Sports betting at Yankee Stadium? It could happen under New York legislation
A sponsor of sports activities betting legislation in New York mentioned the invoice most probably would permit for in-person wagering at puts like Yankee Stadium and Madison Square Garden.
Assemblyman Gary Pretlow mentioned Friday the legislation he introduced this week is being tweaked and can have that provision until he receives sturdy opposition.
“That is one of the changes, that we would open it up to have affiliates such as Madison Square Garden, which has expressed an interest in doing this,” the Westchester County Democrat informed a panel at Cardozo Law School. “I think it’s a great idea.”
State Sen. Joseph Addabbo, additionally a Democrat, took a extra wary tone.
“To do it right, I think we need to do it in a very methodical manner,” Addabbo mentioned. “I see sports betting being rolled out over a couple of years, to make sure we do it both legally and respecting the integrity of the sport, which is very important, and protecting the consumer. And then I would suggest we do roll it out to the stadiums and other venues at some point.”
The Supreme Court struck down a federal sports activities playing ban ultimate 12 months. Since then, no stadiums or arenas within the 8 states that experience presented sports activities playing have on-site betting operations. New Jersey, as an example, restricts in-person playing to casinos and racetracks.
Washington, D.C. authorized playing at stadiums and arenas in December, but it surely has but to be carried out.
One function New Jersey gives this is proving a thorny factor in New York is cellular sports activities playing. Gov. Andrew Cuomo and different state officers have contended the state charter would must be amended for cellular wagering to be criminal. But on Friday Pretlow mentioned he has been resulted in consider that the governor has revised his view.
A Cuomo spokesman did not straight away go back a message in search of remark Friday.
The factor is a a very powerful one: Amending the charter could take greater than two years, and Pretlow mentioned if the management maintains its stance on his present legislation, “I won’t have the votes.”
Four upstate New York casinos had been authorized to provide sports activities playing however are waiting for ultimate regulatory approval from the state’s gaming fee. Stacey Rowland, suggest to Rivers Casino and Resort in Schenectady, mentioned the on line casino had was hoping to get the draft rules ultimate 12 months however did not get them till this January. Once they’re revealed within the state registry there’s a 60-day remark length prior to ultimate approval, she mentioned.
“The status is, we’re just waiting for what the status is,” she mentioned.
New York legislators simplest have to appear one state to the west to peer the earnings attainable of sports activities playing. In New Jersey, the state that fixed the a hit criminal problem to the federal ban, gamblers wager $385 million on sports activities in January, which incorporated about $305 million on-line or by means of cellular gadgets.
That helped Atlantic City’s 9 casinos jointly put up a earnings building up of just about 20 p.c over the similar month a 12 months previous, prior to sports activities betting used to be legalized.
“All due respect to anybody from New Jersey out there,” Addabbo informed the panel Friday. “We’re going to do it better. And bigger. We are New York.”