New York Casinos
If you are an avid online gamer and are looking forward to making profits from gambling online then you must be aware of laws pertaining to online gaming in New York. Gambling has become a very popular past time for people across the globe. The business of gambling in the US is quite big and a lot of people have made huge profits through online gambling. However, there is one law for online gamblers in New York and one law for offline gamblers. This law has been in place since December of 2006.
Currently, online gambling is not really banned according to New York state legislation, but yet it is illegal to run an online casino without a licensed license. You will hardly find any online operators taking customers from the state before the new virtual lottery laws are introduced. The only game that is allowed is the online game of blackjack, video poker, roulette, baccarat and the like.
A lot of industry experts believe that the introduction of internet gambling in the near future will be very successful in New York. New York is home to more than five percent of the world population. In the next few years, the growth of online casinos in New York is expected to double. It is very possible that within a couple of years, online casinos in New York will be a significant source of revenue for the state.
Despite all of this, the New York State government has not approved the opening of any new regulated online casinos. The reason behind this is that the state government is concerned about the possible negative effects of new gambling opportunities on the tourism industry in New York City. In the previous years, a lot of people were employed by the land-based commercial casinos in New York City. The job opportunities in these companies were quite good, and many people had been looking forward to moving to New York in order to take up jobs there. Therefore, if the online casino games in New York to increase substantially, the number of unemployed people in the city will increase too.
As a result, the New York State Assembly passed a bill in January 2010 which prohibits both online and land-based casinos in New York. The law specifically states that no casino shall own or operate a website on New York soil. The restriction does not apply to internet gambling in general. However, all online casinos are still restricted from having any dealings with New York licensed brokers.
The main concern expressed by the New York State government is the “increase in tourism resulting from the opening of new casinos”. According to them, this will have a negative effect on the New York economy. They believe that the revenues from the online casino games will go to the New York residents and not to the residents of New York. This is why they are implementing the law strictly. This move was done in response to the complaint of some representatives of the New York gambling community.
The success of the online gaming industry in upstate New York is backed by several reasons. The first reason is the large number of people who visit New York every year. These people include tourists, business professionals, out-of-towners, and people living in New York itself. According to their estimates, more than 20 million people take part in the online casino gambling activities in New York every single day. All the casinos in upstate New York are constantly trying to attract these people to play virtual lottery and craps online.
Another reason why New York casinos are successful is because they have a lot of interesting locations. For example, the Turning Stone Resort Casino has become one of the most popular gambling destinations in the United States. The facility includes various attractions like hiking, boating, swimming, golfing, and fine dining. The hotel is located in New York City’s Central Park. The New York Stock Exchange is also located in the same city where the casino is located.