New York and Pennsylvania Working on Their Respective Sports Betting Bills
A new and lucrative market is emerging, with a number of states wanting to get in on the action, including New York and Pennsylvania.
New York’s Lawmakers Are in a Hurry
The legislators in the Empire State are eager to approve a bill before the current session comes to a close on June 20. To complete the job before this date, a series of hurried discussions have been held so far.
At the same time, various sports betting proponents are holding meetings with New York’s politicians. One of those advocating for sports betting, a former Yankees manager and Major League Baseball lobbyist Joe Girardi, explained the had told state legislators to find a solution that would protect the integrity of the game – this session.
A somewhat modified version of the previous proposal, introduced by state Senator John Bonacic, was introduced last week by Gary Pretlow. This bill includes a controversial clause which introduces a sports betting handle for the league on whose games residents of the state of New York will wager.
Under its provisions, up to 0.25% of sports wagers will be paid to the leagues, provided the sum doesn’t account for more than 2% of the sports betting revenue of the operator in question.
Commenting on the efforts to pass the bill by June 20, Both Bonacic and Prelow are confident the proposal will gain sufficient support in their respective chambers. However, Assembly Speaker Carl Heastie doesn’t think so. Heastie admitted he wasn’t a big fan of gambling and added that Assembly Democrats wouldn’t signal a consensus opinion yet.
According to Buffalo News, Bonacic said that Governor Andrew Cuomo was the one with the wild card. On the other hand, Cuomo doesn’t want to make a quick decision on the matter, saying he wants to go slowly to ensure a proper study is conducted. Still, Bonacic reminded the state’s gun control legislation was approved under the tighter time frame.
Meanwhile, across the State Line…
In neighbouring Pennsylvania, the State’s Gaming Control Board (PGCB) has announced the release of the provisional sports betting regulations. All 13 casino operators doing business in the Keystone State will have to follow the new rules if they want to apply for a sports betting license.
The PGCB has stated its goal is to reach permanent sports betting regulations in the coming months, while there is no specific timeframe available at the moment. The Board’s next meeting is on June 27.
The PGCB spokesman Dough Harbach said the Board was busy preparing for the launch of intrastate online gambling and added sports betting was an important part of the state’s ambitious expansion plans.
Last week Harbach said the PGCB wanted to do things right, not quickly. However, in an interview for the Bucks County Courier Times he said that license applications could be approved before the final regulations are adopted.
- Calvin Ayre: https://calvinayre.com/2018/05/31/business/new-york-late-sports-betting-push/
- European Gaming: https://europeangaming.eu/portal/latest-news/2018/06/01/20975/lobbyists-push-albany-to-pass-sports-gambling-law/
- Gambling Compliance: https://gamblingcompliance.com/premium-content/insights_analysis/pennsylvania-pushing-ahead-sports-betting-regulations