On Monday, January 28, a New York State Gambling Commission meeting with six board members approved sports betting regulations for the entire state. This approval helped removed sanctions so sports betting operators can obtain the proper licenses for the four major casinos in Upstate, NY.
Although these laws were already on the books in 2013, it has taken the state nearly seven long years to enforce them fully. Just a couple of weeks ago, Governor Andrew Cuomo announced during the State of the State Address authorizing passing sports betting regulations.
Cuomo believed, however, that the state’s constitution needed to be amended for mobile sports betting to become legal, but the state’s Senator disagreed with that assessment. However, since the approval was granted, there is a 60-day public comment where members of the community can voice their concern about the situation.
New York’s next-door neighbor New Jersey made approximately $1.2 billion in sports betting wages in 2018 and earned $94 million in revenue from in-person sports betting. Some people believe that a part of that profit came from New York residents visiting Atlantic casinos to place their in-person sports bet wagers. Although the authorization is already in place for New York, the Gambling Commission needs to create a framework that allows casinos to offer sports betting legally.
Once the framework is created, and the laws entirely pass, the following major casinos could start taking sports bet wagers:
- Del Lago Resort & Casino
- Tioga Downs Casino
- Resorts World Catskills
- Rivers Casino
The named casinos will partner with the following sports betting operators:
- DraftKings (Del Lago Resort & Casino)
- FanDuel (Tioga Downs Casino)
- Rush Street Interactive (Rivers Casino)
- Bet365 (Resorts World Catskills)
All the major Upstate casinos need to pay an “integrity fee” to the leagues to operate. Another problem is that there was no mention of mobile sports betting app, which confuses people.