Nys Sports Betting Online
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Tuesday it was reported the Mets and Yankees were betting favorites for the upcoming 2021 MLB season and that is not a huge misconception because the New York baseball teams are always expected to contend. But the betting action is predominant across the river in New Jersey where a good many Yankees fans reside.
More so, fans who want to place a bet online in New York are restricted with online gambling still in the balance, therefore the other option has been the constant action of taking those bets to New Jersey and a state where handles are high and legal.
But it’s also not a huge misconception that politics is making it more complicated in efforts to make New York State the 15th to legalize mobile sports betting.
And the demand to legalize mobile sports betting has been petitioned by the same sports fans from New York. They are frustrated with a commute across the river to place a bet at the Meadowlands Racetrack and at Atlantic City sportsbooks, and would rather place a bet from their more convenient mobile phones.
No online sports betting is permitted under the current rules unless you travel to NJ. For a state with the amount of area that New York has, that omission will be a major disappointment, at least in the short term. New York residents will also be unable to wager on any New York college team games.
So the debate continues, and fans are left with their option of staying home, making the commute, or finding other ways to place their wager. In the meantime, and with a state budget deficit, those up in Albany continue to debate the logistics of online sports gambling.
New York Online Sports Betting All the major sports leagues (NBA, NHL, NFL, MLB, MLS, WNBA) are headquartered in New York City, along with many large financial and media companies. This combination would make New York a logical place to have the most innovative. No one in the NBA is better than the Utah Jazz right now and ESNY’s NBA Power Rankings are updated accordingly. Here come the Utah Jazz. The Los Angeles Lakers are dealing with injury concerns.
There are percentages and how the millions of revenue would be expended. The most important issue is the coordination and learning more about the success of online gambling and the benefits.
So, I reached out to a few NY state representatives for an update. As of Tuesday morning, there has been no response from a state Assembly and Senate representative and that was expected. One outside source and with knowledge of the proposed legislation said the timing is not right.
As he said, “The revenue from this would be beneficial and the financial rewards would be huge. But realize there are the logistics and the state is facing a tremendous budget gap and dealing with the Coronavirus.”
So this may take a little longer before the NY state legislature brings this up for a vote and signature from Governor Andrew Cuomo. In the meantime as the logistics and politics of online gambling continue, fans are impatient.
They want to place a bet from home and avoid that commute.
And the wagers will continue to be done other ways. Fans have found alternative means of going into their pockets with cash apps and locating a friend in proximity that can place the bet as neighboring states of New Jersey and Pennsylvania continue to raise revenue.
Super Bowl Sunday the struggling casino industry in Atlantic City continued but the sportsbooks on the boardwalk were at capacity. While sports wagering is legal in New York, placing a bet must be made at one of four casinos and many are not in proximity.
ESPN reported that in 2020, online betting in New Jersey saw $6 billion wagered with 90 percent coming from online bets. The consensus is New York can also see a similar revenue gain as there are millions of sports fans that find these alternative routes of placing a wager.
I have a longtime friend who wagers on sports and is in that classification of being hooked. Super Bowl Sunday was no different as are regular bets on NFL Sunday and during the course of a long MLB season.
“So I placed my bet with the cash app and found another way,” he said about his Super Bowl bet. When asked about online betting in NY as an option, like others he agrees this is a winner for the state and those who are consistent with their wagers.
Governor Cuomo seems to be on board with the state perhaps gaining $45 million and another $500 million going to the casinos. In the end, though, legislators need to listen to that example of the Super Bowl wager. Fans are eager for a start and want to put politics aside.
The conversations will continue and with the hope, a resolution can be reached before the state budget is passed before April 1.
Nys Sports Betting Online Sportsbook
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With New York facing a $15 billion budget shortfall from the coronavirus pandemic, online sports betting is viewed as one possible way to inject much-needed money into the state. New Jersey legalized online wagers in 2018, and earlier this month, Governor Andrew Cuomo included an online professional sports betting plan in his executive budget proposal that he claimed would raise $500 million in revenue for the state.
But many logistical hurdles remain. Cuomo’s proposal for legalization runs counter to what the Democratic supermajority in the state legislature is pitching. Some authorities are questioning the legality of the whole enterprise. And there are lingering concerns about gambling and addiction, particularly with the number of people sequestered at home and the opportunities that could be suddenly available to lose significant amounts of cash.
“I don’t see the governor’s proposal as workable in New York,” said Assemblyman Gary Pretlow, the chairman of the Committee on Racing and Wagering.
Right now, you can place horse racing bets on your smartphone through an app run by the not-for-profit corporation that oversees horse racing in New York’s three major tracks. Mobile betting for professional sports could theoretically function in a similar way. Currently, the servers for horse betting are located at the racetracks.
In both Cuomo and the legislature's proposals, the servers for mobile sports betting would be situated at places where bets are already taken, like casinos. The major overriding question is how many operators, or “skins,” as they are called in the industry, there will be, and who will get to profit.
Under Cuomo’s proposal, which still needs to be fleshed out further, the New York State Gaming Commission would be directed to solicit bids for a small number of mobile sports wagering operators. The system would be akin to how the state-run lottery functions, with possibly only one or a small number of operators overseeing sports betting. A single operator runs online sports betting in New Hampshire, Oregon, Rhode Island and the District of Columbia. Overall, sports betting is now legal in more than two dozen states.
Robert Mujica, Cuomo’s budget director, said earlier this month that the advantage of the state proposal would be the ability to maximize tax revenue. “The fundamental question is: if you want to support the bottom line for casinos or New York’s students. And the governor’s proposal chooses students,” Mujica told the Wall Street Journal. (An identical statement was sent to Gothamist from Freeman Klopott, a budget spokesman for Cuomo.)
It’s not clear yet what Cuomo’s tax rate would be for his online betting model, though Mujica has asserted that it would be enough to raise $500 million a year. The state legislative proposal, co-sponsored by Pretlow and the chairman of the State Senate’s Racing and Wagering Committee, Joseph Addabbo, puts the number closer to $100 million annually.
At first glance, that would seem to make Cuomo’s proposal the better one, given the potential for serious state budget cuts without new forms of revenue. But lawmakers and some gambling industry insiders aren’t so sure. In New Jersey, which is generally viewed as a success given the number of people who place bets, there are as many as 17 legal online sportsbooks.
New York’s legislature is looking to take a similar approach, believing their proposal has a better opportunity for growth—more operators can lead to more options for consumers and more interest in placing bets. Addabbo calls his legislation “inclusive,” because it would also allow for Native American casinos, casinos on state property, and off-track betting sites to participate.
“Competition bodes better for our residents and will drive up revenues than being a narrow state-run lottery kind of system,” Addabbo argued. “New York finds itself in a very odd position not being a leader. We are outside looking in. New York right now is a three-wheeled car limping along in the right lane. New Jersey and Pennsylvania are speeding by us.”
Bennett Liebman is a government lawyer in residence at Albany Law School who previously advised Cuomo as the deputy secretary for Gaming and Racing. He said the difference between the two models is a question of what is being prioritized: more tax revenue, or a better model, long-term, for consumers and gambling interests?
“It all depends on what you want in your market. If you want what the governor is seeking, which the draft is very general, you are looking for maximum tax revenue, you will give it to one or two groups and you are going to tax them at a very high rate,” Liebman said. “If you are looking to create a robust market to help out casinos and consumers, then you go with, or you are more inclined to go with, the legislative plan.”
Liebman called the Cuomo administration’s $500 million revenue figure for online sports betting “very, very high,” and predicted a few operators would dominate the space in New York, like DraftKings and FanDuel have done in New Jersey. Casinos, racetracks, and online gambling in total generated a little more than $300 million in tax revenue for New Jersey in 2020.
Even if New York reached Cuomo’s projections—let alone the far smaller figure from the state legislature—online sports betting would represent only a minuscule fraction of a state budget that was $177 billion last year. One question hanging over the debate is whether the united front fighting for mobile sports betting in New York—the currently existing casinos, and operators like DraftKings and FanDuel—would crumble if only a small number of them were selected to make money from sports betting.
According to a constitutional amendment passed in 2013, sports wagering in New York is currently allowed only in physical portions of its four existing commercial casinos and other facilities operated by Indian tribes. Cuomo and supporters of online sports betting believe their proposal will meet the requirements of the state constitution by locating the servers for the betting websites at the physical casinos.
Neil Murray, an Albany attorney who has sued to oppose gambling in the state, said there was a “legitimate, serious question” about the constitutionality of online sports betting.
“The problem right now is the constitutional amendment that was passed several years ago does carve out exceptions for gambling at casinos. The operative word is ‘at’ and what does that mean?”
Murray argued the way the amendment was proposed—an economic stimulus for destination casinos that would prevent the proliferation of gambling statewide—contradicts the arguments made for mobile sports betting today. “If you allow online gambling and people can gamble from their living rooms, then of course that destroys the whole purpose on which gambling was authorized on a limited basis to begin with,” he said. “Everybody is counting on collective amnesia.”
Pretlow, the state assemblyman, contended that his bill met the requirements of the state constitution but Cuomo’s would not if it chose to operate like the state lottery. The lottery is regarded as a game of pure chance with no skill involved, allowing it to circumvent a longtime prohibition on gambling in the state.
Sports Betting Ny State
“The lottery has to be 100 percent chance. The lottery is not gambling,” Pretlow said. “It’s flip a coin, heads or tails, nothing in the middle. I think if the lottery were to handle sports betting, it would lead to a constitutional question.”
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