The Road To Legal NY Online Sports Betting
November 2013: Voters approve a resolution calling for the expansion of gaming. Four new commercial casinos were built in designated upstate communities. The law includes a provision that authorizes these facilities to accept sports wagers if the federal ban under PASPA is overturned.
The bill does not authorize online sports betting—something that continues to lack in the state to this day.
May 2018: PASPA is overturned. NY bureaucrats set up a working regulatory framework for sports betting.
January 2019: The New York Gaming Commission releases rules for NY sports betting as authorized and constrained under the 2013 gaming expansion law. These rules remain intact today.
June 2019: State Senator Joseph Addabbo Jr., an advocate for NY online sports betting, fails to gain Governor Andrew Cuomo’s support.
July 2019: Upstate New York casinos accept the first wagers. Rivers Sportsbook in Schenectady, the first place in New York state where you can legally place a wager on a sporting event, opened on July 16.
Naturally, politicians were the first to place a sports bet. Gary Pretlow, chair of the state Assembly racing and wagering committee, placed a bet on the Seattle Mariners. Schenectady Mayor Gary McCarthy put his faith in the Boston Red Sox.
January 2020: New legislation is introduced in the General Assembly that aims to authorize online sports betting. A3294 creates a task force to report on the potential fiscal impacts of New York online sports gambling.
November 2020: Senator Addabbo estimates New York is missing out on approximately $1 billion per year without online sports betting. He continued to push other lawmakers on Senate Bill 17D, which would legalize online sports betting in New York.
December 2020: State Assemblyman J. Gary Pretlow doubled down on his support for legal online sports betting in New York. He said that the State Assembly would review the topic by 2021 at the latest. Pretlow explained online sports betting would help reduce state revenue shortages caused by the COVID-19 pandemic.
State Senator Joseph Addabbo Jr. joined in on the conversation by saying he’d like to see legal online sports betting in the state “sooner than later.”
The State Gaming Commission released betting revenue figures for November 2020, and bettors brought in $2.6 million for the state. Sports betting revenue doubled in just a year, as November 2019 saw $1.3 million in gross revenue. These figures will continue to grow if the state goes live with online betting in 2021.
February 2021: New York sports betting enjoyed a tremendous start in 2021. The state’s sportsbooks brought in a combined $3.57 million in gross revenue (through January).
January 2021: New York Governor Andrew Cuomo shocked many onlookers by declaring his support for online sports betting. The greatest surprise was his endorsement of a single-source model run by the state lottery. Why it surprised many is because the single-source model can be described as a system that has been heavily criticized in Washington D.C. Most pundits believe this system would lead to worse pricing for consumers courtesy of few options.
The New York State Gaming Commission declared $2.3 million in betting revenue for the month of December 2020. This represents a 210.6% increase compared to the previous year. New York finished 2020 with $10.7 million in sports betting revenue. The state’s sports betting industry was clearly hindered by retail locations being shut for five months due to COVID-19, which may increase support for online betting options.
April 2021: York lawmakers approve a $212 billion deal that legalizes mobile sports betting. The deal includes an online sports betting plan that closely resembles Gov. Andrew Cuomo’s vision.
Super Bowl 2022 is referenced as the early benchmark for when NY online sports betting officially launches.