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SGLA warns New York sweepstakes ban could cost $230m annually

Regulation

The Social Gaming Leadership Alliance said a proposed New York ban on online social games with sweepstakes promotions could remove more than $230 million in annual economic contribution. It said a regulatory framework could generate more than $80 million in annual tax revenue; the bill is under review by Governor Kathy Hochul, whom the group urged to veto it.

The governor’s decision could determine whether the sector faces a ban or a regulatory framework in New York.

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Regulation

SGLA urges Florida to legalise sweepstakes casinos, citing $70m annual revenue

The Social Gaming Leadership Alliance is advocating for Florida to legalise and regulate sweepstakes casinos, citing an economic-impact report prepared for the group by Eilers & Krejcik Gaming. The report estimates the state could collect more than $70 million a year through licence fees and a 6% tax on player purchases. Florida’s constitutional rules and the Seminole compact are cited as barriers to the proposal.

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