New York Gaming Commission Green Lights Sports Betting Regulations

The New York Gaming Commission on Monday approved a set of proposed sports betting regulations for four existing upstate casinos, potentially setting the stage for the launch of legalized sports gambling in the Empire State.

The comprehensive regulations address a wide range of gaming issues from tax and compliance requirements to sports pool licensing guidelines, as well as broad wagering restrictions. The main takeaway from Monday’s meeting, however, centers on a provision that was not discussed.

The regulations do not include any guidelines for mobile sports betting, a subject that has garnered intense debate within the state as New York mulls whether to legalize the activity. In neighboring New Jersey, online sports wagering represented more than 62% of the state’s $1.25 billion handle in 2018. By December, the figure increased to 75.5% of the overall sports handle extending an upward trajectory from the prior six months, as a bevy of operators continue to roll out mobile platforms.

More on the New York Gaming Commission sports betting regulations at Sports Handle