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New York Receives Another Internet Poker Bill

New York Receives Another Internet Poker Bill

Last November, New York voters approved the expansion of land-based casino gambling in New York.

New York Receives Another Internet Poker Bill

Lawmakers in New York have the option to consider a second Internet poker bill which was proposed to the State Assembly.

A second Internet poker bill proposed to the State Assembly is now under consideration by New York lawmakers.

This second bill, A 9509, which was introduced by Assemblyman J. Gary Pretlow, is similar to the bill proposed in late March, S 6913, to the State Senate by Senator John J. Bonaic.

Pretlow is hoping that his bill will define poker, such as Omaha and Texas Hold’em, as a game of skill and not of luck.

He is also hoping to raise over $100 million in license fees so that the New York State Gaming Commission can award 10 gambling licenses valued at $10 million each.

The new bill will also exclude “bad actors” which are the gaming companies which continued to operate despite the ban by the passage of the Unlawful Internet Gambling Enforcement Act (UIGEA) introduced by the Bush administration in 2006.

Pretlow’s new bill also aims to combine online poker player pools in New York with other regulated states such as Nevada and Delaware. This new collaboration is expected to materialize later this year.

To date, New Jersey has not signed to be included in this scheme, despite the fact that they are the only other state with regulated Internet gambling and poker.

If either bill is approved, New York is likely to become the hotspot of expanded gambling. To ensure New Yorkers stay loyal to their local casinos, a handful of land-based casinos are likely to be constructed in the city.

Should online poker be approved, New Yorkers will also be able to enjoy wagering for real money online.

OCA News Editor

Jenny McKinnley is OCA’s financial correspondent. After spending years on the trading floor in both NY and London, she offers insight from the inside out on world financial news and events.