New York State Gaming Commission Conditionally Approves Proposed Sports Wagering Regulations

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On January 28, 2019, the New York State Gaming Commission (“Commission”) voted to conditionally approve proposed sports wagering regulations for the state. The approval of these proposed regulations is an important event in the fast-developing landscape of legal, state-regulated sports betting. Until 2018, the Professional and Amateur Sports Protection Act (“PASPA”) generally made it unlawful for states to authorize commercial sports gambling. That changed on May 14, 2018, when the United States Supreme Court held in Murphy v. National Collegiate Athletic Association that PASPA’s prohibition was unconstitutional. In the wake of Murphy, several states rushed to legalize sports betting, hoping to turn a chunk of the estimated $150 Billion in yearly illegal wagers into much-needed state revenue. Please see full Memorandum below for more information.

By following the link below you can download the regulations

https://www.jdsupra.com/legalnews/new-york-state-gaming-commission-57415/