There was some progress in New York Senator John Bonacic’s online poker bill (S3898) in May 2017 when it was passed by the New York Senate Finance Committee. The decision means that Bonacic’s bill will now move on to the Senate floor for a debate.
But as veterans of the US internet gambling saga will know all too well, such developments are welcome but are no guarantee that any law will ultimately be passed in favour of online poker.
In the case of New York, the Senate had already approved (53-5) Bonacic’s previous bill in mid-2016. The state Assembly, however, did not then even consider that bill before the legislative session closed.
Bonacic’s S3898 online poker bill states its purpose is “to authorize the New York State Gaming Commission to license certain entities to offer for play to the public certain variants of internet poker which require a significant degree of skill, specifically “Omaha Hold’em” and “Texas Hold’em.””
Other key elements of the online poker bill are:
• A US$ 10 million licence fee (up to 11 licences are anticipated)
• Licences valid for 10 years
• Tax rate of 15% of revenues
• All tax revenue paid into the state lottery fund for education