NY prepares a sports betting bill
Rumors of sports betting legalisation in New York State have grown this week.
US.- New York State may legalise sports betting industry by 2017, as local media reports. Although the official bill has not been introduced yet, the New York Assembly member J. Gary Pretlow is seemingly writing the first draft. The amendments would be implemented in the current gaming bill in order to include the sector as a legal business.
However, New York legislators may face further legal battles as it is already happening in New Jersey, after its attempts of regulating the sports betting industry. The neighboring state has appealed its development of legislation to the national Supreme Court as professional sports leagues (NFL, NBA, NHL, MLB) have set legal challenges to prohibit the bill.
The legalisation in New York of both sports betting industry and daily fantasy sports may be resolved in court as well. But key decision makers have faith in the integration of professional leagues in the draft process, in order to gain their support.
Several months ago, the Assemblyman Pretlow commented to GamblingCompliance: “Don’t be surprised if you see a state like New York put through legislation on this very shortly. I’m looking at challenging the feds on this, but I have more homework to do.”
