New York assesses sports betting legislation

New York sports betting

New York will soon have sports betting going. (Credits: usasportsbooksites.com)

After SCOTUS ruling, New York will study the best way to regulate the sports betting market and will take its time.

US.- The Supreme Court of the United States (SCOTUS) allowed sports betting to be legalised nationwide after ruling against the Professional and Amateur Sports Protection Act (PASPA). New York is set to discuss the best way to adopt the segment and take advantage of it, but it is expected to take its time and consider the best way to do so.

According to Sen. Joseph Addabbo, who’s also a member of the New York State Senate Racing, Gaming and Wagering Committee, it’s important to take time to think the best strategies to implement sports betting safely. “It can be done administratively, but I think it will be mostly legislatively,” he said. “We got the green light, but that doesn’t mean we should run into something.”

“There are so many questions like that and we have to answer them in a methodical way,” Addabbo added. “We’ll start betting in New York small and ramp it up as the years roll on in an effort to protect all factors.”

The Upstate Gaming Economic Development Act of 2013 already contained a provision that would allow legal sports wagering at casinos if it were to be legalised on the federal level. However, lawmakers want to take it slow and assess the best way to get the segment going without any negative impacts.