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   Sunday, July 14 2024 
A new i-poker bill introduced - New York

A new bill emphasizing online poker regulation was introduced in New York last week. Submitted by Republican-affiliated Senator John Bonacic, it would allow a dozen gaming applicants to serve New York-based gamblers with legal gaming activities. As a reminder, a bill was introduced in March 2014. So far, no tangible result has come out of it. At that time, Bonacic, chairman of the Senate Committee on Racing, Wagering and Gaming, said it was not the right time to see online poker market legalized in the state. This year, his new initiative could spark promising change.

What makes this newly-introduced bill different from other proposals is that it defines poker as a game of skill that requires certain strategy and decision making ability. The said bill also reads that playing poker requires a certain dose of skill levels. From this perspective, the game of poker is not part of those gambling activities prohibited by the penal law. After all, enormous is the figure at stack, both for the state and the eventual licensed gaming operators. Actually, a survey commissioned by MGM reveals that New York residents spend more than $ 110 million on offshore i- poker rooms. The estimate also sees $ 50 million to $ 80 million of annual taxes to be generated by the state-issued intrastate i-poker license once available. The Bonacic-signed bill would pave New York’s way to an agreement for liquidity sharing with other States where online poker is officially regulated: Nevada, New Jersey and Delaware.

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