Monday ushered in a new era for bettors in New York after the state’s Gaming Commission unanimously voted to allow in-person wagering at four upstate casinos. The services will be available to New York residents who are at least 21 years of age.
The state legalized sports gambling through a voter referendum on Nov. 6, 2018, but the lack of regulation guidelines from the New York State Gaming Commission made it impossible for the properties to start accepting wagers.
With the new regulation in place, Rivers Casino and Resort, Resorts World Catskills, Del Lago Resort and Casino, and Tioga Downs can now apply for sports betting licenses from the Commission. The newly adopted rules also pave the way for legal wagering at seven tribal casinos.
Operations to kick off soon
The four upstate casinos have been working on their sportsbooks for the better part of a year, and there is a high probability that they will be ready to start accepting sports bets before the beginning of the NFL season in September.
Rivers Casino in Schenectady will be working with Rush Street Interactive for their sportsbook, while Tioga Downs has already announced that it will be working with FanDuel to bring sports betting to the Southern Tier. Del Lago Resort and Casino has a commercial partnership with DraftKings, while Resorts World Catskills has chosen bet365 as their sportsbook provider.
Tribal casinos are also getting prepared to launch. On Tuesday, the Oneida Indian Nation announced the appointment of Justin Arnett as the director of sportsbook operations at three of their Central New York properties.
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The group has been working with Caesar’s Entertainment Corporation for sports betting at the three casinos since February. The facilities include Turning Stone Resort Casino in Verona, Yellow Brick Road Casino in Chittenango, and Point Palace Casino in Bridgeport.
Licensed operators will remit 10 percent of their revenue to the state in taxes.
NY Legislators looking to expand current gambling law
As New York prepares to roll out legal sports betting, the state’s lawmakers are also working on amending the current regulation to expand the market.
If the revisions are approved, professional sports stadiums and arenas with a capacity exceeding 15,000 will be allowed to operate sports betting kiosks in partnership with New York casinos. However, these facilities will have wait for 20 months after the enactment of the law before they can apply for a sports betting license.
The issue of online sports betting within the precinct is also under consideration.
In mid-May, the Senate Racing, Gaming, and Wagering Committee gave their approval to a bill that would legalize mobile wagering at the state’s commercial casinos.
Under the bill, commercial casinos will be required to pay $12 million to the State Gaming Commission in licensing fee, and 0.2 percent to sports governing bodies as a royalty fee. The monthly tax to be remitted by online operators is set at 12 percent of the gross gaming revenue.
However, it is unclear whether the Senate will get to vote on the bill before the close of the legislative session, which ends on June 19.