New York Stadiums and Race Tracks Could Offer Sports Betting in Near Future

New York has lagged behind many other states that have already launched mobile sports betting. Fortunately for New Yorkers, state Senator Joseph Addabbo has a plan to help get the industry up to speed. Senator Addabbo has been at the forefront of legalizing online sports betting in New York.

Addabbo, the chairman of the Senate Committee on Racing, Gaming, and Wagering, recently introduced a new bill that would allow for onsite sports betting kiosks at stadiums and race tracks. 

The new bill would require a partnership between the onsite provider and one of NY’s licensed sports betting app providers. Also, one of the state’s video lottery terminals (VLT) operators, Resort World, would also be a viable potential partner for racetracks and stadiums. 

Hub-and-Spoke Model 

Other states, such as Florida and California, have proposed hub-and-spoke models for their sports betting industry. Senator Addabbo has proposed a similar approach for sports betting in New York. 

Under Addabbo’s model, the “hub”, or platform providers with servers in upstate New York, would be able to work with licensed operators, or “spokes”, throughout the state. This model would allow kiosks to run throughout New York while still complying with current state law. 

At present, there are nine operators, including eight sports betting platforms, approved by the New York State Gaming Commission. These include: 

  • BetMGM
  • Resorts World (VLT operator)
  • DraftKings
  • FanDuel
  • PointsBet
  • Wynn Interactive
  • Caesars Sportsbook
  • Rush Street Interactive
  • Ball BET

Other Proposed Changes 

Addabbo’s recently proposed bill is just one of many changes the democrat from the 15th district is pushing for. Senator Addabbo has also worked with fellow legislator Gary Pretlow to introduce bills calling for expedited casino licenses in the lower part of the state. Currently, three licenses are scheduled to be awarded in downstate NY in 2023. Addabbo and others are pushing for 2 of the 3 licenses to be handed out in 2022 instead.

In addition to handing out more licenses, Addabbo has opened the door for conversation regarding fixed-odds racing. Addabbo has been adamant about wanting to improve the horse racing industry, and supporters of fixed-odds racing believe they have the fix. Detractors have said that moving away from the current pari-mutuel model will deplete the traditional betting pool. However, those in favor of the switch believe the influx of new bettors will offset the loss and help the industry grow.

This potential change in New York horse racing betting is still in the talking stage, but Addabbo has been consistent with wanting to at least discuss any options to improve the gaming industry in the state. Also, New Jersey recently approved their own regulations for fixed-odds racing. If the changes in NJ prove to be successful, it is reasonable to assume that Addabbo and others will push for similar legislation in New York. 

Wrapping Up

New York State Senator Joseph Addabbo has been a longtime advocate of sports betting in NY. With his new bill, the Racing, Gaming, and Wagering Committee Chairman aims to help the mobile sports betting industry hit the ground running. If passed, the new legislation would allow sports betting licenses to operate kiosks at race tracks and stadiums within the state. Other legislation would also allow for new licenses to be issued to two downstate casinos earlier than currently scheduled. 

Addabbo and others who support the new pieces of legislation hope to pave the way for NY’s sports betting industry to expand quickly. Neighboring states have already seen historic revenues fueled by their mobile betting industries. Supporters hope that the income generated by mobile betting will help New York’s economy recover In the wake of the COVID-19 pandemic.