Sports

Cuomo to again cell sports activities betting in New York (report) – syracuse.com

Albany, N.Y. — Gov. Andrew Cuomo will call for legalized online and mobile sports betting in New York as part of his State of the State address next week, according to the New York Daily News.

The measure will help raise much-needed revenue as the state continues to deal with the financial fallout of the Covid-19 pandemic. The state is projecting a budget deficit of over $15 billion in the next fiscal year after losing about $14 billion in the current year.

Cuomo has been hesitant to support online sports betting in the past, but legalizing it could bring the state millions in new revenue, according to the News.

“New York has the potential to be the largest sports wagering market in the United States, and by legalizing online sports betting we aim to keep millions of dollars in tax revenue here at home, which will only strengthen our ability to rebuild from the Covid-19 crisis,” Cuomo said in a statement, according to the News.

The state began offering in-person sports betting at its casinos in 2019. Experts have said the state has been leaving lots of money on the table by not offering online betting too.

The new proposal will require mobile betting operators to be licensed by the state and partnered with a licensed gaming facility, according to the News.

It would place the servers running online operations at Upstate casinos that currently have approved sports betting on site. The state Gaming Commission will issue a request for proposals to offer mobile betting if it becomes law.

The commission will also expanding existing programs to ensure mobile betting apps use all necessary safeguards against abuse and addiction, the News said.

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