Lawmakers Considers the Legislation to Expand Gambling in New York
In New York, the lawmakers have considered the legislation to expand gambling and allow the segment to go live.
The sports betting legalisation will go through a key hearing this week. The Senate Standing Committee on Racing, Gaming and Wagering will hear testimony on the segment. New York had already supported its inclusion in the US$175.5 billion state budget but has decided to remove it.
“We’re sitting on the sidelines and letting our money go out of state,” Senator Joseph Addabbo, an advocate of mobile sports betting warned. He added that the segment would generate up to US$90 million through taxation and licence fees, but only if it gets approved.
The New York Gaming Commission (NYGC) voted to approve sports betting regulations and launched a public comment period. The 60-day period will run through May and, should the commission meet that month, the segment may go live. The NYGC can adopt, withdraw or revise rules. Therefore, if it meets in June, it could select a date for sports betting in New York to begin that month.