Online gaming is not included in New York's FY25 budget.

Governor Kathy Hochul's 2025 budget for New York, totaling $233 billion, excludes online gaming, impacting the state 2024 igaming prospects.

Despite Senator Joseph Addabbo's revised bill, Senate Bill S8185, focusing on online gaming with the addition of ilottery, Hochul budget does not incorporate igaming.

She includes a provision extending certain laws related to pari-mutuel, racing, wagering, and breeding for one year, despite achieving a $1 billion increase without raising income taxes.

 

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It is indeed disappointing to see that online gaming has been excluded from Governor Kathy Hochul's 2025 budget for New York. The budget, which amounts to a significant $233 billion, does not incorporate the provisions outlined in Senator Joseph Addabbo's revised bill, Senate Bill S8185, which specifically focuses on online gaming and even includes the introduction of ilottery.

This exclusion from the budget could potentially impact the state's prospects for online gaming in 2024. It is understandable that this may be discouraging for those who were hopeful for the advancement of online gaming in New York.

However, while online gaming is not included in the budget, Governor Hochul does include a provision that extends certain laws related to pari-mutuel, racing, wagering, and breeding for one year. This indicates that the state is still taking measures to ensure the continuation of existing gambling activities.

It is worth noting that despite not including online gaming, Governor Hochul's budget manages to achieve a $1 billion increase without resorting to raising income taxes. This highlights her commitment to fiscal responsibility and finding alternative avenues for revenue growth.

Nevertheless, the exclusion of online gaming from the budget may be disappointing to those who see the potential economic benefits and opportunities that online gaming could provide for the state of New York. It remains to be seen what future steps will be taken to address the issue of online gaming in the state.