New York is beginning to truly embrace the gambling industry. For much of 2019, lawmakers have worked on ways to bring in more revenue from the gambling industry. Upstate New York’s casino market is expanding rapidly and competition is fiercer than ever before.
There’s a lot to be excited about in this state. Today, we’re going to look at what new gambling options are now available in New York. We’ll also look at how casinos are responding to this rise in competition.
New York’s Recent Embrace of the Gambling Industry
New York hasn’t always been a gambling-friendly state. In fact, for many years, lawmakers here laid out several laws that suppressed the gambling industry. Even daily fantasy sports, which is legal in many states as a “game of skill” was prohibited by lawmakers here, who believed it to be a form of sports wagering.
Things have begun to change here. In case you’re unaware, the US Supreme Court struck down PASPA in May of 2018. Now, every state in the country has the ability to set laws on sports gambling.
Certain NY government officials immediately began calling for the state to make this form of wagering legal. Nearby New Jersey was the first state post-PASPA to legalize sports betting and immediately began making millions of dollars a month. A sports betting bill was approved by New York Governor Anthony Cuomo earlier this year.
In July, the first legal sports wager in New York was placed at the Rivers Casino in Schenectady. Now, sports betting is legal inside brick and mortar casinos around the state. Many are profiting massively from the current NFL season. Legal sports betting isn’t the only new form of gambling available in New York, though.
Not long ago, state legislators also approved commercial casinos to operate in New York. These new gambling venues, along with tribal casinos, is helping to make Upstate New York’s casino market one of the most competitive in the country.
Upstate New York’s Casino Market is Growing Quickly
There are now many different tribal and commercially-run casino venues in New York’s Upstate area. Competition in this industry has never been higher. These gambling establishments are working extremely hard to out-do each other. One of the most popular casinos in this area just won a prestigious award.
The Del Lago Casino, located in Tyre, recently gained several awards from Casino Player and USA Today. Casino Player magazine asks its readers to name the “best of the best” casinos in the country every year. Del Lago Casino was awarded for having the best hotel staff, best suite, best craps, best roulette, and best VIP services.
It’s an impressive accomplishment for this gambling venue. Lance Young, executive vice president of the casino, commented on the awards to the media this week.
“We are incredibly grateful for the 11 awards we received from Casino Player, especially because the honors were submitted by readers who are also del Lago guests,” he said.
There are some exciting new venues entering Upstate New York’s casino market. This week, Hilton has announced that it’s constructing a new hotel on land adjacent to the Turning Stone Resort Casino in Verona.
Unfortunately, not every casino in this state is flourishing. Several have struggled to generate revenue amid the rise in competition. Recently, several of these casinos have begun calling for online gambling to be made legal here.
Casinos Begin Calling for Online Casino Gambling Regulation
With so many different gambling venues in Upstate New York, it’s been difficult for many of these casinos to bring in the money they initially projected. As a result, officials at many of these casinos have begun calling on lawmakers to make internet casino gambling regulated.
New Jersey began regulating its internet casino market last year. It’s extremely successful, helping to bring the state millions of dollars every single month. In fact, more people are gambling online here now than playing inside land-based casinos.
Interestingly, there are many different online casinos in NY available right now. The state government does not regulate these websites, yet they’ve grown extremely popular over the years, particularly for those located far from the Upstate area.
Many of these websites offer just as many different gambling options as the state’s brick and mortar casinos. The majority of them are extremely safe and offer their players a wide range of easy payment options.
Upstate New York’s casino market is growing. With that growth comes a rise in competition. Hopefully, all of the casinos here manage to generate more revenue. We’ll need to wait and see whether or not lawmakers choose to make online casino gambling legal.
Make sure to stay tuned for more casino news in New York over the next few months!