New York state Sen. John Bonacic (pictured left) has reintroduced an amended version of his intrastate online poker bill.
The new S 5302 bill is largely the same as the legislation Bonacic introduced in March 2014, with one notable exception. The ‘bad actor’ clause prohibiting the licensing of any operator or ‘significant vendor’ who took wagers from US residents after Dec. 31, 2006 has been expunged.
The bill would allow for a maximum of 10 licensed operators, each of which would pay a $10m upfront fee and a tax rate of 15% of gross gaming revenue. Licenses would be valid for a 10-year term. The bill also allows for the possibility of liquidity sharing with other like-minded states.
The bill has been referred to the Racing, Gaming and Wagering Committee, which Bonacic chairs. Sadly, New York appears no more prepared to move on Bonacic’s latest effort than it proved last year. Still, as that old High Hopes song observed, it takes a lot of headbutting to punch a hole in a dam, so Bonacic’s resolve is worth at least a golf clap or two.