Jan 06, 2021 Governor Andrew Cuomo is finally making online sports betting in NY a priority in 2021. The economic hardship that the state is facing needs to be addressed one way or another. Jan 08, 2021 “New York has the potential to be the largest sports wagering market in the United States, and by legalizing online sports betting, we aim to keep millions of dollars in tax revenue here at home.
Time is running out for New York to legalize online sports betting in 2020.
Assemblyman Gary Pretlow said no plans were made to pursue a revenue bill in a phone call with the Assembly Speaker and the Democratic caucus on Tuesday.
However, Pretlow and Sen. Joseph Addabbo Jr. are holding out hope for the legislature to include online sports betting in a revenue bill this year.
Pretlow and Addabbo took part in a panel discussion at the Betting on Sports America digital conference. They were joined by Tioga Downs owner Jeff Gural in a conversation moderated by John Pappas, CEO of Corridor Consulting.
New York casinos back down on demand for single skin
Sports betting language currently being considered in the New York legislature limits each casino to one online sports betting platform. Including gaming tribes, this would cap one of the largest markets in the nation at seven wagering apps with the potential to hit 10 when downstate casinos are added.
Jomkiss app. Pretlow has advocated doubling that total with two skins, but he found resistance from an unexpected source – the casinos themselves.
Gural, who previously admitted to PlayNY that the casinos were lobbying to keep it to a single skin, now says they are flexible.
“I think the casinos would go along with whatever the state wants to do,” Gural said. “This is an emergency. While I personally think we’ll all be better off with one skin … whatever the governor and legislature think is best for the state of New York, we’d go along with it. Our position has changed a little bit. … If Gary, Joe and the governor think it’s important to have two skins, we’re not going to object.”
Facing a large budget deficit, New York could raise an additional $120 million with 10 more online licenses, along with a likely boost in tax revenue.
Legislature will not override governor on sports betting
In last month’s election, Democrats grabbed a super-majority in both New York legislative chambers. That means that the Democrats have enough votes to override any veto from the governor.
That generated some speculation on if the legislature would overrule a veto on online sports betting. Gov. Andrew Cuomohas long spoken out against New York allowing sports betting online.
But Addabbo said he doesn’t see the legislature turning on a governor from its own party. The governor also has to work with Cuomo on many issues more important than sports betting.
New York Online Sports Betting Legal
“Overturning a veto is not really something we want to do,” Addabbo said. “We want to work with the governor’s administration so we can all be on the same page moving forward. It’s confrontational overriding a veto, because after that the governor is not going to look at sports betting very favorably.”
Strong chance for budget effort if not in revenue bill
If New York does not do a revenue bill that includes online sports betting by the end of the year, Pretlow said he is confident that the Assembly will join the Senate in including it in their 2021-22 budget proposals. That would put pressure on the governor to allow online sports betting to make the next budget.
“I’m pretty sure that if we don’t do a revenue bill by the end of December, when the governor submits his budget, the Assembly and the Senate will both include sports betting as part of the revenue package,” Pretlow said. “Last year, the Senate did it. The Assembly did not do it. This year, I’m pretty sure the Assembly will do it. I have enough of my colleagues. They know that we need the money, that there will be revenue deficiencies next year as compared to this year.”
Addabbo stressed that he doesn’t want New York to wait those extra four months to legalize online sports betting.
“I really want to do it by the end of the year because we really need the revenue,” Addabbo said. “… If it’s in the budget in April, we’ll miss out on sports betting for the Super Bowl and March Madness. I’d like to do it sooner rather than later.”
The history of all major sports run through New York.
From the most decorated MLB franchise in the New York Yankees to storied organizations such as the New York Knicks of the NBA, the Empire State takes claim to 10 teams across the four major professional leagues in North America.
Now, folks in New York can legally bet on those franchises — at retail sportsbooks, at least.
New York Online Sports Betting
As it has been since 2019, when regulated brick-and-mortars began cropping up in New York, legal wagering in the state is limited to physical sportsbooks located at four commercial casinos and seven tribal casinos.
Lawmakers and stakeholders have long fought for the addition of online sports betting in New York. To this point, though, each attempt has been rebuffed, thus creating quite the restriction on the industry.
Free slots mobile. Not all is lost for bettors in the state, however. Nearby New Jersey boasts a host of betting apps that New Yorkers can download at home before using to place wagers while physically located in the Garden State.
Certainly, though, the fight to integrate NY online sports betting will continue — hopefully with a happy ending.
Sign up at these online sportsbooks in NY and bet in NJ
Ny Mobile Sports Betting Legislation
