Taxes

N.Y. eyes iGaming revenue to narrow budget gap

The legislature’s fiscal analysts found that a bill proposed last session would have raised $475 million a year in tax revenue.

Sophie Quinton

06:01 AM, Nov 22, 2023

A New York legislator is refining a bill to legalize online casino games, which can provide states with significant tax revenue. (AP Photo/Cathleen Allison, File)

State Sen. Joseph Addabbo Jr. (D) wants legalizing online casino games to be part of New York’s budget discussions next year as the state stares down a $4.3 billion deficit.

He said taxing online versions of games such as slots and poker would help New York narrow its looming budget gap and reduce cuts to public services.

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