Will New York Regulate Sports Betting if NJ Wins its Case?

As you probably know, New York is one of the biggest paid-entry Daily Fantasy Sports market in the United States – and it is a state where DFS is legal and well regulated, after becoming the epicenter of a country-wide scrutiny of the business a few years back. At the same time, it has given the green light to big wagers on & by star-studded celebs through its betting bills – sports betting could become legal and regulated in New York once the federal government decides to lift a decades-long ban on anything to do with it. Recently, the question has gained some actuality – the US Supreme Court has held a hearing on the “Christie vs. NCAA” case, one through which New Jersey governor Chris Christie wants to repeal the PASPA (the Professional and Amateur Sports Protection Act of 1992) by proving that it’s unconstitutional – it represents too much of an interference with the states’ rights to legislate for themselves. And it might be the first step toward true change.

But having a gambling bill ready and actually pushing through sports betting regulation are two different things. And now that sports betting might return to the United States in a regulated form, the question to be asked is whether New York will act on its freedom to do so if and when it happens?

The most likely answer to this question is “Yes”. Aside from Pennsylvania, New York is the only state where sports betting is regulated (pending on the repeal of the federal ban on the matter). “Racing and Pari-Mutuel Wagering and Breeding Law Section 1367 is enough for New York to move forward with sports betting, should the Supreme Court throw out PASPA”, Sen. John Bonacic told LegalSportsReport.com last November. “However, as you pointed out in your article, other entities are seeking the opportunity to offer it as well. That will be the subject of much discussion in the next legislative session”.

As in Nevada (we can’t talk of any other states with such a legislation in place), sports betting will likely be restricted to New York’s four commercial casinos: the del Lago Resort & Casino, the Tioga Downs Casino, the Rivers Casino & Resort Schenectady, and Resorts World Catskills. Of course, specific rules and regulations will have to be worked out first – until then, the discussion is purely theoretical. But it’s likely that it will try to keep up with its neighbors, Pennsylvania and New Jersey, on this matter, given the potential of this business to generate income not only for sports teams and leagues but the state’s purse as well.

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