New York State Creates Commission for Online Sports Betting

online sports betting

New York State Creates Commission for Online Sports Betting

The New York State legalized online sports betting in 2021. However, at that time, only a few states were practicing Internet gambling, including New Hampshire, Maine, Massachusetts and Nevada. Fast forward to present day, all but one state, has legalized Internet gambling and online sports betting. New York is currently the only state yet to legalize online sports betting. However, the New York State Assembly has already voted in favor of legalizing online sports betting by 2021.

In the mean time, online daily fantasy games and virtual horse racing betting serve as the second closest options to traditional mobile sports betting. Numerous types of online sports betting are now legal in New York, though not yet regulated by state law. Horse and Greyhound betting:

New York’s New York State Racing Commission has approved two horse racing tracks to host the first two televised races in the New York Metropolitan Area in 2021. According to the New York Daily News, New York State Senator Carl Marzano “voted against the resolution because he doesn’t believe the new laws will benefit the state.” According to the New York Times, Assemblyman David Morehouse (D-NY) said that the legislation is “good for business.” The New York State Department of Financial Services and the New York State Department of Sports & Entertainment are in talks with the New York racetrack owners to find a mutually agreeable television deal.

State lawmakers want to legalize online sports betting in New York because they feel it will generate more revenue for the state, which is experiencing a large loss of tourism revenue. The sponsor of the bill, state senator Carl Marzano believes it is a way to attract more casino and gambling casinos to the state. However, others who are against legalize of betting feel it will open the door for organized crime to take advantage of this legislation. The proposed legislation would also legalize sports books as well as mobile sports betting. However, officials from the state’s district attorney’s office are against legalizing sports betting saying that it would encourage organized crime.

According to the New York Daily News, Majority Leader Dean Graziano said that he thinks it is a bad idea for the state to legalize online gambling. Graziano also believes that it will open the door for organized crime to take advantage of the law. Graziano is the chair of the House Government and Legal Committee. Majority Whip Rep. James P. Sensenbarger (R Staten Island) believes that the proposed law would help legitimate sports books in online betting and protect the integrity of the daily fantasy sports industry in New York and throughout the country.

Even some members of the New York State Assembly and Senate who are in support of legalizing online sports betting feel that the legislation should be taken up at a full session. Graziano believes that there are many concerns that need to be addressed before the bill can go into effect. He claims that there has not been enough time for full research within the New York State Assembly and Senate concerning the issue. A hearing on the matter was canceled by Governor George Pataki, just before it was to take place.

State Senator Charles Spencer (D Suffolk County) also believes that the New York State Attorneys General should investigate the New York Daily Fantasy Sports Betting Commission. He has also called for an investigation of the National Collegiate Athletic Association and the NCAA’s Division II Men’s Soccer Division. These are two major collegiate athletic associations that have strong ties to the daily fantasy sports sites. He has also called for an investigation of the State Department of Financial Services for their ties to the New York DFTs. An article in the New York Daily News reported that Spencer has requested that investigations into these ties be widened.

In the end, there is still a chance that this bill could fall through. Republicans hold a slim majority in both the House and the Senate and there is little chance that they will lose the House or the Senate. If they do lose one of their seats, they may well try to gain it back in the upcoming midterm elections. For now, it appears that this proposed legislation will not make it to the desk for a final vote in the House. This leaves the state of New York with a problem. As mentioned, they have been trying to move forward with the legislation but the Governor has indicated that he may sign the bill if it passes the House.