Nys Sports Betting Online
New York finally got its act together. On June 10, 2019, the New York State Gaming Commissionapproved rules and regulations to allow sports betting in the Empire State.
While this news might seem positive, New York residents may need to temper their excitement for the time being. The approved activity is limited to New York’s four commercial casinos and Indian casinos.
S 225.00 Gambling offenses; definitions of terms. The following definitions are applicable to this article: 1. ' Contest of chance' means any contest, game, gaming scheme or gaming device in which the outcome depends in a material degree upon an element of chance, notwithstanding that skill of the contestants may also be a factor therein. 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 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. Governor Andrew Cuomo said his proposal to allow mobile sports betting in New York could generate $500 million in revenues once the program is matured. Currently, sports wagering in New York is.
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, fans of schools like Syracuse, Cornell and the University of Buffalo will not be able to put their money where their mouths are.
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Can You Bet Sports Online In Ny
What kind of sports betting is legal now?
New Yorkers can wager at the four commercial casinos. They are:
- Resorts World Catskills
- Del Lago Resort and Casino
- Tioga Downs
- Rivers Schenectady
Now, the nice thing is that by virtue of their compact, tribal casinos can offer any game that other casinos in the state offer. So, there are sportsbooks operating at those locations, too. Sportsbooks have opened here:
- Turning Stone Resort Casino
- Point Place Casino
- Yellow Brick Road Casino
- Seneca Buffalo Creek Casino
- Seneca Niagara Casino
- Seneca Allegany Resort & Casino
What’s the hold-up on NY mobile sports betting?
Obviously, many observers are curious as to when mobile wagering will show up in New York. Mobile sports betting now accounts for nearly 4 out of every 5 sports bets in neighboring New Jersey, so the rationale for allowing it is quite clear.
However, the Empire State faces an uphill battle for mobile sports betting amid reservations from key detractors — most notably, Gov. Andrew Cuomo. Cuomo’s legal team has concluded that the legislature does not have the legal ability to authorize mobile wagering without a constitutional amendment. Cuomo has also expressed his personal distaste for the practice in various public statements.
Whether his team’s opinions on the matter are valid is likely a question for the courts. So, it could be quite a while until we see New Yorkers wagering on their phones.
Which sports teams in New York can I bet on?
New Yorkers will be able to place bets on all of the major sports franchises:
- New York Giants
- New York Jets
- New York Knicks
- Brooklyn Nets
- New York Islanders
- New York Rangers
- New York Yankees
- New York Mets
- Buffalo Sabres
- Buffalo Bills
Following earlier remarks that indicated Governor Andrew Cuomo’s intent to support mobile sports betting in New York, a new twist has emerged. Cuomo’s office issued a release further detailing the Governor’s plans for mobile sports betting. There’s one big catch: Cuomo wants a Lottery-run sportsbook monopoly.
“Under Governor Cuomo’s proposal,” reads the statement, “the New York State Gaming Commission will issue a request for proposals to select and license a sports operator or platform to offer mobile sports wagering in New York. This operator or platform must have a partnership with one of the existing licensed commercial casinos.”
Simply put, this means Cuomo wants one sports betting operator. This model is best likened to Delaware, where sports betting and online casinos are all operated by 888 Holdings.
Revenue A Key Driver
Cuomo’s reasoning for a single-operator Lottery-based sports betting model is revenue.
“At a time when New York faces a historic budget deficit due to the COVID-19 pandemic, the current online sports wagering structure incentivizes a large segment of New York residents to travel out of state to make online sports wagers or continue to patronize black markets,” Governor Cuomo said. “New York has the potential to be the largest sports wagering market in the United States, and by legalizing online sports betting we aim to keep millions of dollars in revenue here at home, which will only strengthen our ability to rebuild from the COVID-19 crisis.”
But Cuomo doesn’t want all the potential revenue to go to casinos. He made this much clear in a press conference, according to WKBW Buffalo. “I’m not here to make casinos a lot of money, I’m here to raise funds for the state,” said Cuomo.
Impact On Sports Bettors
Should New York move forward with Cuomo’s desired model, sports bettors would have a single platform to bet on. At best, the selected operator might be able to launch multiple skins of the same sportsbook with the functionality remaining the same.
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Any move toward legal sports betting is a good one for the potentially massive New York market. But to many, this model is limiting.
For players, this means only one sports betting option. The Lottery’s partner could set its own odds and promotions without fear of much competition. For operators, it paints a stark picture: either win the contract or stay out of New York.
The New Jersey Effect
New Jersey siphons its fair share of business from New York, drawing about 20% of sports betting revenue from bettors in the neighboring Empire State.
If Cuomo’s desired model comes to fruition, it spells good news for New Jersey. Operators in the state could still market to New Yorkers who want an option that isn’t partnered with New York’s Lottery. And if revenue is Cuomo’s chief concern when it comes to sports betting in New York, the impact of New Jersey should be first on his list of worries.