Unlike New York’s preposterous 51% tax rate on mobile sports betting, SB 8412 suggests a much more reasonable 25% rate for online casino gaming.

Land-based casino branding must be prominent on the online brand’s mobile app, similar to Pennsylvania. Third-party operators need $10 million for online brand partnerships. Land-based casinos pay a $2 million one-time licensing fee. Addabbo’s proposed bill would allow for up to two (2) mobile skins per land-based casino. If passed, only land-based operators gain market access.

SB 8412 could align New York with states legalizing online casino gaming. Senator Joseph Addabbo recently introduced Senate Bill 8412, a piece of legislation centered around bringing regulated interactive gaming to the state of New York. You can collect bonus offers, daily perks and more. Once you are done playing, you can then sell those gold coins back to the site for cash and prizes. Social Casinos are legal in New York and offer you all the fun of an online casino where you purchase gold coins and can use those gold coins to play all your favorite casino games like online slots, video poker, online blackjack, and more.

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