New York Governor backs sportsbetting for upstate casinos

Commercial places to gain:

According to a report from the local Democrat and Chronicle paper, 61-year-old Cuomo used Tuesday day ’s Condition of the State address to call the New York State Gambling Commission to formulate specific rules so that sportsbooks could be premiered inside Rivers Casino and Resort Schenectady, Tioga Downs Casino Resort, Del Lago Resort and Casino and Resorts World Catskills Casino Resort.

Tribal provision:

The paper reported that these four new casinos were authorized in 2013 after state legislators accepted the Upstate New York Gambling Economic Development Act. This measure purportedly also contained a provision that permits these places as well as their seven aboriginal counterparts to provide sportsbetting so long as the skilled and Amateur Sports Protection Act (PASPA) national prohibition was repealed, which happened in May through a ruling from the United States Supreme Court.

The Democrat and Chronicle reported the three-term Governor is reportedly facing a budget shortfall of about $3.1 billion and is hopeful he can start filling at least a portion of the gap with new sportsbetting tax revenues generated from as early as May.

Cuomo’s announcement reportedly read…

“We spent in upstate casinos. Let’s authorize sportsbetting from the upstate casinos. It’so. It’s a reality and it’ll help create activity in those casinos. ”

Agreements set up:

But before this could happen, the Democrat and Chronicle reported the New York State Gambling Commission must create the right stable of regulations setting out what could be provided and just how much the state’s casinos will be required to pay in tax. The paper detailed the regulator is not scheduled to meet again before January 28 although any implementation process could proceed quickly owing to in place partnerships involving each of the industrial properties and recognized sportsbetting companies.