces online casino and lottery bill with 30.5% tax

Regulation

New York State Senator Joseph Addabbo introduced Senate Bill S02614 to legalise online casinos and online lottery sales, with Assembly Bill A06027 filed by Carrie Woerner. The proposal would tax iGaming gross revenue at 30.5% and direct at least $25m annually to a fund for employee training, responsible gaming education, health and development. The bills were referred to their respective gaming committees; the proposal also sets upfront licence fees of $2m for specified casino or operator entities and $10m for third-party platform providers.

The proposal would set licensing costs, tax rates and a dedicated funding obligation for prospective New York iGaming operators.

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Regulation

New Jersey senator proposes gambling oversight and tax measures

New Jersey state senator John McKeon introduced proposals to restrict simulated casino apps for young users, increase operator liability for self-exclusion failures and raise taxes on online casinos and sports betting, according to the report. A separate proposal would require monthly user notifications summarising gambling wins and losses; the measures are under Senate review.

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