NY S00988

Adds "poker tournaments" to the list of games of chance that authorized organizations can conduct under New York's Games of Chance Licensing Law.

Defines poker tournaments as contests where participants compete in board-approved poker games with placement determined by accumulated poker chips or elimination during play.

Limits admission fees to poker tournaments to a maximum of $100, with 50% applied to prizes and 50% retained by the authorized organization.

Exempts poker tournaments from standard prize limits that apply to other games of chance, allowing higher prize awards comparable to raffles and merchandise wheels.

Defines "one occasion" for poker tournaments as the period from commencement until a winner is determined or a pre-determined conclusion time is reached.