Online Poker Legalization (S.3898-A-Bonacic; A.5250-Pretlow)

The above-referenced bills would legalize, regulate, and tax two forms of online poker known as Texas Hold’em and Omaha Hold’em. Specifically, these bills 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, these bills would require each online gambling licensee to pay a 15% privilege tax on its gross revenue.