Online Poker Legalization (S.5302-C-Bonacic/A.9049-A-Pretlow)

The above-referenced bill would legalize, regulate, and tax two forms of online poker known as Texas Hold’em and Omaha Hold’em. Specifically, this bill would empower the New York State Gaming Commission to issue up to 11 online gambling licenses and collect a license fee of $10 million from each licensee. In addition, this bill would require each online gambling licensee to pay a 15% privilege tax on its gross revenue. Gambling addiction is a serious problem for individuals, families, and communities. The New York State Legislature should decline to allow the online gambling industry to reach its tentacles into the homes and families of New York residents.