Andrew Cuomo, the governor of New York has offered new and fresh hope to mobile sports supporters in the Empire State. The governor has recently joined in a press conference in New York’s Albany on Wednesday and told that though the industry lacks around a $15 billion budget, he would not think about floating taxes for the rich.
He said that he thought it was smarter to decide the budget in February because it was the time when they had the federal money. So, they did not have to cut hospitals, schools, and so on. He added that they could not lose the necessary workers in vital organizations with what they were doing then.
Meanwhile, the governor told of some other ways to source money. By this, he actually meant mobile sports betting. NY launched legal brick-and-mortar sports betting in the last year. Cuomo has impeded calls to bring mobile sports betting under the approval of law as he told earlier that would need a mass vote to tweak the constitution.
Voters of New York actually favored the authorization of sports betting at all commercial casinos when they gave their votes to approve such casinos themselves at the referendum of 2013 which was contingent on a federal law’s change. However, this merely covered brick-and-mortar betting across the state.
New Jersey neighbors quickly turn to the US market’s leader in sports gambling by welcoming mobile. In November, the Garden State had pulled in around $50.6 million. 93.6% of total handled money which amounted to $872 million was wagered through digital channels. New York could easily go beyond this.
It has been expected that almost 20% of the state’s handle’s source is New York’s approach to gambling. Sen. Joseph Addabbo of the state has championed sports betting in their relating chambers. They had said that they did not want to prolong their waiting period for the deadline of the budget in April 2021. They also couldn’t rely on the law being in early in the year due to the pandemic coronavirus.
NY Play has recently reported that it could come very quickly as the Department of Budget and the Governor had already put together a bill with what they needed.