Sports Betting Proposal Progresses in New York

The New York Senate Racing, Gaming and Wagering Committee cast a unanimous vote on Monday. Due to their decision, the bill S17 will advance to the Senate Finance Committee. This proposal aims to allow mobile sports betting in this particular state. Apart from this, it strives to authorize this activity in tribal and commercial casinos. However, it is yet to become the law.

Furthermore, this bill is an expansion of a 2013 ballot referendum. It gave the green light to land-based betting at commercial casinos. According to Joseph Addabboo Jr., who is the Committee Chairman, they moved the bill forward because of the testimony they heard last week. During the course of it, the Committee realized that about 25% of New Jersey’s sports betting revenue came from New Yorkers. Thee people would drive over the border to place a wager.

By Addabbo’s admission, New York should pass the bill if it wants to ensure that another state will not generate revenue from its residents. What’s more, he says that this type of wagering is occurring illegally and that the state should go above and beyond to regulate it.

Also, horse racing did not make the cut in this new proposal. Therefore, this indicates that sports betting would not be legal at racinos or racetracks for that matter. And this move encouraged some of the subcommittee members to voice their worry. They stated that the horse racing industry would have difficulties in appealing to some sportsbooks, provided the state does include it after some time.

Moreover, Addabbo seems to have the same issue in mind. Thus, his ambition is to include this industry in the proposal before it gets accepted. But he believes that this cannot be achieved without including the governor’s office.

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