It will be another year or so before the residents of New York can place sports bets from the comfort of their mobile devices.
On Thursday, the state Assembly voted down a bill that would expand sports betting in the jurisdiction beyond the four upstate casinos and seven private casinos operated by the Native American tribes. The bill, S 17D, would have allowed the licensed properties to offer online sports wagering services to bettors who are physically located within the Empire State.
Under the legislation, Off-Track Betting locations and racetracks would also be authorized to offer mobile sports betting. The Senate endorsed the bill on Tuesday, passing it 57-5.
NY to miss out on online wagering revenue
Speaking after the Thursday incidence, the sponsor of the bill, Sen. Joseph Addabbo, Jr., expressed his disappointment that the Assembly did not support the legislation.
The legislator went on to explain that the state would miss out on revenue from online sports betting to the tune of approximately $75 million for the remainder of this fiscal year alone. He also stated that expanding the current sports gambling market would have assisted in job creation and retention.
Earlier this week, Sen. Addabbo had expressed hopes that the state lawmakers would embrace the bill, saying that it was necessary for New York to get a bill that competes with its neighbor, New Jersey.
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The lawmaker gave an example of how the New Jersey market was thriving, pointing out that the growth was fueled by mobile betting. He also added that online wagering would boost the struggling casinos and racetracks in New York, as well as prevent its residents from crossing the border to place legal bets in New Jersey.
Senator Addabbo has been working in close partnership with the Chair of the Assembly Racing Committee, J. Gary Pretlow, to bring online wagering to the precinct.
NY Governor thinks there are legal hurdles to overcome
The issue of online sports betting in New York has been in the limelight for quite some time now.
In January, New York Governor Andrew Cuomo said that he did not think it is possible to legalize mobile wagering under the current constitution. The reluctance of the Governor to support the legislation was confirmed when he failed to include online wagering in the budget for the 2019-20 fiscal year.
The Speaker of the Assembly, Carl Heastie, has also insisted that the jurisdiction would need a constitutional amendment to make online betting legal. Before the Thursday incidence, Heastie came out as the biggest opponent of the bill in the House.
On-property wagering to launch soon
Despite failing to pass a mobile sports betting bill, New York is set to join other states with a legal wagering market later this year. However, bettors will have to travel to one of the licensed casinos to place a legal sports bet.
Earlier this month, the New York State Gaming Commission issued regulatory guidelines for the market, paving the way for the casino owners to apply for licenses. Preparations to launch sports betting at all four upstate casinos are underway, with operators hoping to roll out regulated wagering before the start of the football season in September.
The Oneida Indian Nation is also working on opening sportsbooks at three of their properties, including Turning Stone Resort Casino in Verona.