Insight
US SPORTS BETTING FOCUS New York
Joe Addabbo Senate Racing Committee Chairman
Elected to the New York State Senate in 2008 after serving seven years in the New York City Council, State Senator Joseph P. Addabbo, Jr. continues to proudly carry on the public service tradition of his father, Congressman Joseph P. Addabbo, Sr., who served 13 terms in the United States House of Representatives from 1960 to 1986.
A lifelong resident of Queens, Senator Joe Addabbo represents the 15th Senatorial District encompassing the communities – in whole or in part – of Broad Channel, Elmhurst, Forest Hills, Glendale, Hamilton Beach, Howard Beach, Kew Gardens, Kew Gardens Hills, Maspeth, Middle Village, Ozone Park, Rego Park, Richmond Hill, Ridgewood, South Ozone Park, Woodhaven, Woodside and most of the Rockaways.
Black markets and the future of mobile betting in New York
Sports betting has gone live in the state of New York, but the future of mobile sports betting remains uncertain. While green lighting sports betting in casinos has been relatively straightforward, online sports betting is more problematic as it could require a constitutional amendment. In addition, mobile betting does not have the backing of Governor, Andrew Cuomo
“Billions of New Yorker’s dollars are being wagered on sports in the black-market. By enabling the mobile sports wagering component, we will be able to capture a majority of this illicit practice while further protecting our consumers. Senator Addabbo, our staff, and I have been working continuously to craft legislation that is considerate of all major stakeholders.” J. Gary Pretlow, Assembly Racing, Gaming, and Wagering Committees Assembly member
Current rules allow for in-person betting at the Del Lago, Rivers, Resorts World Catskills and Tioga Downs casinos as well as all tribal casinos. However, unlike in New Jersey, wagers can not be made online. Sports betting launched in the Rivers Casino & Resort in Schenectady in upstate New York in July. Shortly afterwards, FanDuel Group opened a sportsbook at Tioga Downs in Nichols.
Senate Racing Committee Chairman, Joe Addabbo, who was present at the Rivers Casino & Resort opening, lamented the loss of millions in lost revenue to New Jersey. Mobile rules needed to be changed the senator said: “I’m glad we’re breaking ground on sports betting, but it would’ve been nice to have the mobile component. But it’s a baby step.”
As New York casinos and racetracks continue to struggle online sports betting revenues in New Jersey have continue to rise. In October it was revealed that for the third time in four months, total bets in NJ sports betting beat the performance of Nevada’s sportsbooks with mobile betting dominating handle.
In addition, now that the National Football League (NFL) season is underway, sports betting revenues are on the rise. Te first week of the NFL season meant significant increases in sports betting activity at New York's casinos. In total, the four casinos recorded gambling profit of $900,000 in the NFL's first week,
P38 NEWSWIRE / INTERACTIVE / MARKET DATA
compared with $345,000 in the previous week, according to numbers filed with the New York Gaming Commission. Sports betting in the state generated $2.3m in revenue in September - a 175.3 per cent increase compared to August.
Mobile betting on sports has always been a contentious issue in the state. While state lawmakers hammered out the US$175bn budget in the state capitol, passing a raft of new measures in April, online sports betting was not included in the final package.
In May, a number of state lawmakers, led by Sen. Joseph Addabbo, introduced bill S17 that would allow mobile betting run by New York casinos. Te bill passed the Senate, but faced an uphill battle in the Assembly. In June, in a joint statement from Sen. Joseph Addabbo and Assembly Racing, Gaming, and Wagering Committees Assembly member J. Gary Pretlow announced that they had amended their legislation to address concerns expressed regarding the initial proposal.
Te amendments would enable OTBs and New York Racing Association (NYRA) facilities to begin mobile sports betting via kiosk at the same time as the four upstate casinos already authorised to offer legal wagering. VLTs, Racinos, and arenas would be phased in afterwards. In addition, the amendments strengthened protections to address problem
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