The iGaming market in the United States has seen a lot of progress last year. The number of states that legalised some form of gambling has increased and is continuing to do so. For example, we’ve reported that Michigan approved 15 provisional gaming licences for the online gambling and sports betting partners of the state’s commercial and tribal casinos. On the other hand, some states saw records in revenue for the last few months for 2020, including Tennessee which debuted with £95 million in wagers with gross payouts at £87 million. This made Tennessee the state that generated more in revenue than any other in history.
Now, the New Year has started and the US states haven’t stopped their work in terms of iGaming market expansion. The last news came from New York where Gov. Andrew Cuomo proposed legalising mobile sports betting in the state.
Cuomo introduces a different approach
After it was announced that New York speeded up the iGaming legal process, Gov. Andrew Cuomo is finally all in. Last week, the 2021 New York State Assembly and Senate legislative session started and Cuomo proposed mobile sports betting legalisation. He explained that mobile sports betting is one of the ways to lessen the financial impacts of the crisis. Moreover, he added that New York has the potential to become the largest sports betting market in the US, so legalising mobile sports betting will keep millions of dollars in tax revenue in the state.
Cuomo’s proposal includes a different approach to legalising mobile betting. He said that he wants to legalise mobile betting “the way the state runs the lottery where the state gets the revenues”. At the same time, he opposed allowing casinos to offer mobile betting because he wants to raise funds for the state, not make casinos a lot of money. Otherwise, for bettors, it is exactly the same. The only difference would be that the state gets the money.
New York lawmakers question Cuomo’s proposal
Not everyone agrees with Cuomo’s proposal. Senator Joseph Addabbo said that he wants to work with Cuomo, but has concerns with his proposal. He explained that the state has a draft of a proposal from both the State Senate and Assembly that is already in place and ready to be moved on. That approach includes using multiple skins throughout the state, so several platforms can be opened. Moreover, Addabbo’s approach allows multiple job opportunities which will help the state’s economic crisis.
Furthermore, Addabbo said that states with lottery-run, single-source sports betting platforms have had many issues in the past. His Senate Bill would have other sports facilities such as arenas, stadiums and racetracks as affiliate sports wagering locations that would have individual self-service kiosks through partnerships with any one of the casinos. Some of the most popular sportsbooks that already partnered with casinos in the state include DraftKings, FanDuel, and BetRivers.
As it seems, the New York state will accept Addabbo’s proposal as he introduced the Senate Bill 1183 which is currently in the Senate Racing, Gaming And Wagering Committee. This bill would allow four commercial casinos and tribal casinos to offer mobile betting. Each casino would receive two online skins to partner with online platforms, which makes a total of 14 mobile sports operators in the state.
It’s up to see what will happen and questions still remain about what mobile sports betting will look like in New York.