Last updated: June 1, 2020
Status: – Legal
ETA: – N/A
The state of New York has long had a complex relationship with sports betting. It legalized the practice of four New York-based commercial casinos way back in 2013, and the first sportsbooks starting opening in July 2019.
Putting up a legal fight that helped overturn the Professional and Amateur Sports Protection Act (PASPA), the duo made New Jersey sports betting legal. What’s more, their efforts provided the foundation for other states to invoke the Tenth Amendment and exercise their right to enact their own sports betting laws.
2013 – New York voters approve a referendum to expand the state’s gambling options, permitting the state’s four commercial casinos to operate sportsbooks under the state’s Gaming Commission.
2016 – The state enacts a new law permitting daily fantasy sports (DFS) sites to welcome New York-based customers again.
January 28, 2019 – The New York State Gaming Commission approved preliminary rules and regulations that would permit the state’s tribal casinos, as well as its four existing commercial casinos, to offer sports wagering to NY-based sports fans. The 33-page proposal did not contain mobile sports betting; nor did it authorize sports wagers at racinos and off-track betting parlors.
July 2019 – The first sportsbooks opened.
Interest in legalizing sports betting in New York dates back to 2009, when Senator Adams introduced the state’s inaugural sports betting bill, targeting horse racing tracks and off-track betting establishments. The bill failed to get through the committee, despite it committing a percentage of revenue to tax relief for residents nearby the betting facilities.
During the 2011-12 session, the state considered another sports betting bill, expanding it to include wagering on college sports. Sources at the time estimated the bill would earn the state $2 billion in annual revenues, but yet again it did not advance out of the committee.
It wasn’t until 2013-14 when the referendum of New York voters saw 57% approve the expansion of casinos and sports betting in the state.
At present, legalized sports betting is available on the following sportsbooks – FanDuel, DraftKings, Rivers Sportsbook, Resorts World Catskills, Point Place, Yellow Brick Road Casino, Turning Stone.
The New York State Gaming Commission have regulatory jurisdiction over New York’s entire sports betting operations.
21. 21. The state’s commercial casinos will also be given rights to reject wagers of more than $10,000 on any sporting event.
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FanDuel, DraftKings, Rivers amongst others, but only at New York’s commercial and tribal casinos.
Not right now. Unfortunately, the preliminary rules and regulations approved by the New York State Gaming Commission in January 2019 did not include mobile or online sports betting, so it may be some time before the state expands from land-based legal sports betting.
Estimates from the American Gaming Association say that $154 billion was wagered on sports nationwide in 2016. Using a per-capita betting ratio, New York’s 20 million residents would have wagered some $9.38 billion on sports in 2016.
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