NY Sports Betting Launch By Spring? Countdown On A …

New York regulators are looking to get sports betting started at the state's four upstate commercial casinos under the existing state law, according to a source familiar with the process.

That could mean that land-based NY sports betting could launch as soon as this spring, and perhaps as early as May.

Is NY sports betting actually coming?

The New York State Gaming Commission has been working on regulations that could be prepared for its next meeting, which takes place on Jan. 28, the source said.

If that happens, the regulations will go into the state register for a 60-day comment period before a vote takes place on the final rules.

If all that happens on the above timeline, that would mean legal sports betting could possibly launch in May could be the possible launch date for legal sports betting.

Where would NY sports betting take place?

Regulations would allow for sports betting to take place at these four casinos:

  • del Lago Resort & Casino
  • Tioga Downs Casino
  • Rivers Casino & Resort Schenectady
  • Resorts World Catskills

All of those casinos already have partners for sports betting that would allow them to open up retail operations quickly.

Tribal compacts also allow casinos owned by the Oneida and Seneca to offer the same forms of gambling as their commercial counterparts.

It appears unlikely that online betting will be authorized as part of the regulations unless it takes place on property at the casinos.

NY and sports betting: It's complicated

Gov. Andrew Cuomo this week said he was putting revenue from sports betting in the state budget.

He could do that because the state legalized sports betting at the state's four commercial casinos in 2013, pending a change in federal law. The federal ban, of course, was struck down in 2018.

But his addition of sports betting is not the full-fledged type that many in the state had been hoping for. Tracks and racinos around the state do not appear as if they will be involved until the state passes a new law or a constitutional amendment. The same goes for widespread online sports betting.

The post NY Sports Betting Launch By Spring? Countdown On As Regulations May Come This Month appeared first on Legal Sports Report.

Original source: https://www.legalsportsreport.com/27734/ny-sports-betting-may-launch-spring/

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