After the Supreme Court ruling that legalized sports gambling, individual states have been pushing legislation aimed at legalizing online gaming.
In New York, poker players may soon play poker online. Senator Joseph Addabbo has introduced a new bill that visualizes the future of online gaming. The bill seeks to lay several bare provisions including available licenses, taxation, and license application procedures. It also proposes penalties for ‘bad actors’ as well as their affiliates.
Online poker bill Legal Basis
The bill is hinged on the precedent set by United States V. Dicristina. The defendant, Dicristina, was indicted for violating the Illegal Gambling Business Act. However, he was absolved of any wrongdoing by the court.
For decades on end, the question of whether poker is a game of chance or skill has been debated at length. The Dicristina ’s case, according to Senator Addabbo, shows that poker is a game of skill.
Bad actors
If the bill passes, not everyone will be a winner. The bill defines Bad actors as card rooms that have in the past offered poker services without acquiring proper licenses. Therefore, all card rooms that had accepted New York players in the past may be classified as “bad actors”. The classification extends to any other party that may have facilitated activities of the card rooms.
The poker Bill specifics
The bill is multi-faceted, well-written, and covers important aspects of the legalized industry. It seeks to answer all questions that may arise from legalizing online poker. Apart from providing citations that show that poker is a game of chance, the bill also proposes the number of licenses to be offered casinos, cost of the licenses, and taxes to be levied.
From the fine print, the senator proposes that only 11 licenses be availed to casinos. Also, each license will cost a whopping $10 million. Therefore, the State of New York will stand to make $110 million from licensing only. On matters of taxes, all casino operators will have to remit 15% of their gross gaming revenue. Interestingly, tax for the first two months will be included in the license fee.
Will the bill pass?
The bill seems to cater to both businesses and consumers. However, whether the bill will see the light of day or not remains to be seen. The bill is likely to be passed in the Senate without any qualms but it may hit a snag in the assembly.
Elsewhere, Washington D.C. citizenry will have to wait longer before sports gambling is fully legalized. According to reports, the sports gambling bill will be subjected to a public hearing. The public participation process may take a few months and hence lengthen its implementation timeline.
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