Upstate New York Senators Favor Banning Professional Sports Betting
The New York State legalized sports betting in 2021. Although it is not yet on-line, New York is now having legal sports betting. Up to now only twelve upstate gambling casinos can be operated out of the state. Also, only twenty-four racetrack locations can host horse race betting, daily fantasy sports betting and lottery gaming. Horse racing and daya-day fantasy sports betting are both controlled and legalized in New York
Gambling bills are being considered as a bill to legalize sports betting in New York State. These would be the New York State Racing Commission, State Athletic Commission, State Gaming Control Commission and the New York State Office of the Comptroller. These three bodies are currently considering a bill that could potentially be voted into assembly. If passed, the new laws would open up all sports betting in New York State starting in July 2021.
There are two types of legislation that are proposed. One type of legislation would allow online sports betting in New York, while the other would prohibit it. The first legislation allows for online sports betting through software like an Internet poker room. The second legislation prohibits it.
If passed, the new law would basically allow all New Yorkers to gamble on sports betting games. Anyone over the age of eighteen could legally place a bet on any game that is played in New York State. There are some exemptions though. Anyone under the age of eighteen who is in the custody of a parent would be restricted from participating in sports betting games. An individual who has a criminal record or is under investigation for gambling fraud would also be restricted from participating.
This new law will be most beneficial to upstate New Yorkers. Upstate is home to many popular sports betting locations. Many people enjoy playing in the upstate New York area and would love the opportunity to take their bets over the internet. However, there are many people who live in New York City and do not have access to New York’s many sports betting establishments. They would miss out on earning money by placing a bet on a New York sports team in a brick and mortar casino.
New York is home to many of the nation’s most popular upstate casinos. These include such famous names as the Adego Casinos, Blackjack City, Cardano Casinos, Foggey’s Palace, Majestic Palace and Paradise City. The New York State government is taking advantage of this by making the upstate gambling laws more restrictive. In order to stay in business these companies will have to take all forms of payment card payments. This includes credit cards and electronic checks.
The upstate New York State government is trying to protect the integrity of the games by making it harder for people to place wagers on games. They are doing this to prevent people from gaming the system and cheating the system. In their effort to protect the games the New York State government has placed limits on the amount of money which can be placed on any one game. The hope is that this will keep the professional sports books from having to cut back on their profits in an effort to stay in business with New York’s government.
Many of these lawmakers have ties to the New York State Democratic Party. It is no wonder that the legislature is looking to tighten the no-wagering laws. This is yet another example of politicians attempting to control and regulate a highly lucrative part of the New York sports betting market. The upstate New York politicians are looking to limit consumer choices and limit investment opportunities.