Iconic sports venues scattered across New York could soon be participating in the US sports wagering gold rush, as state senator Joseph Addabbo made amendments to his sports betting bill, report local media outlets.
As the New York Gaming Commission gets set to vote to approve the activity next week, which it is thought would permit the activity at four upstate properties, namely, Resorts World Catskills in Monticello, Rivers Casino in Schenectady, del Lago Casino near Rochester and Tioga Downs near Binghamton, lawmakers spearheading efforts have made amendments that could permit racetracks, off-track betting parlors, and sports stadiums and arenas to accept bets.
It is thought that off-track betting parlors at the Saratoga, Belmont and Aqueduct racetracks, operated by the New York Racing Association, could be permitted to proceed with operations when full-service casino have debuted their sportsbooks.
However, sports facilities, which would partner with casinos as a sports betting affiliate, would operate mobile kiosks that would be owned and operated by a licence casino property within the state.
As specified by Legal Sports Report, a stadium may only serve as the affiliate in a county that does not have another affiliate, meaning venues such as Madison Square Garden, Yankee Stadium, Barclays Center and Nassau Coliseum could well be included.
With the Wednesday 19 June cut-off point fast approaching, which marks the end of New York’s legislative session, the bill maintains 8.5 and 12 per cent tax rates for land-based and mobile betting and a 0.2 per cent ‘royalty fee’ to sports leagues.
No in-person registration would be required, only one skin would be permitted per casino licence and a $12m fee would be attached as a licence fee.
Currently seven states have regulated sports betting, namely Nevada, Delaware, New Jersey, Mississippi, West Virginia, Pennsylvania and Rhode Island, with New Mexico tribes also in operation due to state compacts.
Iowa, Indiana, Tennessee and Montana are also thought to be close to joining that list.