Regulator to approve sports betting in New York

Regulator to approve sports betting in New York

The 60-day period will run through May and, should the commission meet that month, the segment may go live.

The New York Gaming Commission may legalise casinos to host sports betting in New York after May 20.

US.- The New York Gaming Commission (NYGC) has voted to approve sports betting regulations and launched a public comment period. The 60-day period will run through May and, should the commission meet that month, the segment may go live.

The NYGC can adopt, withdraw or revise rules. Therefore, if it meets in June, it could select a date for sports betting in New York to begin that month.

Sports wagering would be allowed at the four privately owned non-Indian-owned casinos. The commission only allowed sports betting at casinos, for which they must set up special lounges. Unlike New Jersey’s stance, no online or mobile bets will be legalised.

Resorts World Catskills has already announced it will take on the segment. Parent company Empire Resorts said its new sports book will occupy 6k square feet.

The casino segment is already celebrating

Rivers Casino & Resort Schenectady also reacted in a public note, signed by Acting General Manager, Justin Moore. The executive celebrated the intention to regulate sports betting in New York and said they will take part.

“We’re extremely pleased that sports betting regulations have been released for public comment,” the casino operator said. “We are looking forward to introducing one of the first licensed sports books in the state of New York at Rivers Casino & Resort Schenectady. It’s very exciting to be able to bring sports fans and sports bettors into the casino to place legal wagers for the first time.”

Sports betting continues to expand in the US after PASPA got revoked and the state may jump into it soon. The NYGC may decide to approve sports betting in New York but will wait for more public comments. The period will end on May 20, and then, the commission will decide.

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