New York suffered tremendous revenue losses during the pandemic. Thus, NY turns to online sports betting to generate money to supplement its budget. Lawmakers proposed S17D that would allow players to wager on sports using mobile apps.
New York allows sports betting through retail locations. At present, seven sportsbooks are operating in the state. However, there are no online sports wagering platforms. Before the coronavirus pandemic, NY residents who wanted to wager on sports online would go to Pennsylvania or New Jersey.
Players placed their bets using mobile apps in the two states. As a result, New York is losing out on revenue opportunities due to the lack of access to the apps. Also, the state missed out on advertising and licensing opportunities that would bring revenue.
According to bookie pay per head reports, Governor Andrew Cuomo rejected legalizing online sports betting because it violated its constitution. Also, Cuomo said that online sports wagering doesn’t fit the description of what’s allowed by New York’s laws.
Before you learn how to be a bookie in New York, Bill S17D needs to pass first. However, its progress stalled due to the coronavirus pandemic. Senator Joseph Addabbo Jr. believes that it is necessary to refuel the economy.
According to sports betting software sources, the state’s budget deficit increased from $7 billion to $17 billion during the pandemic. If S17D passes, New York will gain additional revenue from online sports betting.
Senator Addabbo said that online sports betting adheres to the state’s constitution. If the server that accepts the bets is on the land of a licensed casino, it complies with the constitution. Also, it means that online betting will only be allowed within a specific distance from one of the seven authorized gambling locations.