Inside Government with PoliticsNY: A Q&A with Chair of Senate Committee on Racing, Gaming and Wagering, Senator Joseph P. Addabbo Jr.

"Each year, New York State's horse racing and gaming industries contribute approximately $5 billion in revenue, most of which is used for educational funds. It funds local services and local non-profit organizations. They also provide over 30,000 jobs and, most importantly, credible, successful problem gambling addiction programs."

"For its residents, our state can always increase funding for and administer expanded gambling addiction programs. I am in favor of increasing the regulation of gaming in NY, such as with online gaming, to better provide a safer means of gambling to protect New Yorkers and assist them before an addiction occurs."

"As technology evolves on a daily basis, our racing and gaming industry can utilize tools, such as AI, to better prevent gambling addiction and create more successful programs to protect New Yorkers. Accessible regulated and authorized online wagering, such as with mobile sports betting, has not only grown with technology and raised over $2 billion for education since its inception in 2022."

New York's racing, gaming and wagering industry contributes approximately $5 billion in annual revenue, primarily directed toward educational funds, local services, and non-profit organizations. The industry supports over 30,000 jobs and maintains credible problem gambling addiction programs. Senator Addabbo advocates for expanded gambling addiction funding and increased regulation of online gaming to create safer gambling environments. Improved equine care standards in the racing industry remain a priority. Emerging technologies, particularly artificial intelligence, offer opportunities to prevent gambling addiction and enhance protective programs. Regulated online wagering, including mobile sports betting launched in 2022, has generated over $2 billion for education while providing safer gambling alternatives.

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