Will New York Show The Way For Online Casinos?
Added: April 11, 2016
As you are well aware, the United States is in the midst of what looks to be a rather interesting election year. Yet at the very same time that all of this election rhetoric is flying back and forth, there is what looks to be very good news regarding legalized online casino action. This news is coming from of all places, the New York state legislature.
In this case, New York is taking a serious look at legalized online poker legislation. You may well remember that New York has been toying with the idea of legalized online poker play on and off for the last few years. That being said, by the looks of things now it appears that New York legislators are about to make a clear decision.
Interestingly, this new push for legalized online poker play is happening at the same time that legislation is under way with regards to legalized daily fantasy sports betting. In addition, the timing of this new embrace of online casino action is in fact part of a possible budget deal. Note that despite what some opponents of online casino action and online sports betting like to claim, the New York legislators clearly identify both online poker and online daily fantasy sports betting as skill based games.
If you are looking for a bit more evidence as to which direction the New York legislators are likely to take you may want to take note of the fact that only just recently the State Assembly passed a bill that would legalize mixed martial arts. For the record, the state of New York is to date the last holdout in the entire U.S. where mixed martial arts are not legal. In other words, it seems clear the New York legislators took a good look around on all the revenue being generated by neighboring states and finally decided that something had to be done.
All of the above being said, remember to keep your eye on what this is all about. That is to say, look at the bottom line. Get this: representatives from the state of New York revealed that New York residents spend an incredible $1Billion each and every year on out of state casinos.
Naturally legalizing online poker is the first step to keep the state of New York competitive. You can well imagine that online poker is but the first step to further legalized online gambling action in New York.