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Place Your Bets; Mobile Sports Betting in NYS


Ann
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He'd still be against it, except the state needs the money.


Cuomo to fully embrace mobile sports betting in State of the State address
 

Gov. Cuomo is finally willing to wager on mobile sports betting.
 

The governor, who has long pushed back against legalizing online sports betting, will make the revenue-generating measure a central part of his policy proposals to be laid out in next week’s State of the State address.


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“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, which will only strengthen our ability to rebuild from the COVID-19 crisis,” Cuomo said in a statement.
 

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Mobile sports betting could be quite the boon to the Empire State. In November, New Jersey recorded a sports betting handle of $931.6 million, outpacing even Nevada and breaking a previous one-month record.
 

New Jersey sports books brought in $50.6 million in revenue and the Garden State recorded $6.2 million of that in taxes.
 

A recent industry survey found that nearly 20% of New Jersey’s sports wagering revenue comes from New York residents who cross into the Garden State to place wagers.

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While the governor has argued in the past that a new constitutional amendment would be needed before online sports betting could be legalized, his proposal will require mobile sports operators to be licensed by the state and partnered with a ‎licensed gaming facility.
 

It appears to mirror revamped legislation unveiled last year that would place the servers running the online operations at upstate casinos with currently approved physical sports books, which supporters say would be allowed under current gambling rules and regulations.
 

Under Cuomo’s proposal, the New York State Gaming Commission will issue a request for proposals to offer mobile sports wagering in the state.

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Just now, Whatnot78 said:

Gotta get those lost revenues back somehow


Crazy idea... allow businesses to open. :BubbleGum:

In any event, if people are simply crossing state lines and spending the money, then NYS probably should allow it. He said earlier he thought it would require a state constitutional amendment, so no idea what's changed.

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Just now, Ann said:


Crazy idea... allow businesses to open. :BubbleGum:

In any event, if people are simply crossing state lines and spending the money, then NYS probably should allow it. He said earlier he thought it would require a state constitutional amendment, so no idea what's changed.

 

What's changed is people fleeing NY for FL and the tax revenue decreasing.

 

When has the "ol Constitution" ever stood in his way?

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1 hour ago, DC Tom said:

 

His goal is to make everything droits de l'etat.

 

I wish you were wrong, but I doubt you are. 

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