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New York On Track to Legalize Online Gambling

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Online gambling is slowly gaining popularity in different parts of the world. More countries across the globe are opening up to online gambling.

This has led to the tremendous growth of the online gambling sector. However, in New York, things are different. Unlike other states in the US, New York has not fully made progress when it comes to online gambling.

They are still lagging behind other states, and this has limited its progress. It is no secret that there are plenty of racetracks and land-based casinos in New York. But, its elected representatives have not yet legalized online gambling, and this has New York missing out on millions of dollars online gambling can contribute in terms of revenue.

This begs the question, when did this reservation start? The reservation of New York legislatures begins way before the emergence of online gambling.

The History of Online Gambling in New York

When it comes to gambling, New York State is a pioneer but not in the most positive way. The reason why they were a forerunner in gambling is that they banned gambling constitutionally first in 1821 and set a pace for more gambling bans in the state. The other gambling bans came in 1864 and 1894.

This heralded the start of gambling prohibition, which lasted until the late 1930s. This prohibition made gambling take on a different phase and scale during the 1930s era.

One of the massive changes was the beginning of underground casinos run by the Mob or “families.” This went on for quite a while until the government finally decided to legalize horse racing.

Horse racing was the first legal form of gambling in New York. In line with other states, horse racing in New York was either in the form of polled betting systems or track bets.

Over the years, New York has allowed racing tracks to use Simulcast systems—this system shows horse races from different tracks all over the US and It also offers visitors gaming machines.

With these improvements, horse racing tracks slowly became popular entertainment venues. Over time, other gambling ventures gradually became popular.

In 1957, bingo games became legal. This was followed by the legalization of the lottery in 1996 and Charity gaming in 1970, but the breakthrough for poker and casinos came much later.

The legalization of casinos and poker games began when casinos located on tribal lands were given the opportunity to operate table and slot games.

This legalization eventually led to an increase of casinos with more choices for games for gamblers to play. However, over the years, the Indian tribe casinos slowly became commercial ones.

This led the legislation to pass a law in 2013 that enabled several casinos to open in New York. Despite the progress, New York has made online gambling is still not quite popular.

These laws also come with restrictions that do not allow players to participate in any form of criminal sanctions. The state now monitors and regulates gambling and no tolerance, especially for any type of illegal gambling. 

The Current State of Online Gambling in New York

As mentioned, New York is not opposed to land-based gambling like horse racing, lotteries, and offline casinos. It is still, however, opposed to online gambling. Could there possibly be a major change happening in the future?

There might be a light at the end of the tunnel for the legalization of online gambling in New York. One of the ways this is possible is if Joseph Addabbo Jr – a New York senator – can prove that the demand for sports betting is growing within the state. This helped convince the Senate on the importance of sports betting.

And it immediately led to the passing of the bill. This bill allowed for the expansion of casinos in terms of their mobile and online betting services. With this in motion, New York can finally start tapping into the revenue that comes from mobile sports betting.

This bill also makes it possible for the Senate to address issues like problematic gaming, the development of credible gaming industries, and the satisfaction of the constitutional requirements.

To facilitate the search of evidence, the senator is using the New York Gaming Commission to acquire information. The commission is looking into research firms to help expand their gaming study as well.

This will help evaluate how much New Yorkers would love to see the expansion of online gambling. The study will not only focus on the impact of sports betting in New York but also on a wider scale.

With this bill still facing opposition, it might take some time before online gambling can become a reality in New York. Some of the arguments raised include the lack of measures to tackle online gambling. With several measures in place, this no longer has to be an issue. With the history of unfriendliness to gambling, New York might take some time to legitimize online gambling.

Mike Tan From Online Casino Gems believes that the legalization is definitely on its way. “The state of New York has been in denial for too long. Their players continue to siphon off to New Jersey, especially those in NYC. As New Jersey continues to show tens of millions in taxable revenue each month, New York legislations are under pressure to get onboard. And they will.”

As much as we agree with Mr. Tan, one thing remains certain: whether New York will legalize online gambling is a difficult thing to say. On the one hand, gambling laws are more liberal than before. On the other hand, crackdowns against illegal online gambling are still a part of the process.

In Closing

Whatever the future may be, understanding the law is essential. After all, nobody wants to be prosecuted for enjoying a game of online poker.

This will make it quite easy for gamblers to know whether they are breaking the law. Although with the passing of the evidence bill, things are looking better for online gambling companies.

The more the State warms up to the idea of online gambling, the more their market will grow. It’s all a matter of taking it one step at a time and being hopeful.

This could create a massive shift in terms of lawmaking. Eventually leading to the legalization of online gambling. However, for the most part, we will just have to wait and see the outcome.

The idea of Bigtime Daily landed this engineer cum journalist from a multi-national company to the digital avenue. Matthew brought life to this idea and rendered all that was necessary to create an interactive and attractive platform for the readers. Apart from managing the platform, he also contributes his expertise in business niche.

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Remote Professionals Getting More Value for Their Work Thanks to Borderless Banking

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Not too long ago, the idea of working remotely from an island in Thailand or a co-working space in Berlin sounded like the kind of fantasy only tech moguls or backpacking freelancers could afford. 

Fast forward to today, and it’s as good as a global reality. Millions of professionals have cut the cord from traditional office life in exchange for flexibility, freedom, and a work-life balance that fits their personal rhythm and not their employer’s timezone.

However, as remote work has reshaped how people earn a living, it’s also pointed out the existing limits to most of the world’s financial systems. Traditional banking simply wasn’t built for a workforce that’s always on the move, operating in multiple currencies, and getting paid across borders. 

Thankfully, that’s where borderless banking like Black Banx have proven vital, and has quietly transformed the way money is managed for people vacationing and working overseas alike.

The Rise of the Remote Work Economy

Remote work isn’t just a pandemic-era trend that faded with Zoom fatigue—it’s become a defining feature of the modern workforce. A recent survey revealed that over 39% of Gen Z and Millennials planned to live and work abroad for extended periods this year, many staying six months or more in a single location. That’s beyond a short trip, and can be considered as good as a sabbatical with a substantial lifestyle shift.

According to recent estimates, the digital nomad economy now also contributes as much as US$787 billion annually to the global economy. And this isn’t just entry-level gig work. A third of digital nomads earn between US$100,000 and US$250,000, while another third take in US$50,000 to US$100,000 annually. 

It is indeed evident that the manner in which many make a living has changed. Unfortunately, most financial systems haven’t kept up.

Where Traditional Banks Are Still Falling Short

For those who have ever tried to open a bank account abroad or receive payment from a foreign client, they already know the drill: the paperwork is endless, delays are frustrating, and the fees? So much to do, even for the smallest amounts of money.

Just to name few of the hurdles remote workers still face with conventional banking:

  • Account setup restrictions: Need proof of residence, tax IDs, or a local job offer—things many digital nomads simply don’t have.
  • Slow international transfers: Payments can take days to process, which is a nightmare when rent’s due.
  • High foreign exchange fees: Currency conversions often come with steep, hidden costs.
  • Limited multi-currency support: Most banks still force users to operate in a single currency, making financial planning chaotic at best.

And perhaps most tellingly, many banks have digitized their operations but haven’t personalized their services. According to Accenture’s 2025 Banking Trends Report, while digital transformation has improved efficiency, it often sacrifices the customer experience. That’s not great news for people who live outside the lines.

Borderless Banking for Professionals Across the Globe

The concept of borderless banking goes far beyond wiring money internationally. Fundamentally, it’s also about being able to eliminate the friction between people and their money, no matter where they are in the world, and maintaining an ecosystem where geography, bureaucracy, and currency don’t stand in the way of financial freedom.

A working example of this is Black Banx, a Toronto-based fintech founded by German billionaire Michael Gastauer. Since launching globally in 2015, it has grown to serve over 78 million clients in 180+ countries as of Q1 2025, proof that people take to digital banking solutions when it is accessible, affordable, and is useful in just about any locale.

In the first three months of this year, Black Banx had also earned US$4.3 billion in revenue and US$1.6 billion in pre-tax profit, more than double from the same quarter the previous year and showing it has consistently delivered tangible value to global customers—remote professionals included

How Borderless Banking Maximizes Value for Remote Workers

1. Instant Account Access—No Strings Attached

The times of hunting down local branches or collecting endless documents just to open an account are finished. With borderless banks, users can open an account in minutes using just a photo ID—no proof of address or income required. That’s a lifesaver for anyone living outside their passport country or hopping from one location to another.

2. Multi-Currency Mastery

Managing money in multiple currencies used to mean juggling several accounts—or worse, losing money on conversions. Borderless platforms like Black Banx support 28 FIAT currencies and allow real-time currency conversions at competitive rates. That means remote workers can:

  • Invoice clients in one currency
  • Spend or save in another
  • Hedge against local currency fluctuations
  • Avoid excessive conversion fees altogether

3. Seamless, Real-Time Global Payments

Getting paid late, or paying others late, isn’t just inconvenient; it can damage relationships and disrupt your cash flow. With real-time payment support, remote workers can receive funds instantly, no matter where their clients are. This is particularly valuable for freelancers and entrepreneurs juggling multiple contracts across time zones.

Plus, bulk payment features and API integration streamline processes for those running teams or businesses.

4. Built-In Crypto Options

It isn’t surprising that many digital nomads are already deep into crypto. Whether it’s for investment, faster transactions, or avoiding traditional finance red tape, crypto is becoming essential.

Since 2016, Black Banx has allowed users to send, receive, and convert crypto (like BTC and ETH) within their accounts. That integration saves users from having to manage separate crypto wallets, and adds another layer of flexibility to their financial toolkit.

5. Secure Transactions

Remote workers often log in to work from cafés, coworking spaces, and airports, to name a few. Of course, this flexibility of being able to work almost anywhere should never come at the cost of security. Borderless banks like Black Banx use end-to-end encryption, AI fraud detection, and two-factor authentication to keep accounts safe from risky elements.

Financial Freedom, Not Just Convenience

Perhaps the most overlooked benefit of borderless banking is the freedom it provides. Not just to access money, but to fully participate in the global economy. For millions of professionals in underbanked regions like Africa, Latin America, Southeast Asia, borderless banking has become a gateway to financial inclusion and a way to take on opportunities that typically wouldn’t be available to them if not remote.

By removing barriers to entry, platforms like Black Banx empower underserved individuals to both take control of their finances and increase their earning power by working with companies from higher paying markets. This democratization of finance isn’t just good for individuals, it’s good for the global economy as a whole.

As Black Banx CEO Michael Gastauer put it: “Our multi-currency solutions enable businesses to tap into global talent without worrying about payment complexities. We make cross-border transactions as seamless as local ones.”

The Road Ahead

By 2030, the number of digital nomads worldwide is expected to soar past 60 million, according to the Forbes Technology Council. That means tens of millions of workers will be navigating foreign currencies, time zones, and financial systems—all while expecting the same seamless experience they’d get at home.

Indeed, remote professionals aren’t just looking for places to work—they’re looking for systems that work for them. In a lifestyle built on flexibility, traditional banking is proving too rigid, too slow, and too expensive.

Borderless banking services like those offered by the likes of Black Banx, on the other hand, offer exactly what today’s global workforce needs: instant access, multi-currency support, real-time payments, crypto integration, and enterprise-level security—all in a streamlined experience.

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