New York Legalising Sports Betting Sites

New York Legalising Sports Betting Sites

Lillie Mcguire
Posted on April 23, 2021 at 2:04am

The Governor of New York, Andrew Cuomo, has announced that lawmakers in the state have made the decision to approve a 2022 fiscal year budget that includes both online and mobile sports betting. This comes after years of rallying for the legalisation of sports betting sites. However, at this stage, it remains unclear as to which model New York will implement.

Governor Cuomo has previously said that he wants New York state’s sports betting industry to be run by the New York Lottery. He added that the organisation would only grant licenses to a few mobile sports betting sites, and that all of them would need to adhere to strict legislation. The Governor reasoned that he is not out to make money for casinos, but rather for the state of New York, and that a sports betting industry that is run by the state is the best way to do so.

Concerns Over Monopolies

While Governor Cuomo’s suggestion is one that would indeed earn a great deal of money for the state, the decision has been criticised by many. Critics have expressed their concerns over the possibility of monopolies emerging and the effects that this could have on constitutionality. Furthermore, a model that only allows for a limited number of operators is vastly different than other states with legalised sports betting. These states, such as New Jersey and Pennsylvania, all allow for multi-operator models.

Sports betting sites operators in New Jersey have also voiced their concerns over the fact that the legalisation of wagering in New York state could lead to a loss of business for them. On the other side of the coin, there is also a fairly strong consensus that because of Cuomo’s suggested model with a limited number of operators, operators in New Jersey have nothing to fear.

The History Of Sports Betting In New York

New York was actually one of the first states to draft regulations for sports betting sites g, even long before it was legal. Less than a decade ago, in 2013, lawmakers approved legislation that would allow the state’s four commercial casinos to offer sports betting, should it ever be legalised. In 2018, with the Supreme Court’s repeal of PASPA, states were allowed to offer sports betting. Shortly after, New York launched in-person betting.

Mobile sports betting is crucial, however, as is evidenced by New Jersey, which has one of the country’s most successful industries. Overall, approximately 90% of wagers placed in New Jersey are done online.

Get YOUR bets IN! Bet on sports online TODAY!


More News

What Makes Online Casinos Legal In Canada?

Lillie Mcguire
Posted on May 12, 2021 at 3:05am
What Makes Online Casinos Legal In Canada?

Many Canadian players enjoy lottery and other games on the worldwide web, but they get cold feet when it comes to playing games at online casinos. One

US To Review Legality Of Online Gambling

Lillie Mcguire
Posted on January 18, 2019 at 10:01am
US To Review Legality Of Online Gambling

The US Supreme Court giveth, and the US Supreme Court taketh away. This, or at least something along the same lines, is currently swivelling about in

Ex Stars Group’s Founder In Hot Water Again

Lillie Mcguire
Posted on October 18, 2018 at 3:10am
Ex Stars Group’s Founder In Hot Water Again

The Stars Group has been dominating news headlines for the last couple of weeks, most notably for having completed the acquisition of the decade by ta

Legal Betting On Hold For South Carolina

Lillie Mcguire
Posted on January 22, 2018 at 12:01pm
Legal Betting On Hold For South Carolina

Democratic party lawmakers in South Carolina have long voiced their hopes that sports betting may one day be legalised in the US state. However, for n

It’s Official: Online Gambling Now Legal in Pennsylvania

Lillie Mcguire
Posted on November 13, 2017 at 12:11pm
It’s Official: Online Gambling Now Legal in Pennsylvania

It was just weeks ago that the US state of Pennsylvania was considering legalising online gambling services within its borders. Now, Governor Tom Wolf

Canada unprotected against Illegal Gambling

Lillie Mcguire
Posted on July 10, 2013 at 12:07pm
Canada unprotected against Illegal Gambling

The Canadian Senate has recessed on Bill C290 - an Act to amend the Criminal Code for Sports Betting – despite the Bill having already been pass

The End of Illegal Online Gambling in Canada?

Lillie Mcguire
Posted on July 04, 2013 at 12:07pm
The End of Illegal Online Gambling in Canada?

Canada’s hope for an end to illegal online gambling could be coming soon with support growing for an amendment to the Canadian legislature calli

Will Online Casinos Ever Be Completely Legalized in Canada?

Lillie Mcguire
Posted on April 05, 2013 at 12:04pm
Will Online Casinos Ever Be Completely Legalized in Canada?

The number of Canadian online casinos has risen consistently in the last few years as online gambling has grown more and more popular. It has been est

Look What's Waiting Offstage For The U.S. Gambling Legalization Green Light

Lillie Mcguire
Posted on October 30, 2012 at 12:10pm
Look What's Waiting Offstage For The U.S. Gambling Legalization Green Light

Look what is waiting offstage for mobile gambling if U.S., legalization gets the green light! Although many around the globe are waiting for legalizat

Brooklyn Federal Court Judge Rules That Poker Is Legal

Lillie Mcguire
Posted on September 13, 2012 at 12:09pm
Brooklyn Federal Court Judge Rules That Poker Is Legal

Brooklyn judge Jack Weinstein in an unprecedented move ruled that poker is a game of skill and not merely a game of chance. It depends on abilities th