The Governor of New York Is Doing About Mobile Sports Betting

New York Governor Doing About Mobile Sports Betting – New York Governor Andrew Cuomo completely changed his stance on mobile and online sports betting in the Empire State.

In a press conference Wednesday, the governor announced his plans for a state budget proposal and said he would include expanding sports betting, which is currently only allowed in upstate New York casinos.

Cuomo said his government believes that legalizing online betting could generate $500 million in annual tax revenue for the state, which is currently experiencing a budget shortfall. He also said the state’s Lottery Division would develop and regulate the market, according to a report from the Rochester Democrat and Chronicle.

The casinos will partner with the state, but the government will ultimately run the market.

“Many states have done sports betting, but they basically allow casinos to run their own gambling operations,” Cuomo said. “It makes a lot of money for the casinos, but it makes a lot of money for the state. And I’m not here to make a lot of money for the casino. I’m here to raise funds for the country, so we have different models for sports betting. ”

Over the past few years, Cuomo has opposed expanding sports betting into the virtual realm, citing constitutional issues. When lawmakers passed sports betting regulations for the state in early 2019, Cuomo was convinced that in order to legalize online betting, an amendment to the state constitution would have to be made.

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