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A sweepstakes casino is an online platform where you play games like slots, blackjack, and roulette using virtual coins instead of real money. Gold Coins are for fun, while Sweeps Coins can be redeemed for cash prizes on some sites. The games do not offer “real money gambling” or an opportunity to win real money or prizes. Practice or success at social casino gaming does not imply future success at “real money gambling.” Blackjack is a much-loved card game available at all top casinos in the US.
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New York law prohibits online platforms from offering gambling that involves risking something of value, including virtual coins that can be redeemed for cash or prizes. Online sweepstakes casinos are not subject to audits and other regulatory oversight by the state to ensure that games are not rigged, putting New Yorkers at risk. Caesars Palace Online Casino offers more than 300 slots and a variety of table games, so it is a significantly smaller range than BetMGM.
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Other ‘no’ votes like Krueger, take issue with building more casinos straight up. None of the bill’s proponents spoke in support of the measure on the Senate floor. The state is anticipating $500 million from each of three new casino licenses it plans to dole out by the end of the year, including potentially to Cohen. Hochul has publicly refrained from weighing in for or against Cohen’s or other ongoing casino proposals, so it’s unclear if or when she may be motivated to act on the measure.
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