The bill would give the State Athletic Commission the jurisdiction to regulate professional MMA promotions, participants, bouts and exhibitions.
New York is still the only state to have a ban on professional MMA.
A 2013 study by HR&A Advisors, a real estate, economic development and energy efficiency consulting firm, estimates professional MMA events would bring more than $33 million in annual economic activity to Upstate New York.
The bill will now go to the State Assembly.
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