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New York Online Poker Hearing Set For Sept. 9

Hearing To Explore Pros And Cons Of Legislation

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The state of New York will be holding a hearing on the topic of online gaming in the afternoon on Sept. 9, Card Player was told by the New York Senate Racing, Gaming, and Wagering Committee. The plans for the hearing were first reported by GamblingCompliance and USPoker.

Legislation was proposed in May, but it hasn’t advanced in the state legislature. Online poker doesn’t stand a chance of being legalized this year, but the hearing next month could pave the way for some real hope next year.

Sen. John Bonacic, a Republican, is the sponsor of the proposed legislation, and he is the chairman of the Senate Racing, Gaming, and Wagering Committee.

Bonacic told GamblingCompliance that he is bringing industry stakeholders to the hearing to "have a discussion on the pros and cons of moving the legislation.”

His bill called for a cap of 10 online poker operators. Operators could be taxed at a 15-percent rate.

According to an October report from The New York Times, MGM Resorts has been lobbying in Albany to get online poker approved. An analysis commissioned by MGM estimated that New York residents spend as much as $110 million a year on offshore online poker sites.

While New York makes slow progress toward regulated online gaming, neighboring Pennsylvania appears close to legalizing the games. New Jersey, which already has regulated online gaming, is seeing the market mature this year and has plans for beefing up its industry.