Before New York State can consider the NY mobile sports betting efforts, it must first review the study commissioned by the State Gaming Commission. The debate over online sports wagering in the state has been going on for more than a year.
However, NY State is not closer to legalizing sports betting than it was a year ago. The New York Gaming Commission hired Spectrum Gaming Group to come up with a study on online sports wagering.
Due to the coronavirus, the Gaming Commission gave Spectrum more time to complete the study. As a result, there will be an added delay in the legalizing process of sports betting in the state.
Spectrum Gaming started the study last November. Also, its deadline for submission of the survey was June 1. However, the NY Gaming Commission gave the company more time to complete their research. Based on Discount Pay Per Head reports, the commission didn’t provide Spectrum a new deadline.
White label sports betting solution sources stated that regulators wanted to consider the potential impacts of the coronavirus pandemic on existing and future gaming developments. Thus, they gave Spectrum more time to measure their concerns adequately.
The delay frustrated supporters of sports betting in the state. Other states have already legalized sports wagering, including New Jersey. The NY neighbor is now the leader in sports betting handle, with a handle of $4.5 billion last year. Thus, New Jersey earned $36 million in tax revenues.
However, New York failed to capitalize on the sports betting boom in the US. State lawmakers haven’t been able to get their act together that would make sports wagering legal.
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