New York Sports Betting Online

NY Sports Betting Online is coming soon! There are plans to push hard to pass sports betting bill before 20th June 2018! Hot on the heels of Delaware going live with sports betting on 05 June, and New Jersey signing a sports betting bill into law, New York aims to have their own state legislation signed-off before the end of June, hopefully making them the third state outside of Nevada to offer online sports betting.


NY Betting Sites Are Coming Soon!

Gary Pretlow, the New York statesman has finally submitted his revised New York sports betting bill for revision following the Supreme Court’s ruling of 14 May making sports betting legal – if so desired by individual states - of course. The bill has a number of interesting changes from the former draft, and the legislature is urgently trying to get it passed and finalized before the term ends for the summer, on 20th June.

NY Sports Betting Online Fees

On the emotive topic of the “integrity” fee matter, Pretlow has maintained the same 0.25% fee on all handled wagers for the sports leagues; which he refers to as a “royalty” fee rather than the integrity fee terminology used by the NBA and MLB in their adamant lobbying on this matter.  And rather than being automatically entitled to the funds, his proposal is for the sports leagues to submit a claim by no later than 13 April each year for the previous year’s earnings. Former draft proposals had no such requirement, effectively making it a hand-out to the leagues. This certainly makes the leagues work a little harder for the money they pull in the betting sites in NY.

This bill further proposes the establishment of a state commission which will then be required to meet with the sports leagues making royalty claims within no less than 30 days of such an application, to discuss the measures being taken by the leagues themselves to protect the integrity of its sports events – be these policies, procedures or on-going programs, as might be the case. This bill proposal also includes the suggestion that an annual report be required, stipulating how these fees are used – and that these should be subject to auditing.

It is widely felt that these terms should be agreeable to the sports leagues; it may require a little more work on their part, but is certainly not a disincentive.

New York Casinos and Racetracks May be the Only License Holders

Another interesting and insightful requirement made by Pretlow’s proposed bill is that all governing sports bodies making an application for such fees need to have their headquarters on US soil, cancelling out the potential loss of funds to foreign business and sports entities.

Let’s see whether they make their mark in time to be second on the sports betting slate!

This web page is purely for entertainment purposes only, and may contain paid advertisements for online casinos, poker sites, and sportsbooks (including DraftKings, Fan Duel, and others.) When you play online or in person at casinos, you are always at risk to lose the money that you are wagering, and Bonus Seeker makes no claim or guarantee that you will win money. When gambling at a casino, only risk what you can comfortably afford to lose. You must be 21 years or older, and a US citizen to register at online casinos in New Jersey and other states in the US. Whilst we try to ensure that this information is correct, we do not warrant its accuracy or completeness. The information provided does not constitute advice and is intended only to provide general information. Bonus Seeker and its partners will not be responsible for any errors or omissions and we will not have any liability or responsibility for any loss that arises from any reliance placed on information obtained from this article including, but not limited to, the comments submitted by third parties. If you should require any advice for gambling-related problems, please CALL 1-800-GAMBLER.

© Copyright 2018 - All Rights Reserved. Privacy Policy