NY Assembly Committee Advances Mobile Sports Betting Bill

NY Assembly Committee Advances Mobile Sports Betting Bill
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A day after the New York State Senate advanced its legislation for mobile sports wagering to its finance committee, the State Assembly moved its similar piece of legislation.

It is also a day after Gov. Andrew Cuomo delivered his 2022 Executive Budget in Albany and reiterated the need for mobile sports betting in New York, but stuck with his original thought process on having the state lottery run it so the state reaps the revenue.

The Assembly and Senate bills call for a model that is much different from Cuomo’s. He prefers a lottery model with few sportsbook options. That model has not worked in other states.

RELATED: Despite optimism, NY mobile sports betting has a long way to go

A1257, introduced to the committee on Jan. 7 and sponsored by Assemblyman J. Gary Pretlow (District 89), who also chairs the Assembly Committee on Racing and Wagering, was voted on unanimously Wednesday and will now move onto the Codes Committee.

“This bill includes two skins, rather than one skin,” Pretlow said during the hearing. “This bill actually creates jobs, which the governor’s won’t do. I’ve heard from all the casinos and everyone is on board.”

On Tuesday, the State Senate Committee on Racing, Gaming and Wagering Committee’s met for the first time this year. In a 20-minute meeting, the committee passed S1183, also introduced to the committee on Jan. 7 by New York State Sen. Joseph P. Addabbo, Jr.-D (15th State District), chairman of the committee.

The bill, which provides and defines the terms for regulation of sports betting and mobile sports wagering and opens wagering to multiple sports operators with locations at sports stadiums and arenas to racetracks and casinos, now moves to the state senate’s finance committee.

Not Many Details from Cuomo

Cuomo has given few details of his plan, and it wasn't made much clearer Tuesday. Cuomo’s proposed budget now goes the state legislature with a budget deadline of April 1.

“Mobile sports betting we think could raise $500 million dollars. Many states have done it. Here the question is not really whether or not we do mobile sports betting, the question is more how?” Cuomo said. “Who makes the profit and this is very lucrative. One proposal is we allow casinos to run mobile sports betting. That’s very good for casinos and the people that support casinos.

“The second alternative is to have the people of the state of New York actually get the profits from mobile sports betting and run it the way we run the state lottery, which is state-run and the state gets all the revenue. I’m with the people and I believe the people of the state should get the revenues. This is not a moneymaker for private interests to collect just more tax revenue. We want the actual revenue from sports betting.”

With two vastly different views of how sports betting should be run, the legislature and Cuomo could be in for a battle this session.

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