New York Sports Betting Update

New York now has legal sports betting, although it's not online yet. Just under a dozen upstate casinos can operate brick-and-mortar sportsbooks at the moment.

Daily fantasy sportsand horse racing are also legal — and regulated — in New York.

Read on for more information about all of the sports gaming options in the state.

Recent New York sports betting and DFS stories

Ny State Sports Betting

Today, New York Governor Andrew Cuomo reinforced his support for a state-run lottery-based online sports betting model. Cuomo briefly touched on sports betting as part of his 2021 Budget Address.

Jan 20, 2021 He gave an update on the subject in his budget address New York governor still open to sports betting but prefers lottery model Cuomo claims a single-operator model would generate 10-times the revenue for the state since all sports betting winnings would go to the state's lottery.

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New York Sports Betting Update – Governor Cuomo Suggests Mobile Sports Betting Mobile sports betting in New York is not legal statewide yet. If you are on the premises of an upstate NY casino, you can use your mobile device to place a sports bet. There are currently seven physical sportsbooks that are legal and live in upstate New York. Jan 06, 2021 UPDATE: Cuomo said Wednesday that he wants the state to legalize mobile betting 'the way the state runs the lottery where the state gets the revenues.'. New York sports bettors are.

'One proposal would allow casinos to run mobile sportsbooks,' said Cuomo, speaking of State Senator Joseph Addabbo and Assemblyman Gary Pretlow's recent sports betting bill. 'That's good for casinos and their supporters.'

New York now has legal sports betting, although it's not online yet. Just under a dozen upstate casinos can operate brick-and-mortar sportsbooks at the moment.

Daily fantasy sportsand horse racing are also legal — and regulated — in New York.

Read on for more information about all of the sports gaming options in the state.

Recent New York sports betting and DFS stories

Ny State Sports Betting

Today, New York Governor Andrew Cuomo reinforced his support for a state-run lottery-based online sports betting model. Cuomo briefly touched on sports betting as part of his 2021 Budget Address.

Jan 20, 2021 He gave an update on the subject in his budget address New York governor still open to sports betting but prefers lottery model Cuomo claims a single-operator model would generate 10-times the revenue for the state since all sports betting winnings would go to the state's lottery.

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New York Sports Betting Update – Governor Cuomo Suggests Mobile Sports Betting Mobile sports betting in New York is not legal statewide yet. If you are on the premises of an upstate NY casino, you can use your mobile device to place a sports bet. There are currently seven physical sportsbooks that are legal and live in upstate New York. Jan 06, 2021 UPDATE: Cuomo said Wednesday that he wants the state to legalize mobile betting 'the way the state runs the lottery where the state gets the revenues.'. New York sports bettors are.

'One proposal would allow casinos to run mobile sportsbooks,' said Cuomo, speaking of State Senator Joseph Addabbo and Assemblyman Gary Pretlow's recent sports betting bill. 'That's good for casinos and their supporters.'

As part of the second proposal, 'the people of the state of New York actually get the profits,' he continued, 'Run [sports betting] the way we run the lottery; the state gets all the revenue.'

'I'm with the people and I believe the people of the state should get the revenues. Northern quest casino phone number. This is not a moneymaker for private interests,' Cuomo concluded before moving on to other topics.

Alongside sports betting, Cuomo mentioned his support for legalizing recreational cannabis and outline other budget recommendations to offset the state's Covid-related losses.

The Story So Far for NY Sports Betting

During the budget presentation, Cuomo doubled down on his previous statement supporting a lottery-run sportsbook. He reversed his stance toward online sports betting in early January, voicing his support for digital platforms and citing budget concerns as the primary reason for his shift.

But Governor Cuomo's lottery-run model has been implemented in other markets, such as Montana, New Hampshire, and Washington D.C. The model, as we've previously noted, has limitations and can lead to lower overall revenue than a casino-based sportsbook structure.

In response to the limitations of a lottery-run sports betting market, two New York legislators– Assemblyman Gary Pretlow and State Senator Joseph Addabbo–introduced a bill that would authorize a casino-run model for New York sports betting. This model would stage New York to compete with gambling-friendly neighbors like New Jersey and Pennsylvania. In fact, New Jersey siphons potential sports betting revenue from New York, and it's no small amount.

What Comes Next?

New York needs to finalize its budget by April 1, 2021, according to Governor Cuomo. Between now and then, there will doubtless be new developments on New York's road to sports betting legalization. And in all likelihood, this legislative stalemate could result in a budget that doesn't account for sports betting at all, further delaying New York's expected launch.

New York Sports Betting Update

Right now, it's just a waiting game. We'll keep tabs on New York's progress toward online sports betting and provide updates along the way.