Time Running Out For New York To Introduce Sports Betting Bill
As we have reported over the last month, the hottest topic in the US right now is the frantic race to launch legal sports betting following the historic Supreme Court PASPA decision. Delaware have already launched sports betting and New Jersey has followed suite. The state of New York however is lagging behind in in their legislation leaving the window to pass state Legislature very small.
There is a political split with the Republicans supporting legislation while the Democratic Assembly Speaker Carl Heastie being reluctant on the matter leaving many to believe that there will be no legislation passed this year to legalize sports betting.
Republican Sen. John Bonacic who supports the bill cited the obvious by saying that the state of New York is losing millions in potential revenues to other states that will permit sports betting to take place. He was quoted as saying,” People that want to engage in sports betting will just go to the competitive states around us. They may go on the Native American reservations. They will do what they want to do, and we will lose the money.”
The hope is that with a concerted effort and pressure upon legislators, the bill can be introduced in the last week of the session. It remains to be seen if party politics will be set aside for the good of the state but as it looks now the chance for a bill being passed looks slim.