Since the death of PASPA in 2018, more than 20 states have advanced legislation to introduce sports gambling.\u00a0 New York had all of the pieces in place even before then, having approved legislation in 2013.\u00a0 The framework was added in 2019 to allow land-based sportsbooks, but online alternatives were put on hold. \u00a0 It wasn\u2019t until after the COVID-19 pandemic decimated the state\u2019s wallet that Governor Andrew Cuomo backed off his anti-online gambling position, but things aren\u2019t moving quickly.\u00a0 Despite some states being able to create legislative frameworks for sports gambling in a few short months, New York is still behind.\u00a0 A discussion on the topic yesterday shows how the increasing frustration in the state with its inability to make real progress with online sports gambling.<\/p>\r\n\r\n\r\n\r\n
The Government Law Center at Albany Law School presented a podcast yesterday, The Future of Sports Wagering in New York, to address what is occurring with New York\u2019s sports gambling efforts.\u00a0 Former Deputy Secretary for Gaming and Racing Bennett Liebman was present, discussing the history of how gaming has developed in the state and where the topic stands ahead of the March 30 budget deadline.\u00a0 Standing out in the discussion was the continued debate on how the sports gambling market should be managed and how this is preventing forward movement.\u00a0<\/p>\r\n\r\n\r\n\r\n
Cuomo had repeatedly asserted that online sports wagers weren\u2019t possible since only a constitutional amendment could allow the activity.\u00a0 Looking at a budget deficit that reaches into the billions of dollars, he suddenly changed his mind.\u00a0 However, he is still adamant that his way, allowing only the state to run sportsbooks, is the right way.\u00a0 This would keep casinos out of the picture and is causing friction among lawmakers, many of whom want to get sports gambling settled before March 30.<\/p>\r\n\r\n\r\n\r\n
The governor hasn\u2019t been able to show lawmakers that his version is the better option and has been elusive on many aspects of how the market would be managed.\u00a0 According to Shanna Cassidy, Committee Director of the Racing, Gaming & Wagering Committee of the New York Senate, \u201cIn our bill, we have about a 20-month span where all entities can come in whether it be racetracks, arenas, stadiums.\u00a0 There is a lot of the unknown in the details in [Governor] Cuomo\u2019s proposal.\u201c<\/p>\r\n\r\n\r\n\r\n
Cassidy was referring to S 1183, a bill drafted by Senator Joseph Addabbo Jr.\u00a0 It has received substantial support from sports gambling operators and some of the state\u2019s tribal nations, but stalls because of the governor refuses to budge.\u00a0 Just as Cuomo kept online sportsbooks away for years, he is now making it difficult for New York to settle on a mutually acceptable alternative.<\/p>\r\n\r\n\r\n\r\n
With some analysts predicting a market that could be worth as much as $1.14 billion in gross gaming revenue (GGR), introducing sports gambling would provide New York with a much-needed windfall.\u00a0 However, for some reason, Cuomo insists on using a failed system.\u00a0 States that have introduced a state-led sports gambling market have not produced the results expected, while others that have competitive markets, such as New Jersey and Pennsylvania, have been setting records with their revenue.\u00a0 The GGR forecast to come from an expanded sports gambling market in New York won\u2019t be able to cover the entire $9 billion the state needs to break even, but it would certainly make a post-COVID-19 recovery easier.\u00a0 With less than three weeks to go before the budget deadline, New York needs to make sports gambling legislation a priority, or the state is going to fall further behind economically.\u00a0\u00a0<\/p>\r\n","protected":false},"excerpt":{"rendered":"
Since the death of PASPA in 2018, more than 20 states have advanced legislation to introduce sports gambling.\u00a0 New York had all of the pieces in place even before then, having approved legislation in 2013.\u00a0 The framework was added in 2019 to allow land-based sportsbooks, but online alternatives were put on hold. \u00a0 It wasn\u2019t […]<\/p>\n","protected":false},"author":9,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","footnotes":""},"categories":[324],"tags":[],"class_list":["post-549","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/wagers.com\/staging\/4285\/wp-json\/wp\/v2\/posts\/549","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wagers.com\/staging\/4285\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wagers.com\/staging\/4285\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wagers.com\/staging\/4285\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/wagers.com\/staging\/4285\/wp-json\/wp\/v2\/comments?post=549"}],"version-history":[{"count":2,"href":"https:\/\/wagers.com\/staging\/4285\/wp-json\/wp\/v2\/posts\/549\/revisions"}],"predecessor-version":[{"id":1164,"href":"https:\/\/wagers.com\/staging\/4285\/wp-json\/wp\/v2\/posts\/549\/revisions\/1164"}],"wp:attachment":[{"href":"https:\/\/wagers.com\/staging\/4285\/wp-json\/wp\/v2\/media?parent=549"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wagers.com\/staging\/4285\/wp-json\/wp\/v2\/categories?post=549"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wagers.com\/staging\/4285\/wp-json\/wp\/v2\/tags?post=549"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}