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Tag: tax revenue from gambling

New York Online Gambling: What’s Next for Legalization?

Posted on May 9, 2025

New York online gambling is on the brink of transformation as lawmakers push for legalizing and regulating online casino games alongside sports betting.This new initiative, spearheaded by State Senator Joseph Addabbo, aims to stem the significant tax revenue losses that New York faces due to the thriving online gambling market in neighboring New Jersey, which saw impressive earnings of $2.4 billion last year.

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