New York is home to a fairly large number of popular casinos. For several reasons, however, there are no real casinos in New York City currently operating. Many state officials are now taking issue with this fact and feel that things should change.
Analysts believe New York would benefit from expanding its gambling industry. The state has struggled to compete with many of its neighboring states in the casino and sports betting departments. Now is a great time to talk about how things could change here in the near future.
Let’s get into it!
New York Seems Close to Finally Allowing Online Sports Betting
The state of New York is well-known for having one of the most passionate sports fan bases in the country. Unfortunately, state leaders here haven’t capitalized on this fact. Lawmakers here have been hesitant to expand the sports betting industry here in any major way.
The first legal sports wager was made here in 2019. As of now, only land-based sports betting is available. That has made it difficult for sports betting operators to generate revenue with the events that have unfolded since March of 2020.
There has been a real push to allow online sports betting here lately. Analysts point to states such as New Jersey and Pennsylvania with regulated online sportsbooks up and running. These states are earning a massive amount of tax revenue from these internet gambling operations.
Officials in New York can no longer deny this fact. Even Governor Cuomo, who has been largely anti-online gambling over the years, seems to be embracing a change. He is actively in talks with other officials on how to safely launch the state’s online sports betting platforms.
This could end up being a game-changer for New York. It will almost certainly result in a major revenue spike. As of now, there is still no official date set for the state’s online sportsbooks to go live.
Many also feel that New York should begin to expand its casino industry. Here’s what we know about this situation.
Business Officials Push to Allow Real Casinos in New York City
The casino industry in New York has been steadily increasing since 2013. That year, state leaders began allowing commercial casinos to start operating. None were given permission to operate in New York City, though.
State leaders have long pushed against allowing Class III casinos in NYC. They believed these venues could cause a variety of unintended issues in the city. That idea seems outdated, however, when considering many of the successful casinos in other major US cities.
New York is beginning to realize that fact. Several prominent business leaders in different parts of the city are now supporting the push to allow real casinos in New York City. That includes leaders in The Bronx and Westchester County.
Most of the focus seems to be on allowing table games inside the Empire City Casino. This venue is one of the only ones in the city currently able to offer slot machines and other electronic games. There are now many that want to see this venue become a real, traditional casino.
Council member Shanae Williams believes this will end up bringing more money into Yonkers, where the Empire City Casino is located. “It would mean more money to help with a lot of different community projects, and I think that’s what we need right now in Yonkers,” she said.
Governor Cuomo has shown a willingness to look into this idea. Of course, he is facing a variety of other issues at the moment that are likely taking his attention. We’ll be sure to offer more updates on any possible casinos in New York City over the next few months!
Atlantic City is Still in Recovery Mode
New York seems close to allowing many new gambling options. Over in New Jersey, the casino companies have a different focus. Rather than looking at expansion, these casinos want to simply get back to the way things were in 2019.
Atlantic City has been hit hard over the past twelve months. There are some clear signs that things are beginning to improve here. Revenue figures are still far below what was seen just a couple of years ago, though.
As infection rates drop, Governor Phil Murphy has slowly begun lifting restrictions on Atlantic City. This is giving the casinos here a little breathing room to attract players. Even major sports leagues are now making the move into AC.
News broke today that the Professional Fighters League plans to hold its upcoming tournament bouts inside the Ocean Casino-Resort in Atlantic City. These bouts will take place inside a “bubble” without any fans in attendance. It goes to show how far things have come here since last year.
Many believe February’s gaming revenue figures will break records. The Super Bowl likely brought an unprecedented amount of wagers. Hopefully, that money helps to keep the gambling properties here afloat during these difficult times.
Do you think we’ll see real casinos in New York City soon? Let us know in the comments section below.