NY online sports betting was mentioned during the State of the State, but there is still a gap between Governor Cuomo and state lawmakers.
New York Governor Andrew Cuomo delivered the State of the State on Monday morning, but those seeking more information on NY online sports betting were left hanging. We know that Gov. Cuomo is open to mobile sports betting in NY and he plans to use a single-source platform.
Gov. Cuomo’s plan is to take proposals from sports betting operators who already have a partnership with brick-and-mortar casinos in the state. DraftKings and FanDuel appear to be the early frontrunners to take over as the sole operator in New York if Gov. Cuomo follows through with this plan.
“At a time when New York faces a historic budget deficit due to the COVID-19 pandemic, the current online sports wagering structure incentivizes a large segment of New York residents to travel out of state to make online sports wagers or continue to patronize black markets,” Gov. Cuomo said in a press release. “New York has the potential to be the largest sports wagering market in the United States, and by legalizing online sports betting we aim to keep millions of dollars in revenue here at home, which will only strengthen our ability to rebuild from the COVID-19 crisis.”
This is just the first of four State of the States that Gov. Cuomo will be giving throughout the