State of New York Leaves Online Gaming Hanging

Nearby states, like New Jersey and Pennsylvania have recently embraced online gaming, but New York seems oddly uninspired to jump on board.

(Newswire.net -- July 14, 2019) -- With the nearby states of New Jersey and Pennsylvania embracing the staggering tax revenue online gaming represents, some are surprised by the state of New York’s surprising reluctance to do what is necessary to tackle online gaming and the virtual streets of gold it promises.

In fact, the proposal for online and mobile sports gaming in New York along with another bill for online poker and casinos has netted zero traction since their introductions in 2017. With the current state legislature adjourned for the year, it won’t likely see any traction, if there is traction to be had, until 2020 at the very least.

The problem with online gaming in New York state is complex. First, there is the question of constitutionality of online gaming under the existing New York State Constitution. Combine that with concerns of pushback from other interested parties, like Tribal casinos, concerned by the competition online gaming represents and New York Governor Cuomo’s personal distaste for online gambling, in any form, and online gaming remains a hard sell for The Empire State.

Timing is yet another concern for bringing online gaming into the state. Most proponents would like it to happen within the first six months of the upcoming year to take advantage of strategic opportunities to earn big on football and other sports betting, not to mention the ever-so-important tax revenues it could represent for state coffers. This is especially true in light of new data rolling in about monthly revenues for online gaming in New Jersey exceeding $30 million per month, consistently.

Opponents are concerned that gimmicks, excessive promotions, and promises of Free Bets, zero risk gambling, and other claims will lure gamblers in with false hopes and cause great financial hardships to families throughout the state.

No matter where citizens of New York state sit on the issue, it looks like the state legislature is doing little more than sitting on the issue either, allowing it to languish for now.

https://newswire.net/newsroom/pr/00111121-state-of-new-york-leaves-online-gaming-hanging.html