New York Lawmaker Continues Push for Legal iGaming Apps
State Senator Joseph P. Addabbo, noted supporter of gaming in New York, sees a future very soon where iGaming is legal and regulated in the state. Oodles of tax revenue could follow.
Senator Addabbo predicts legal iGaming in NY is only a matter of “when”.
Key Facts:
- Sen. Joseph Addabbo Predicts Legal iGaming Will Come to New York Eventually
- Senator has Long Supported Online Casinos in the Empire State
- FanDuel Opens Offices in Flatiron Building in NYC
Senator Joseph Addabbo, the biggest champion of licensed and regulated gaming in New York, told reporters gathered at a recent FanDuel event that the state will eventually legalize iGaming.
It’s not a question if, it’s a question of when and that’s when we’re really going to blow this out of the water.– Joseph P. Addabbo, NY State Senator (Democrat), at the June 23rd ribbon-cutting ceremony for FanDuel offices in New York city.
“We knew New York would do great in the market nationally, I want to congratulate you on carrying the ball across the goal line”, Addabbo said. “We’re not done, we want to expand FanDuel here with iGaming.”
FanDuel’s new New York offices are now in the famous Flatiron Building at 175 Fifth Avenue. The company, which offers sports betting in New York, employs approximately 800 people in the state.
Addabbo has introduced multiple bills in the state legislature that would have legalized online casinos. As of yet, neither of those pieces of legislation has reached a vote by either the Senate or the State Assembly.
Understandably, FanDuel is anxious for legal iGaming in the state. Across the U.S., FanDuel Casino challenges DraftKings, BetMGM, and Caesars for market share.
Industry News@FanDuel opens new offices in Flatiron District of NYC.
CEO Amy Howe: “We have over 800 employees who call New York home, and we look forward to continuing our investment in the state as the market leader in online gaming. ” pic.twitter.com/BdXHq0x0h1
— Bill Speros (@billsperos) June 23, 2025
FanDuel Sportsbook is the king of New York. In the last two years, the operator has recorded $2.1 billion in total handle in New York, the highest figure among sports betting apps.
New York is a golden goose of sorts for online casino operators. Based on state population, it’s estimated that New York could generate as much as $1.5 billion in tax revenue annually from iGaming. In 2024, the state gathered more than $1 billion in taxes from sports betting operators.
New York has one of the highest rates of taxation for online sports betting companies: 51% on gross gaming revenue. That ranks near the top for states with legal sportsbooks. It’s expected that Addabbo would recommend a significant tax rate for FanDuel Casino and other commercial iGaming apps.
Online casinos can generate much more tax revenue than sportsbooks because the win rate for the operator is much larger. Most sportsbooks report a hold percentage between 3-10%. An iGaming operator can have a win percentage five times that number.
