New York approves sports betting regulations
- By: Michael Maguire
- LikeUnlikeLike
- 530 Views
More than a year after the US Supreme Court struck down the Professional and Amateur Sports Protection Act (PASPA), lawmakers in New York have approved regulations for retail sports betting.
But while the Empire State could have land-based sportsbooks up and running by the end of the summer, it may be a while yet before mobile gambling gets the green light.
SEE ALSO: ONLINE GAMBLING IN NEW YORK
The New York Gaming Commission confirmed the new rules on Monday, paving the way for the state’s four commercial casinos to apply for sports betting licences.
Resorts World Catskills, Rivers Casino and Resort Schenectady, Tioga Downs Casino Resort and Del Lago Resort and Casino are all situated upstate, a long way from the bustling millions of NYC.
Racetracks, racinos and tribal casinos are not included in the reforms, although several members of the New York Assembly would have it otherwise.
There are no provisions for mobile betting either, with some sources suggesting there won’t be a serious discussion about the matter until next year.
If that is the case, New York stands to lose millions in potential gambling revenue to nearby New Jersey and Pennsylvania once the 2019 NFL season starts in September.
NJ and PA are two of eight US states that have launched regulated sports betting industries since the PASPA ruling in May last year.
Indiana, Iowa, Montana, Tennessee and Washington DC have also formally legalised gambling on sports, while the likes of Illinois, Maine and New Hampshire are well on the way.
