New York online betting won’t make the cut
Governor Cuomo seems busy with other topics besides discussing whether New York should legalise online sports betting.
US.- New York is dealing with COVID-19 and online sports betting may turn into yet another victim. The segment would’ve been included in the state’s budget, but Governor Andrew Cuomo remains reluctant to include it.
The state has until April 1 to include the vertical in the budget. However, as reported by Legal Sports Report, the top official and lawmakers remain on opposite sides of the measure. While Cuomo dislikes the idea, the Senate negotiating team pushes to approve it.
Cuomo has the idea that, in order for New York to launch online betting, the state constitution needs an amendment first. However, Sen. Joseph Adabbo and his colleagues disagree.
Sports betting struggles in New York
New York sports betting hit a major low in February with the state’s four licensed casino operators posting a US$179,500 loss during the month.
The Del Lago Resort and Casino and its DraftKings-operated sportsbook was the only casino to report positive revenues, generating $98,000 during the month.
Rivers Casino & Resort posted a US$38,000 loss, while the FanDuel operated sportsbook at Tioga Downs lost $94,040 during the period. Resorts World Catskills took the biggest hit, losing $145,000.
