New York lawmakers Don’t pass Upgraded sportsbetting Laws

Hopes that New York would shortly become the next American jurisdiction to legalize state-wide sportsbetting were allegedly defeated on Wednesday following its lawmakers failed to pass an upgraded sports wagering legislation.

Based on a Thursday report by The Post-Standard newspaper, the letdown implies the New York State Gambling Commission will then be forced to rely on a 2013 law whether it needs to permit sportsbetting, yet this legislation supposedly includes a number of flaws that could lead to punters dismissing ‘The Empire State’ in favor of placing their stakes in neighboring New Jersey.

Last month saw the United States Supreme Court invalidate the skilled and Amateur Sports Protection Act (PASPA), which had mostly restricted sports wagering to Nevada, while the states of New Jersey and Delaware shortly took advantage of ratifying legislation of their own that legalized state-wide sportsbetting services. Hopes had been high that New York would shortly follow suit in an effort to raise much needed tax revenues to help offset a projected $4.4 billion funding deficit.

The Post-Standard reported the five-year-old Upstate New York Gambling Economic Development Act stipulates that sportsbetting can only be offered inside the eastern state’s four new integrated casino resorts, which encircle the Resorts World Catskills, Tioga Downs Casino Resort, Del Lago Resort Casino and Rivers Casino Resort Schenectady properties, while also prohibiting wagers on any collegiate event taking place in the New York.

In additionthe 2013 law reportedly only enables punters to put outcome and in-play wagers in person without mentioning online sportsbetting while moreover dismissing the issue of sports wagering at aboriginal-run venues such as the Turning Stone Resort Casino located near the upstate town of Verona. This over 3,400-acre centre is conducted by the federally-recognized Oneida Indian Nation and has purportedly argued that its gaming compact will permit it to provide such solutions if they were to be made available elsewhere in New York.

The newspaper reported that, barring a special legislative session, New York lawmakers will not be able to revisit the issue of legalized state-wide sportsbetting earlier January while the New York State Gambling Commission has yet to divulge how it intends to proceed.