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New York State Senator: 'All Of The Gaming Interests' Want Regulated Online Poker

Lawmaker Says Online Poker Likely To Come Before DFS Bill

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A bill in New York to regulate online poker sites has new life after moving to the Senate floor earlier this month and its leading backer saying this week that it is likely to become law before the Empire State passes DFS legislation.

State Senator John Bonacic told Capital Tonight that “online poker is more settled” in the eyes of state lawmakers and “all of the gaming interests” want online poker.

“By the way, there’s much more [money] to the state of New York [from] online poker,” he said. He added that online poker revenue would be taxed at a 15-percent rate and the state would get $10 million per online poker license. On an annual basis, online poker could be roughly 10 times as lucrative for New York as DFS, according to Bonacic.

“All the potential casions, all the nine racinos, have sent us letters of support for the online poker bill,” Bonacic said. A few years ago, New York approved construction of new commercial casinos in order to try to keep for its coffers some of an estimated $1 billion that is spent by New Yorkers at casinos in neighboring states.

He didn’t say when his bill would come up for a possible Senate vote.

MGM Resorts, one of the largest casino developers in the world, is firmly in support of online poker in New York, home to nearly 20 million people.