Senator Addabbo Requests Governor Support For New York Online Casino Legislation 

During a discussion at the NEXT Summit New York conference in Manhattan, New York State Senator Joseph Addabbo Jr. emphasized the crucial role of Governor Kathy Hochul in driving the legalization of online casino gambling. 

Addabbo, speaking on a panel alongside David Rebuck, the recently retired director of New Jersey’s Division of Gaming Enforcement, addressed the likelihood of New York passing an iGaming bill this year. He stressed that the advancement of online casino gambling legislation in the Empire State largely hinges on the governor’s initiative.

“It’s tough,” Addabbo acknowledged, indicating that significant momentum would be required to push forward with iGaming legislation. He highlighted the necessity of a governor-driven approach to navigate the complexities surrounding the issue.

Acknowledging Hochul’s potential influence in advancing expanded gambling opportunities compared to her predecessor, Addabbo pointed out the revenue potential from iGaming, which could aid in addressing potential budgetary shortfalls or healthcare expenditure cuts. He drew parallels to the financial pressures induced by the COVID-19 pandemic, which contributed to the legalization and launch of online sports betting in New York.

However, Addabbo noted that the current landscape indicates a “holding pattern” in legislative efforts until a pressing need for additional tax revenue arises. The comments from the senator come amid the broader context of iGaming legalization in the United States, where progress lags behind sports betting.

Additional iGaming Legislation Moves Slowly

Despite the increasing acceptance of sports betting across 38 states, only seven states have enacted iGaming legislation, limiting the market’s competitiveness in certain jurisdictions. Governor Hochul’s exclusion of iGaming from her latest budget in New York signals a challenging path for legalization this year.

Additionally, concerns regarding potential job losses in the brick-and-mortar hospitality industry have posed obstacles to iGaming legalization in states like New York and Maryland. Opposition from labor unions and other stakeholders has hindered progress, despite reassurances from industry experts like Rebuck.

Rebuck highlighted New Jersey’s successful iGaming model, emphasizing that the integration of online gambling with brick-and-mortar casino operators has not resulted in job losses since its inception. He also addressed the prevalence of unregulated online gambling, underscoring the importance of state regulation in combating offshore and fantasy operators.

Furthermore, Rebuck and Addabbo discussed the benefits of regulated US casino sites in providing data and resources for responsible gambling practices, which unregulated operators currently lack. 

Despite the challenges and opposition, Addabbo expressed optimism about advancing iGaming in New York, emphasizing the state’s potential to overcome hurdles and embrace online casino opportunities.

Related Pages: Legal Sports Betting States | New Jersey Sports Betting | Sports Betting Revenue

Why Online Casino Regulation is Important

In terms of regulatory frameworks, Rebuck highlighted the significance of regulated online gambling, which provides essential tools for player protection and problem gambling mitigation. He emphasized the contrast with unregulated operators, who often lack the resources and infrastructure to address these critical issues effectively.

Addabbo echoed Rebuck’s sentiments and stressed the importance of addressing concerns raised by opponents of iGaming legalization. He expressed confidence in overcoming hurdles and advancing online casino legislation in New York, emphasizing the potential economic benefits for both the state and operators.

Despite the challenges and uncertainties surrounding iGaming legalization in New York, industry experts remain optimistic about its potential benefits to the state’s economy. Proponents argue that regulated online gambling would not only generate significant tax revenue but also create job opportunities in related sectors such as technology, marketing, and customer service. 

Moreover, the COVID-19 pandemic has underscored the importance of diversifying revenue streams for states like New York, which faced unprecedented financial strains due to the crisis. Legalizing online casinos could boost the state’s economy by tapping into a lucrative market that has thrived in other jurisdictions.

The success of the online sports betting apps in New York is a testament to the demand for legal and regulated gambling options among residents. Since its launch, online sports betting has steadily increased user engagement and revenue, demonstrating the potential for similar growth in the iGaming sector.

In conclusion, the prospects of online casino legalization in New York remain uncertain, but stakeholders are hopeful about its potential benefits to the state’s economy. As discussions continue and legislative efforts evolve, finding common ground among stakeholders will be crucial in advancing iGaming legislation that balances economic growth with social responsibility.

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