N.J. Earns $837m from Mobile Sports Bettors in N.Y., Stats Put Pressure On Albany

Casino Slot Machine Floor, State of New Jersey
After a new study reported that New Jersey has received a mind-boggling $837 million in sports bets from mobile gamblers that live in New York, the pressure is on to legalize mobile sports betting in the Empire State.

New York is losing out in millions in tax revenue dollars, and with the state facing a whopping $6 billion deficit, the time to bet on legalized sports betting is now. One lawmaker is looking to change the current start of legalized mobile wagering as soon as possible, to prevent losing out even further.

State Senator, Joseph Addabbo, one of the biggest advocates of legalizing mobile sports betting in the state, said New York is “losing money in terms of educational funding. We are losing job growth. We’re losing the fact that we have an illegal activity already going on here in sports betting — we’re not recapturing that revenue. So, New York is losing out on a very large, growing market at this point.”

In response to whether New York has a market for legalized sports betting? Addabbo said confidently:

“Oh yes, our residents can’t wait to do this. They want accessibility in their own state. They want to do it in a safe environment, legally, in their own state. They are tired of going to New Jersey. They are tired of having an offshore, European online account, where it is questionable where their money is. They want to make sure they’re using the organized, regulated, safe mobile sports betting right here in New York state.”

Mobile Sports Betting Standstill in N.Y.

While Senator Addabbo is all for legalizing mobile sports betting in New York, Governor Andrew Cuomo is on the opposing side. Cuomo didn’t include mobile sports betting revenue in his executive budget for the 2021 fiscal year, even going as far as calling online betting “irresponsible” in his state address.

According to Cuomo, “this is not the time to come up with creative although irresponsible revenue sources to solve a problem which doesn’t really exist.”

The time is ticking to get the governor on board for mobile sports gambling legalization. According to Addabbo, the state has until March to do just that. And their best bet is getting it put into the budget:

“We can introduce a separate bill, but it’s much more likely if it goes in the budget,” Addabbo said.

Legal Sports Betting in N.Y.

Although legalized mobile betting isn’t a possibility in the state as of now, Governor Cuomo has included a small sports betting expansion in his budget proposal.

Currently, on-site sports betting is allowed at authorized casinos, and restricted to those casino’s designated sports lounge areas. Cuomo’s expansion would allow gamblers to bet anywhere on casino grounds, not just the designated sports lounge areas.

The authorized New York casinos include: Resorts World Catskills, Rivers Resort & Casino Schenectady; Tioga Downs, and del Lago Casino & Resort.

In full-service casinos operated by the Akwesasne Mohawk, Oneida, and Seneca nations, sports betting in their lounges is also permissible.