NY Online Sports Betting Would Become Reality Under Latest Bill

By Joe Kata, March 4th, 2019 New York Sports Betting
NY Online Sports Betting Would Become Reality Under Latest Bill

New York sports betting is finally kicking into gear during the 2019 NY legislative season, as Assemblyman Gary Pretlow introduced bill NY A06113 on Feb. 28. This Assembly bill refers to the regulation for the state’s on-site sports betting, as well as NY online sports betting, and it would implement an eight and a half percent tax on gross revenue. Those who would be interested in New York mobile sports betting would have to sign up in person at a casino or at one of their affiliates, which at some point could be a standalone kiosk at one of the many sports venues in the Empire State.

Sports Betting At Madison Square Garden, Yankee Stadium Could Become Reality

Some of the key notes in this NY sports betting bill are possibly allowing arenas, stadiums, racetracks, and others to partner with the four casinos currently in New York to offer kiosks for in-person sports betting at places like Madison Square Garden, Barclays Center, Yankee Stadium, and Citi Field. MSG is specifically an interesting option, considering they recently applied to trademark their MSG brand specifically for NY sports betting. Legal NJ sports betting ultimately paved the way for the Prudential Center to start taking New Jersey sports bets at the arena, so Madison Square Garden, as well as the many other venues interested in New York sports betting, could have the blueprint to make it a successful endeavor. Currently, there are several NY sportsbooks waiting for legalization:

Pretlow Optimistic About NY Sports Betting Bill Not Being Vetoed

Assemblyman Pretlow, a staunch proponent of legal sports betting in New York, is taking a more optimistic approach this time in reference to his bill that will go to the Assembly Racing and Wagering Committee next for review. A few weeks ago, Pretlow commented on the possibility of a veto by Gov. Andrew Cuomo by saying, "Maybe he won't veto it, maybe we can override his veto. A lot of things can happen, but if we don't try something, it's never going to happen."

The veto is a possibility because of the possible need for an amendment to the state constitution in order to allow NY sports betting legalization to go beyond the four casinos in the state. Those four casinos only had to wait for the federal ban on sports betting in the US to be struck down, which happened in May 2018. Pretlow was in more positive spirits when speaking about a possible veto the day after his bill was introduced, stating, "I have it on good authority that the governor, who has heretofore said it was unconstitutional, has backed away from that."

Only one way to find out for sure, and Assemblyman Pretlow has taken that first step to see just how far sports betting in New York could now go.

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