- The budget proposal in New York has passed with regulated mobile sportsbooks included in the paperwork.
- New Yorkers will see up to six regulated mobile sports betting platforms launch by September for the NFL season.
- Over 90% of all sports betting that will occur statewide is expected to be done through these applications.
ALBANY, N.Y. – The New York budget proposal is officially in as of Tuesday, five days past the original deadline, but with mobile sportsbook revenue included within the package.
The $212 billion budget for the 2022 fiscal year has legislation written in its documents for an online and mobile sports betting market for the Empire State that will pass with the proposal.
Mobile sports betting in New York is something that has been wanted since the repeal of PASPA in 2018. New Yorkers had limited access with an upstate, retail-only regulated sports gaming industry. Sports bettorsin New York City would often cross the bridge into New Jersey to place bets using the Garden State’s mobile platforms for sports gaming.
What Was Passed?
The landscape that will be seen for the NY sports betting market is one that Governor Andrew Cuomo has come up with. While it can be used statewide, it is very much a limited online sportsbook market for New York.
As Cuomo wanted, the New York Lottery will be the regulatory body for mobile sports betting in the state. They will choose a maximum of two operators that can then work alongside a maximum of four other operations through subcontracted licensing.
The details of the industry outside of that have not yet been revealed publicly as further discussions are necessary, but that is the general framework for which the overall landscape will stem.
With the passage of the budget package, lawmakers can begin to work out the details as they’re hoping to launch mobile sportsbooks in the Empire State by September for NFL wagers. The New York State Gaming Commission (NYSGC) will help with the finer points of the legislation to help move it along for a September rollout.
The Tribes of New York were included in the proposal to avoid any opposition, having the Oneida Nation, the Seneca Nation, and the Akwesasne Mohawk Tribe mentioned within the measure for inclusion in the market. It is unknown whether this will be to operate online and mobile platforms throughout the state or just on the grounds of their gaming properties.
Sportsbooks that are already a part of regulated sports betting in New York look to have the biggest chances for approval with the limited mobile licenses available. These operators are bet365, BetRivers, DraftKings, and FanDuel.
In total, New Yorkers could see a maximum of six platforms to wager on sports via mobile applications come September.
New York believes that once its mobile sports betting industry goes live that over 90% of all wagering on sports will be done via these applications. Through this approved model, over 50% of all money collected will go straight to the state as Cuomo originally wanted.
This could potentially bring in hundreds of millions of dollars yearly for New York that would help fund education and health initiatives, as well as any other areas in the state that require financial help.
Governor Cuomo only recently began to back mobile sportsbook legislation and now the Empire State should see it come to fruition in September. As Senator Joe Addabbo said to LegalSportsBetting last year, “If the Governor wants something to get done in New York, it will get done.” And it looks like he was right.
News tags: Akwesasne Mohawk Tribe | Andrew Cuomo | bet365 | BetRivers | DraftKings | FanDuel | Joe Addabbo | New York | New York budget | New York Lottery | New York State Gaming Commission | NFL | Oneida Nation | PASPA | Seneca Nation
Christina has been writing for as long as she can remember and does dedicated research on the newly regulated sports betting market. She comes from a family of sports lovers that engage in friendly bets from time to time. During the winter months, you can find Christina baking cookies and beating the entire staff at Mario Kart…the N64 version of course.