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GGPoker Adds More Variety to No-Strings-Attached “Daily Freebie” Promotion
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Verified players can continue to play a real-money game, such as Flip & Go and Spin & Gold, for free each and every day.One of the most popular promotions for low stakes players on GGPoker has been further expanded. During the software update on February 10, the Daily Free Spin promotion changed to Daily Freebie. Furthermore, UK players can now also claim the daily gift for a chance to boost their bankrolls. All players, both existing and new, just need to have verified accounts and log in each day to claim their gift, which lets plays play real money tournaments—and compete for real money cash prizes. The update has expanded what is given away. Now, there are Daily Freebie tickets for Flip & Go, the super-successful new format introduced in January 2021. It has also undergone some changes since its launch, with GGPoker increasing the frequency and adjusting the buy-ins as well as the maximum number of stacks for purchase. “GGPoker is happy to confirm that we’ve relaunched our Daily Free Spin offer as the Daily Freebie; verified players can continue to play a real-money game, such as Flip & Go and Spin & Gold, for free each and every day. All they need to do is log in and claim their daily reward!” said Paul Burke, Head of Public Relations at GGPoker. “We hope to continue to change up the rewards on offer in the future, giving all players the opportunity to try out GGPoker’s most exciting games, no matter their bankroll.” For existing players, Daily Freebie is available immediately—just log in and claim. If you haven’t yet signed up, you can do so today and enjoy the promotion as soon as you have verified your account. You can also take advantage of all of GGPoker’s generous welcome bonuses. How the GGPoker Daily Freebie Promotion Works The operator has seen unprecedented growth in 2020 to become one of the leading online poker platforms for tournaments and cash games. GGPoker has achieved that with a plethora of promotions, innovations, and high-profile partnerships. Their continued success has led to a record $7.5 million in promotions given away in February 2021. One of several promotions for players with smaller bankrolls is the Daily Freebie formerly the Daily Free Spin. This was launched on September 7, 2020. It has given verified players the opportunity to claim one $0.25 Spin & Gold ticket every day ever since. The free ticket courtesy of GGPoker continues to be available under the new name three times per week—*but this rotates with other ticket types.* Players can see the next six upcoming Daily Freebies listed under the “My Promo” tab. A new daily gift becomes available after each daily reset at midnight Pacific time. Each ticket will continue to feature an expiration date of 24 hours once the Daily Freebie has been awarded. The current rotation of Daily Freebie is fixed for the time being. However, GGPoker hopes “to change the daily prizes on a semi-regular basis,” according to Burke. He also hinted at a strong possibility that the Daily Freebie will include the alternative currencies C$ or T$ sometime soon. Newly included as a prize in the Daily Freebie is a $1 Spin & Gold ticket, which can be claimed once per week. Furthermore, five $0.05 Flip & Go tickets are up for grabs three times per week, giving players the chance at trying the new tournament format free of charge. As a mixture between a Flipout and regular tournament, Flip & Go was launched on January 12, 2021. However, it only took a few days for the first tweaks to be made. Initially slated to take place once every hour, it was soon increased to once every 30 minutes. The buy-ins were also adjusted and the lowest available stake was increased to $0.05 with a guarantee of $50. Players can now take a shot at their own leisure three times per week and enter this lowest tier with five stacks thanks to the Daily Freebie. Upon launch, the Flip & Go featured a maximum of 10 entries for each of the four stakes. However, that number has been adjusted recently and the stacks for purchase are now capped at a maximum of eight. This makes the bonus stacks based on the holdings during the Flipout stage more valuable in comparison. The overall feedback for the new tournament format has been very positive, as outlined by Burke. “Players love it! We have been very pleasantly surprised by the positivity seen across almost all feedback, of course not all players are interested in a new game type but those who have tried it have mostly good things to say about Flip & Go. We’ve also received some constructive criticism, which is also valuable.” Further tweaks to the Flip & Go format may very well possible, as GGPoker is constantly reviewing and optimizing its schedule. One such adjustment was made with the expansion of the popular Daily GGMasters earlier in February. The changes to the Daily Freebie promotion went live on February 10. All verified GGPoker players in eligible countries can claim their daily gift under the “My Promo” tab after each daily reset.

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Thousands of jobs available at tribal casinos
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With millions of Americans out of work, the first sign of a recovery has to be in new jobs coming on the market. The tribal gaming industry is doing its part, with several operators posting new jobs in the past few weeks.Seneca Gaming Corporation has lots of jobs available at the Seneca Niagara Resort & Casino in Niagara Falls and Seneca Buffalo Creek Casino in downtown Buffalo. The operator will be hosting a job fair for open positions on February 25 between 10:00am and 6:00pm.“Even with the changes and challenges everyone has gone through over the past year, Seneca Gaming Corporation has remained one of the largest employers in Western New York, and we are excited to be growing our team across a variety of departments,” said Meghan Smith, Seneca Gaming Corporation’s vice president of human resources. “We truly believe that the time we spend at work should be rewarding, fulfilling and fun. That’s how we approach our jobs every day. If people are looking an opportunity in that type of environment, we are ready to talk to them.”Attendees can check out what’s on offer in person or virtually, but should be ready for an interview at a moment’s notice.On the other side of the country, the San Manuel Band of Mission Indians are also on the look out for fresh talent. That operator has more than 500 jobs to fill, with as many as 2000 coming for the rest of the year. They’ll be having their virtual career fair on February 18 from 9:00am to 4:00pm.“The expansion of San Manuel will offer an economic boost to the local job market at a time when it is really needed,” said Brigitte Saria, Chief People and Infrastructure Officer. “Our efforts to boost the local economy are guided by our commitment to ensuring our employment process and work environment follow leading health and safety standards.”The Chukchansi Gold Resort and Casino in Coarsegold, California are also hiring. The tribe is looking for 50 full-time and part-time positions, and will have a job fair on February 23 from 10:00am to 1:00pm.Add those jobs to the 150 that Oneida Nation Enterprises were offering as of last week, and there’s a lot to be hopeful for about the future of the economy, and particularly that of tribal gaming.Connecticut tribes close to new dealGovernor Ned Lamont wants sports betting in his state, and he needs a new deal with the tribes to get it done. He used his budget address to emphasize the push:“My administration has been in active negotiations with our tribal partners to bring the state’s gaming economy into the digital age. And I am submitting legislation which reflects what I believe to be the best bet in ending this stalemate of inaction in a way which is in the best interest [of] the entire state.”Construction resumes at Four WindsThe Pokagon Band of Potawatomi Indians’ contractor recently resumed building a hotel at Four Winds South Bend Casino. Construction slowed down significantly due to Covid-19.The new 23-story hotel was originally due to be completed this year. But with construction crews only working on the foundation now after a 10-month delay, maybe 2022 seems more accurate.

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Did the next Macau bubble just start two weeks ago?
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The entire concept of a “bull market in stocks” makes little sense. Sound crazy? These days, certainly, because we’re always hearing about a perpetual bull market in stocks. Valuations increasingly disconnected from economic reality, asset bubbles in one class or another, armies of speculators moving like zombie hoards descending on the next fad and blowing it up to infinity and beyond, Buzz Lightyear-like.Why is the whole concept of a bull market generally, nonsense? Because if the value of everything is going up simultaneously, then nothing is going up. If everyone is a superhero, nobody is. If, in an imaginary economy, absolutely everything costs, say, $5, (labor, land, capital whatever) and then the next day everything costs $10, then what’s changed? The answer is absolutely nothing.The only thing that matters is relative valuations between asset classes. Let’s divide them into three of the most basic ones. Equities (stocks), bonds (debt), and commodities (consumer goods). If all three are going up in tandem, then there is no “bull market” in anything. If commodities are going up faster than stocks and bonds, you have inflation, or even hyperinflation. Ask anyone in Venezuela whether they care that their stock market is doing great, nominally. They don’t. They’re looking for their next glop of gruel or morsel of moldy bread to survive the day.But if stocks and bonds are rising and consumer goods are static to falling, you have a bull market in financial assets. This is where we are now. And boy are we really hard and deep into it now. Below is the ratio of the S&P 500 to the CRB Commodities Index.And I’ve got news for everyone. This bull market in stocks relative to consumer goods in dollar terms is already over. It ended almost a year ago. On April 20, 2020 to be exact. Red circle blowoff top above. That was when oil crashed to negative $35 a barrel and we all lived in an alternative financial freakhouse universe. But I have more news than that. This entire “bull market” in stocks has been one gigantic illusion from the very beginning. Stocks aren’t going up. They haven’t gone up for 21 years. Money is going down. Here is the graph of stocks relative to the prime monetary commodity, gold, over the same timeframe above.We can see here that from 1990 to 2000, we had a real bull market in stocks. Equities rocketed in gold terms and in terms of consumer goods generally. Everyone felt richer. Portfolios up, expenses down. But since that time, money has been dying at an accelerated pace and the standard of living has fallen.The bull market in stocks over the last 21 years has been an illusion, a tiny echo of the bull that ended at the turn of the century. We have spent the last 21 years trying to reinflate it, but gold has exposed the lie. We are now at the point where the illusion is about to collapse completely. In my view, we have only a few months left until it all hits the fan. Until then, the bubbles will keep coming in staccato frenetic fashion, moving from one asset class to another faster and faster, until we all get so dizzy we can’t follow it anymore. Last week I speculated that maybe the next target for the zombie hoard will be in penny gaming stocks. I was close. It’s in Macau stocks. It may already have started two weeks ago. The frenzy has started over news about China opening up again. I mean, just look at this crazy chart of the Macau proxy ETF:That last surge higher is just since February 1. We could be at the beginning of a crazy but brief ride higher in Macau stocks right now. New all time highs again, and Macau isn’t even fully open yet. The latest full month statistics for December show a 78.6% drop in visitors year over year. And yet we’re at new all time highs in these stocks already. It’s just completely crazy. I can understand the Macau opening up again trade, but to argue that this factor is being priced in at these levels, at new all time highs? As if none of this full year shutdown hurt any of the casinos fundamentally at all? That’s just totally bonkers crazy. It’s a reflection of the value of the currency these stocks are priced in, not the stocks themselves.What’s happening is that the zombie hoard of bubble chasers is reading the headlines regarding China starting to open up again, and they’re slamming buy orders and call options like they’ve been doing with tech stocks and Gamestop and BTC and all the other fads. We just got news out of Bloomberg that China’s Imax had a face-ripping rally due to exploding ticket sales. China is, indeed opening up, and the zombie hoard of speculators is now going to spray their money hoses at anything Chinese. Macau might be at the center of it.How high can this Macau bubble go, if that’s what we just saw start two weeks ago? The truth is, it doesn’t matter. If you get into it, you’ll get hooked and keep levering yourself up, counting your paper gains, unable to separate from them until you get caught in a vortex. At some point, my view this year, it’s all going to come crashing down when all the damage from 2020 is finally revealed all over the world. You can’t paper it over forever. The damage to Macau casinos doesn’t just go away. It festers in the form of more and more debt, and a damaged consumer base that can no longer patronize casinos in the way it once could. Festering wounds need the paper bandage removed and they need to be operated on. That is painful. And it’s coming.When we think of the word “bubble”, what are we really talking about? A bubble is something that looks, from the outside, to be really big and stable. The shape of it, a sphere, is the most stable shape in the universe. It’s why planets, stars, moons, and possibly even the spacetime continuum itself, spontaneously shape themselves into spheres. The force of gravity equalizes at every point on the sphere, forming equilibrium. Nature always seeks equilibrium. And so bubbles take on the illusion of stability, but unlike a real sphere, there’s nothing inside them. When they pop, they are gone almost instantly. This one is about to pop. Macau appears to be the next victim sucked up by the bubble. Macau will survive and rebuild. The question is, in what form? I wouldn’t take a bet the depended on me getting the answer to that question right.

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Richard Downey explains the power of the US sports betting market
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No one in the industry can underestimate the old fashioned values of building trust amongst customers. Richard Downey, Senior VP for Connections by the Specialist Works, understands that more than most. He sat down with Calvinayre.com’s Becky Liggero Fontana to share his insights on the U.S. sports betting market.Downey emphasized leveraging relationships from prior careers. “I was publisher of a magazine called Poker Player and I moved from there into the agency. I’ve been able to maintain an involvement in the gaming industry by having clients in the space,” Downey said.Downey is a firm believer that operators still require a that branding plays an integral part in building trust with customers in the highly competitive U.S. sports betting market. “In the gaming sector there is an element of credibility and trustworthiness that exists everywhere, but especially in the U.S. market. Getting access to online gaming in the U.S. market for the past period of time has not been completely legitimated. Gaming is being rebranded as mainstream entertainment and it’s really important that the brands that come through with it do a good job for the customers.”Downey pointed out that new operators have to consider the Vegas perceptions of gaming when it comes to brand marketing and alignment.“For a long time gaming has been synonymous with Las Vegas and therefore it’s completely logical that a lot of the Vegas gaming companies are using their brands to do that job of legitimization and credibility. If a gaming operator is trying to break into the mainstream market in the U.S. then I think having a credible brand behind you, either through brand recognition or through marketing is a good way of making people believe that you know that their gaming environment is a safe one,” he said.In the full interview, Downey gives advice for new operators for developing brand strategy in the U.S. sports betting market. And if you haven’t yet, watch all of our videos as they go up by subscribing to the CalvinAyre.com YouTube channel.

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Daily Cash Smash 2.0 Live Now At The Cash Tables On PokerBaazi
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Starting from 16th February to 28th February, PokerBaazi will be hosting the Daily Cash Smash! 13 Days, daily leaderboards and prize pool of INR 21.45 Lakhs! The players can grind any of the three (NLHE/PLO-4/PLO-5) cash tables and all the chips won from the leaderboards will be withdrawable (separate for all three variants)!  All players will have a chance to win from a daily prize pool of INR 1.65 Lakhs! All you have to do is play the cash tables between 10:00 AM – 4:00 AM!  The Daily Leaderboard prize pool  5/10 & 10/25 (Texas Hold’Em): Daily 8k Leaderboard 1/2 & 2/5 (Texas Hold’Em): Daily 4k Leaderboard 25/50 & 50/100 (Texas Hold’Em): Daily 12k Leaderboard 5/10 & 10/25 (PLO-5): Daily 6k Leaderboard 25/50 & 50/100 (PLO-5): Daily 15k Leaderboard 1/2 & 2/5 (PLO-4): Daily 2k Leaderboard 10/25 & 25/50 (PLO-4): Daily 8k Leaderboard It’s time to grind again on PokerBaazi, but this time, it’s going to have to be on the cash felts! Head over to the link below for more information about the Daily Cash Smash 2.0 and Leaderboards For more information about the latest poker promotions and poker news, keep reading PokerShots!  Post Views: 10

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Super Bowl Streaker เดิมพัน 50,000 ดอลลาร์ แต่ Bovada จะไม่จ่ายเงิน
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09: 1116 กุมภาพันธ์ Bovada ออนไลน์สปอร์ตบุ๊คอาจจะไม่จ่ายเงินรางวัลที่ยิ่งใหญ่ที่สุดเท่าที่จะเป็นไปได้ว่าสแต็คจะขัดขวางเกม Super Bowl LV ระหว่าง Kansas City Chiefs และ Tampa Bay Buccaneers หรือไม่หลังจากที่ไซต์พบว่า Streaker เป็นส่วนหนึ่งของทีมที่ ได้ทำการเดิมพันครั้งใหญ่กับเหตุการณ์ดังกล่าวที่เกิดขึ้นระหว่างเกม Yuri Andrade ชายชาวฟลอริดาวัย 31 ปีที่ขัดจังหวะการแข่งขันในช่วงสั้น ๆ ด้วยการวิ่งในชุดบอดี้สูทสีชมพูและกางเกงขาสั้นสีดำประกาศปรากฏตัวทางสถานีวิทยุ Florida Wild 94.1 ว่าเขาเป็นสมาชิกของกลุ่มที่เดิมพัน 50,000 ดอลลาร์ถึง Streaker ปรากฏขึ้น Andrade บอกกับผู้ชมในรายการว่าทีมของเขาล็อคการเดิมพันไว้ที่ +750 ทำให้ได้รับการจ่ายเงินสูงสุด อย่างไรก็ตาม Bovada ซึ่งเป็นเว็บไซต์การพนันในตลาดสีเทาที่ให้บริการในหลายรัฐของสหรัฐอเมริกาได้เรียนรู้อย่างรวดเร็วถึงการยอมรับของ Andrade ไซต์กำลังประสบกับ "กิจกรรมที่น่าสงสัย" ในแนวรับซึ่งอาจมีการเดิมพันมากกว่า 50,000 ดอลลาร์ ด้วยเหตุนี้ Bovada ได้ประกาศแล้วว่าจะคืนการเดิมพัน "ไม่" ทั้งหมดในขณะเดียวกันก็ตรวจสอบความถูกต้องตามกฎหมายของการเดิมพันทั้งหมดที่ "ใช่" ก่อนการจัดอันดับอย่างเป็นทางการ ตอนนี้ไม่น่าจะได้รับการเผยแพร่สำหรับ Bovada อย่างไรก็ตามแม้ว่าไซต์จะเต็มใจที่จะประสบความสำเร็จทางการเงินเล็กน้อย สาย Bovada ปรากฏอย่างเด่นชัดทั่วโลกการพนันกีฬาของสหรัฐอเมริกาทั้งในการถ่ายทอดสดและในสิ่งพิมพ์สดและออนไลน์และด้วยเหตุนี้ไซต์จึงยังคงอยู่ภายใต้แรงกดดันอย่างรุนแรงจากตลาดที่ได้รับอนุญาตและอยู่ภายใต้การควบคุมของสหรัฐฯ อย่างน้อยที่สุดเหตุการณ์นี้มีแนวโน้มที่จะทำให้ Bovada พิจารณาข้อเสนอการสนับสนุนประเภทนี้อีกครั้งซึ่งมีโอกาสที่จะขัดขวางการแข่งขันกีฬาที่สำคัญ "ผู้เล่นของเราไว้วางใจเรามาโดยตลอดเพื่อให้มั่นใจในความสมบูรณ์ของการสนับสนุนทั้งหมดที่มีให้ในสปอร์ตบุ๊คของเรา" Bovada กล่าว "เราจะดำเนินการต่อเพื่อให้แน่ใจว่ากลเม็ดการโฆษณาหรือการประพฤติมิชอบใด ๆ จะไม่ส่งผลเสียต่อผลลัพธ์ของการเดิมพันของผู้เล่น" นี่คือ ไม่ใช่ครั้งแรกที่ไม้กายสิทธิ์นำเสนอเรื่องราวการพนันออนไลน์: ประมาณ 20 ปีที่แล้วเว็บไซต์คาสิโน GoldenPalace.com ชนะการโฆษณาโดยการลงทุนในกิจกรรมแปลก ๆ ทุกประเภทรวมถึงการสนับสนุนกิจกรรมต่อเนื่องของ Mark Roberts ในงานต่างๆเช่น Super Bowl XXXVIII ในปี 2004 Roberts ได้รอยสัก GoldenPalace.com ชั่วคราวระหว่างการเดินทางซึ่งเป็นเพียงส่วนเล็ก ๆ ของแคมเปญการตลาดแบบกองโจรที่แปลกประหลาดของไซต์

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Sponsors of NY sports gambling increasingly optimistic on 2021 launch
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After New York Governor Andrew Cuomo finally admitted in December that expediting sports gambling activity in the Empire State would be a good thing, those who have been supporting the idea for the past couple of years found renewed hope in achieving their goal. Senator Joseph Addabbo and Assemblyman Gary Pretlow have been trying to get the state to speed up its rollout of sports gambling, but Cuomo repeatedly made it difficult. Now, facing a massive budget pothole, Cuomo has opened his eyes to reality and Pretlow is optimistic that the governor’s change of heart is going to help New York see sports gambling appear before the end of the year. Cuomo, who has repeatedly come under fire for decisions that didn’t seem to be in the best interest of New Yorkers, was adamant that introducing more sportsbooks would be counterproductive and that online sports gambling, in particular, would require an amendment to the state’s constitution. However, he has completely changed his tune lately as he stares down at a multibillion-dollar budget shortage. Sports gambling and marijuana are seen as a way to offset those losses, and Addabbo is thankful. He recently told Casino.org, “I remain optimistic that should it be in the budget April 1st, with a little initiative, our state government can get it up and running by Sept. 9th, which is the first day of the NFL football season.”New York has missed the boat when it comes to the potential revenue sports gambling could bring. The state has four sportsbooks, all upstate, that combined for $3.6 million in revenue this past January. Indiana, in the same month, saw $29.3 million in sports gambling revenue, and the state is only about one-third the size of New York in terms of population. At any time since legislation was approved in New York to allow sports gambling, the state could have expanded the number of approved operators, which would have gone a long way to combatting the fallout from the COVID-19 pandemic. Fortunately, New York hasn’t reached the point yet of being completely unstable. Addabbo believes, with the right mechanics, the state can get back on track, but adds, “We’re that car in the right lane with four wobbly wheels, and we’re limping along. And these other fast cars like (New) Jersey and Pennsylvania are whizzing by us. That’s an odd spot for New York to be in.”Based on the senator’s proposal, which is still deep in negotiations, New York sportsbooks would pay 10% in taxes. Previous studies have shown that the local market could be worth as much as $1 billion a year, which would result in $100 million a year in tax revenue for New York. That alone should be enough for lawmakers to take the issue more seriously, especially considering New Yorkers are already heading across borders to place their bets. Addabbo knows that there’s still work to be done, though, and asserted to Casino.org, “I think that’s all part of the budget negotiations. How many skins and the license fee and the tax rate that is all part and parcel of the budget negotiations. It’s all part of the discussions that we’re going to have, and that’s where we’ll have to come to some agreement.”

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Monday Majors: Singh Wins Adda52’s Iron Man To Capture His 4th MTT Title Of 2021; Roy Wins Voyager!
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After a smashing Sunday, the action slowed down a little on Adda52.com. Headlining the Monday action on the site was the 8 Lac GTD Iron Man sporting a buy-in of INR 2000. Running as part of the site’s 18 Crore GTD ‘Fast & Furious February’, the marquee tourney pulled in 356 entries by the time late registration closed. After almost six and a half hours of intense play, it was the former GPS Melbourne winner, Deepak “peacelover” Singh, who outlasted the competition to win INR 2 Lac and his fourth MTT title of the year. The anonymous “foldkardunga” finished runner-up for 1.21 Lac. Total Entries – 356Prizepool – 8 LacPlaces Paid – 38Min Cash – 4800 Abhijeet “2abhisingh” Kumar (3rd for INR 88,000), Parth “punit7690” Aggarwal (4th for INR 64,000), Uttam Kumar “chinunew” Sinha (7th for INR 24,000), and “iamaluksack” (8th for INR 20,000) were the other notable online regs who ended their run at the final table of the flagship tourney on Adda52. 2.75 Lac GTD Voyager The other major tourney running as part of ‘Fast & Furious February’ was the 2.75 Lac GTD Voyager that logged in 273 entries to meet its specified guarantee. This month’s Maverick winner, Vaibhav “vroy219” Roy shipped it to win INR 71,500 and his second MTT title of the year on Adda52. He eventually outlasted “smr1g10” in the heads-up who banked INR 42,625 for his runner-up finish. Total Entries – 273Prizepool – 2.75 LacPlaces Paid – 27Min Cash – 2475 Harsh “harsh1327” Bubna (4th for INR 23,375), Siddharth “gabandheer” Pandey (7th place for INR 8,938),Yash “yosher” Jain (8th for INR 6,875) were the other notables who final-tabled the tourney.

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Addabbo Confident New York Mobile Sports Betting Can Launch This Year
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Posted on: February 15, 2021, 10:16h.  Last updated on: February 15, 2021, 10:32h. Steve Bittenbender Read MoreNew York state Sen. Joseph Addabbo, Jr. (D-Queens), the lawmaker spearheading the push for the Empire State to embrace mobile sports betting, doesn’t just believe the state legislature will pass a bill soon to expand sports betting in the state. New York state Sen. Joseph Addabbo Jr. takes part in a swearing-in ceremony for his seventh term last month. Addabbo is a leading lawmaker pushing to legalize mobile sports betting in the state. (Image: NYSenate.gov)He also believes the first bets could take place later this year.“I remain optimistic that should it be in the budget April 1st, with a little initiative, our state government can get it up and running by Sept. 9th, which is the first day of the NFL football season,” Addabbo told Casino.org in an interview.It’s been nearly three years since the US Supreme Court opened the door for sports betting nationwide. New York did take advantage and approve retail licenses for its four upstate casino resorts. In addition, Class III tribal casinos are also allowed to offer sportsbooks on their properties.However, analysts and observers point out that New York misses out on a significant revenue stream since it does not allow mobile applications.For example: According to the New York State Gaming Commission, the four retail sportsbooks in the state generated revenue totaling nearly $3.6 million in January. Over the same month, Indiana – a state with roughly a third of New York’s population – saw its mobile and retail operators earn $29.3 million in taxable revenue.The senator said New York usually leads the way when it comes to state policy.“We’re that car in the right lane with four wobbly wheels, and we’re limping along,” Addabbo said. “And these other fast cars like (New) Jersey and Pennsylvania are whizzing by us. That’s an odd spot for New York to be in.”Sports Betting Part of NY Budget TalksA recent study by Spectrum Gaming estimated that mobile sports betting could generate more than $1 billion in gross revenue for New York operators. If the state sets the tax rate at 10 percent, that would mean more than $100 million in annual revenue.Addabbo’s bill, Senate Bill S1183, as well as legislation sponsored by state Assemblyman Gary Pretlow (D-Mount Vernon), sets the rate an 8.5 percent. However, that rate, like other portions of the bill are open to negotiation, the senator said.The senator also noted that the original sports betting bill he filed a couple of years ago gave each casino one skin. Now, the bill offers them two, which means a potential of 14 skins, or mobile operators, for the state once the three downstate casinos are awarded.I think that’s all part of the budget negotiations,” Addabbo told Casino.org. “How many skins and the license fee and the tax rate that is all part and parcel of the budget negotiations. It’s all part of the discussions that we’re going to have, and that’s where we’ll have to come to some agreement.”Still, time is of the essence.April 1, the start of New York’s budget year, is just 45 days away as of Monday. While that’s six and a half weeks, as Gov. Andrew Cuomo told reporters Monday, “in government, 45 days is a blink of an eye.”Addabbo Concerned State-Run System Can’t Meet DemandThe good news is that Cuomo is on board with expanding sports betting in the state to include online applications. The bad news is, his vision for sports betting varies significantly from that of Addabbo and Pretlow. Those lawmakers chair the gaming committees in the respective chambers.Both lawmakers’ bills call for New York to operate sports betting like New Jersey, Pennsylvania, and Indiana. Each of the state’s casinos currently would get the chance to partner with two mobile operators.Cuomo, though, wants the state to be in more control. He wants a system more like the lottery allowing the state to derive more of the revenue. That approach resembles what Rhode Island, Montana, New Hampshire, Delaware, and Oregon have implemented.As Addabbo indicated, though, those states combined have a smaller population than New York.“I’m concerned about New York having a product that can handle the volume and the growing, expanding the market,” Addabbo told Casino.org.He also noted that Oregon leaders are already having second thoughts about their lottery-managed sports betting product.Just last month, Gov. Kate Brown requested that the state’s legislature take up a bill allowing the Oregon Racing Commission to regulate sports betting and grant licenses.“So, if it’s not good enough for Oregon, I don’t think it should be good enough for New York,” Addabbo said.

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