The new budget for the 2022 fiscal year includes plans for New York mobile sports betting. The announcement came as the state legislature and Governor agreed on an arrangement that could allow four online sports books to be operating in the state as soon as September. The New York Lottery would issue licenses to two mobile betting operators, and they would subcontract licenses to a total of four operators. The state will become the most populous to legalize mobile sports betting, and estimates are it will creating a revenue stream of $500 million a year. The governor also promised that…

Sure, you can bet on sports in the Empire State… but only in person at a brick & mortar casinos. Now New York mobile sports betting has the support of the Governor’s office… if only that were enough. Casino gambling was passed many years ago after it was determined that the activity is allowed under the New York Constitution. Some would argue that since sports betting takes place at state casinos, it would be a simple matter to allow online or mobile betting. But it’s not that simple. You see, the gambling is permissible under the constitution at “…no more…

Players in the Empire State have been able to place wagers on sporting events at land based casinos, but New York online sports betting has so far remained elusive despite repeated attempts to regulate it. However, Governor Andrew Cuomo recently indicated that he is open to legalizing mobile sports wagers in his state. He mentioned the topic while discussing the state’s financial $17 billion deficit, caused in part by the Coronavirus pandemic. New Jersey has emerged as the leader in sports betting with a handle of over $930 million just in November. If the activity were regulated in New York…

The fight over online sports betting in New York has been raging for the past several years. Now, it’s back again. Lawmakers in the state are hoping that a looming budget deficit and falling revenues may finally help regulate internet sports bets. State Senator Joseph Addabbo and Assemblyman J. Gary Pretlow have been long time advocates of the activity, and have now hinted that online wagering legislation could pass out of the legislature before the end of the year. “My colleagues know that we need the money and there will be revenue deficiencies next year compared to this year, so…

New York sports betting is getting closer to reality, as the state Senate Racing, Gaming and Wagering Committee has unanimously voted to advance a bill that would legalize in-person and mobile gambling in the state. Introduced in January by Senator Joseph Addabbo, Senate Bill 17 passed the Committee by a vote of 6-0 and will now progress forward to the Senate Finance Committee for further debate. Should the bill come into law, there would be two different tax rates for the type of bets placed in New York. casinos that secure a license would pay tax at 8.5% on gross…

New York sports betting plans do not include mobile bets for the state’s 2020 budget. However, legislators have included a number of reforms and initiatives for other forms of gambling. Agreed upon by Governor Andrew Cuomo and legislative leaders in the state, the budget sets out spending plans for $175.5bn (£134.6bn/€156.7bn) for the next 12 months. However, the approved budget does not include any language related to mobile sports betting, despite Senator Joseph Addabbo’s efforts to have it included in the final document. New York sports betting plans will still move forward with regulate in-person wagering, with preliminary talks on…