New York ready to launch sports gambling
Regulators approve the introduction of sportsbooks in four casinos yesterday
New York gaming regulators were to meet yesterday to determine whether or not the state is ready to see the launch of sports gambling. That meeting has taken place and the outcome is favorable to all gamblers anxiously waiting for sportsbooks to make their way to the Empire State. Regulators with the New York State Gaming Commission have signed off on rules to govern sportsbooks and the first wagers will be seen in the very near future.
Four upstate casinos and the state’s seven tribal casinos will offer sports gambling. The last step before bets can be placed is the issuance of licenses, which is expected to begin taking place in the following weeks. If everything goes well, sportsbooks will accept their first bets as early as August 1, just ahead of the upcoming NFL season.
All betting will take place in person at the venues – Resorts World Catskills in Sullivan County; del Lago Resort & Casino near Waterloo in the Finger Lakes; Tioga Downs west of Binghamton, and Rivers Casino & Resort in Schenectady. No online sports gambling has yet been authorized and wagers will be allowed on professional games only, with lawmakers deciding to keep high school and college sports out of the picture.
If online sports gambling gets the green light, which could happen before the legislative body adjourns on June 19, New York is looking at potentially taking as much as $1 billion annually. This would easily surpass Nevada’s levels and give the state a tremendous economic boost.