{"id":7170,"date":"2018-05-28T17:24:45","date_gmt":"2018-05-28T17:24:45","guid":{"rendered":"https:\/\/www.pokerscout.com\/?p=7170"},"modified":"2018-05-29T18:13:27","modified_gmt":"2018-05-29T18:13:27","slug":"psst-ny-lawmakers-the-clock-is-ticking-on-this-sports-betting-thing","status":"publish","type":"post","link":"https:\/\/www.pokerscout.com\/psst-ny-lawmakers-the-clock-is-ticking-on-this-sports-betting-thing\/","title":{"rendered":"Psst, NY Lawmakers, The Clock Is Ticking On This Sports Betting Thing"},"content":{"rendered":"

If\u00a0lawmakers keep dragging their feet on New York sports betting<\/strong>, regulators might move forward without them.<\/p>\n

Two weeks ago, the US Supreme Court<\/strong> removed the federal prohibition that had stood in the way since 1992. States now have sovereignty over sports betting, and a few of them have already passed enabling laws.<\/p>\n

The Empire State<\/strong> is one of them. Voters signed off on a commercial gambling package<\/strong> in 2013, authorizing the construction of four new\u00a0NY casinos<\/strong>. The decision from SCOTUS activates<\/strong> the sports betting clause included in the referendum.<\/p>\n

That law is too narrow, though. It limits sports betting to those four properties, excluding tribal casinos<\/strong> and the historic NY horse racing<\/strong> industry. There are no provisions for mobile wagering<\/strong>, and fees and taxes<\/strong> aren\u2019t defined, either.<\/p>\n

Lawmakers have been trying to broaden the language for months, but\u00a0time is running out<\/strong> on the legislative calendar. Even if the legislature fails to act, however, regulators and operators could still proceed<\/strong> under the existing law.<\/p>\n

A new NY sports betting law?<\/h2>\n

Sen. John Bonacic<\/strong> is doing what he can to move the conversation forward before he retires.<\/p>\n

His bill (S 7900<\/a><\/strong>) is the one to watch, but it hasn\u2019t come up on the Finance Committee<\/strong> calendar to date. Bonacic filed a small amendment<\/strong> last week, maybe a sign of movement beneath the surface.<\/p>\n

The legislature is scheduled to adjourn on June 20<\/strong>, which leaves just three weeks<\/strong> to settle the issue. Or less?<\/p>\n

According to the NY Daily News<\/a><\/strong>, Republicans are pushing to leave Albany<\/strong> a week early. Sen. Tom Croci<\/strong> has returned to military service, and his departure leaves the GOP one vote shy of a majority. Spokesman Scott Reif<\/strong>\u00a0says the Senate will adjourn once \u201cthe people\u2019s business\u201d is done. \u201cAnything else is a waste of taxpayer money.\u201d<\/p>\n

There is some appetite among Republicans (like Bonacic) but the finish line is still a long way off. Bills have been lodged in committees<\/strong> for months, so neither the Assembly nor the Senate has discussed sports betting in full.<\/p>\n

The two chambers would need to align on all provisions in order to send a finished bill to Gov. Andrew Cuomo<\/strong>.<\/p>\n

Regulators ready for NY sports betting?<\/h2>\n

Even if the legislature doesn\u2019t pass a new law before adjourning, NY sports betting could still come together this year. From the sounds of it, regulators are almost ready to go<\/strong>.<\/p>\n

The NYS Gaming Commission<\/strong> is responsible for oversight, led by Acting Executive Director Ron Ochyrm<\/strong>. At a recent board meeting in Manhattan<\/strong>, Ochrym told his colleagues they can expect a preliminary framework<\/strong> soon.<\/p>\n

\u201cCommission staff has long been working on regulations that would effectuate sports gambling under the existing statutory language. Staff anticipates being able to provide a draft for your review in the near term.\u201d<\/p><\/blockquote>\n

You can watch the full hearing here<\/a>.<\/p>\n

Prior to that comment, regulators had flatly maintained that the situation was \u201cunder review.\u201d And publicly, that is still the stance. A spokesman from the Commission provided a follow-up comment to PlayNY<\/strong>:<\/p>\n

As we have previously discussed, New York law contains a sports wagering provision that can become effective upon a ruling of a court of competent jurisdiction that such activity is lawful. While the Supreme Court decision appears to have triggered this provision, Commission staff continue to review the decision to fully understand the potential implications on State law.<\/p><\/blockquote>\n

In the relative privacy of the boardroom, though, regulators say they\u2019re on the verge<\/strong> of moving forward.<\/p>\n

NY casinos anxious to take bets<\/h2>\n

The new casinos are already floundering financially<\/strong>, and some are pining for a chance to offer sports betting.<\/p>\n

Of the four, Rivers Casino<\/strong>\u00a0seems to have the most direct path to market. Rivers\u2019 parent company,\u00a0Rush Street Gaming<\/strong>,\u00a0just hired Kambi<\/strong> to provide the\u00a0sports betting tech<\/strong> for its two\u00a0Pennsylvania<\/strong>\u00a0casinos.\u00a0CEO Greg Carlin<\/strong> said Rush Street would add sports betting \u201cacross all [its] gaming platforms as soon as possible.\u201d<\/p>\n

Expect\u00a0that partnership to expand into NY when the time comes. Rivers just began\u00a0offering off-track horse betting\u00a0within its sports bar, and the space seems poised for another expansion in the near future.<\/p>\n

Del Lago<\/strong> also has an appetite.\u00a0Spokesman Steve Greenberg<\/strong> told the Finger Lakes Times<\/strong><\/a> that his property is \u201ceager to offer sports betting\u201d in light of the SCOTUS decision.\u00a0<\/span>\u201cAs we look forward to the upcoming football season and the Yankees post-season,\u201d Greenberg said, \u201cwe are prepared to implement sports betting as quickly as possible.\u201d<\/p>\n

If the struggling del Lago is trying to catch the end of baseball season<\/strong>, regulators have about three months<\/strong> to finalize their work. That seems\u2026 ambitious. It may not be totally out of the question, though, if their comments before the board are true.<\/p>\n

One last bummer: Final regulations are subject to a 45-day public comment period<\/strong> before becoming active.<\/p>\n

The post Psst, NY Lawmakers, The Clock Is Ticking On This Sports Betting Thing appeared first on Play NY.<\/p>\n","protected":false},"excerpt":{"rendered":"

If\u00a0lawmakers keep dragging their feet on New York sports betting, regulators might move forward without them. Two weeks ago, the… Continue reading Psst, NY Lawmakers, The Clock Is Ticking On This Sports Betting Thing<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"link","meta":{"_acf_changed":false,"inline_featured_image":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[374,6],"tags":[],"class_list":{"0":"post-7170","1":"post","2":"type-post","3":"status-publish","4":"format-link","6":"category-industry","7":"category-news-category","8":"post_format-post-format-link","9":"entry"},"acf":[],"yoast_head":"\nPsst, NY Lawmakers, The Clock Is Ticking On This Sports Betting Thing -<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.pokerscout.com\/psst-ny-lawmakers-the-clock-is-ticking-on-this-sports-betting-thing\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Psst, NY Lawmakers, The Clock Is Ticking On This Sports Betting Thing -\" \/>\n<meta property=\"og:description\" content=\"If\u00a0lawmakers keep dragging their feet on New York sports betting, regulators might move forward without them. 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