Senator Joseph Addabbo, chair of the New York State Senate Racing, Gaming, and Wagering Committee, is pushing for a ban on sweepstakes casinos due to a loophole that allows these offshore platforms to operate without regulation. These casinos primarily target vulnerable groups, notably youth, by offering casino-style games in exchange for purchasing virtual Gold Coins, which can be redeemed for cash prizes through a complicated system. Addabbo emphasizes the need for legislative action to prevent potential gambling issues arising from these unregulated entities, calling the practice a direct form of gambling.
One of my primary objectives as Gaming chair is ensuring New Yorkers are protected from gambling operations that have the potential of becoming more problematic without proper legislative action, such as unregulated sweepstakes casino operators.
Many sweepstakes' operators are located offshore, making enforcement limited or impossible, and our most vulnerable populations, youth and elderly, are most often targeted, which is why I want to act to address this existing loophole.
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