New York regulators approve rules for land-based sports betting

New York Regulators have approved rules and regulations for land-based sports betting in the Empire State.

On Monday 10 June, the New York State Gaming Commission (NYSGC) approved regulations for land-based sports betting at four Upstate New York Casinos by a vote of 6-0.

The vote came after a 60-day comment period on the proposed sports betting regulations, which ended on 20 May.

Although the Empire State has yet to legalize sports betting legislation this year, the state’s 2013 Racing, Pari-mutuel Wagering and Breeding Law contained a section that would allow four commercial casinos to accept sports wagers in the event that federal law was changed.

The repeal of the Professional and Amateur Sports Protection Act (PASPA) triggered this part of the law, making it legal for the four casinos in Upstate New York to offer sports betting.

The four casinos are Tioga Downs in Tioga County, Rivers Casino in Schenectady County, Resorts World Catskills in Sullivan County and del Lago in Seneca County.

Three venues owned by the Oneida Indian Nation are also set to offer sports betting: Turning Stone Resort Casino, Yellow Brick Road Casino and Point Place Casino.

Now that the rules and regulations have been approved, New York has taken the next step towards launching legal and regulated sports betting.

The rules and regulations for NY sports betting

The regulations were first published in January and permit sports betting to take place in dedicated sports lounges located on casino property.

In terms of taxation, operators will be required to pay a 10% tax on sports betting revenue.

The regulations state that bettors must be aged 21 or over and wagering on horse racing and professional and amateur sports will be permitted. However, betting will not be allowed on non-sporting events.

Each casino will able to partner with one vendor to operate or assist with the operation of a sportsbook.

Resorts World Catskills is partnered with Bet365, Del Lago is partnered with DraftKings, the Rivers sportsbooks will be powered by Rush Street Interactive and FanDuel will power sports betting operations at Tioga Downs. On top of this, the Oneida Indian Nation has partnered with Caesars for sports betting in New York.

What about online betting?

The regulations do not authorize mobile or online sports betting in New York.

However, lawmakers in the Empire State have debated on the legality of online and mobile sports betting for several months now.

Senator Joseph Addabbo Jr. has made several amendments to a bill that calls for the legalization of online sports betting.

One of the amendments to Addabbo’s bill would allow certain sports facilities to offer sports betting to patrons.

Despite the support from stakeholders and other senators, Governor Andrew Cuomo has said that he doesn’t believe mobile sports betting will be legalized this year.

With the 2019 legislative session set to end on 19 June, it looks unlikely that online or mobile sports betting will be approved by the end of the year.

The next steps

Before sports betting can go live in New York, the casinos will need to apply for the necessary licenses and receive approval from the NYSGC.

The sportsbooks will also need to undergo testing to ensure they are fully functional and meet the commission’s regulations. It is not yet clear how long the testing process will take.

A launch date has yet to be set, but the casinos are hoping to have operational sportsbooks by the start of the NFL season.

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