Football grows sports betting in New York
The beginning of the American football season drove sports betting revenues up in New York as the four upstate casinos took in record figures during its first week.
US.- The sports betting industry continues to bloom in the US and the NFL season has pushed it even further. During the first week of the football season, the four upstate casinos posted record sports betting revenues in New York.
Rivers Casino & Resort in Schenectady brought in US$346k after payouts to winners and before taxes. It was twice the record set during opening week in mid-July.
The del Lago Resort and Casino brought in US$264k; Resorts World Catskills collected US$185k and Tioga Downs Casino raked US$106k.
Sports betting in New York continues to grow and it expects to keep doing so in the future.
NCAA’s push
Sports betting became legal in the US in May 2018 after years of fights between states and sports leagues. Now that the sports betting market is legal nationwide, the collegiate sports body NCAA wants a federal sports betting legislation.
New York Senator Chuck Schumer and Utah Senator Mitt Romney are collaborating on a federal sports betting legislation, according to ESPN. The legislation would be similar to the Sports Wagering Market Integrity Act, which was introduced in December 2018 by Schumer with retired Orrin Hatch. However, that bill did not have the desired effect.
The NCAA is actually in favour of prohibiting betting on collegiate sports, and for that to be in federal legislation. However, there are multiple legal questions around such a move.
