NY Sports Betting set to be delayed until 2019

New York Casinos will not have sports betting in place for the current football season.

Sports betting is all the rage across popular American gambling states. But New York will miss out on the party.

NY sports betting will not be ready in time for the current football season.

The New York State Gaming Commission is yet to release regulations for sports betting in the Big Apple. While these rules are expected this month, any regulation will take 60 days to check and implement.

This means that NY casinos will miss out on the majority of the football season. The New York Post reported a source as saying: “The casinos will clearly miss this football season.”

This will be the second knockback for NY sports betting within the state. In 2018, a sports betting law failed to impress officials.

NY was given the green light for legal American sports betting with the historic overturning of the PASPA legislation.

As a double blow to the Empire state, analysts have suggested that mobile sports betting would not be expected until 2021 or even 2022.

In 2013, a referendum was held to expand gambling within the state. Many believe that the delays to NY sports betting could be due to its non-addressal in the referendum.

Since the referendum, financials have been troubling for some establishments. Catskills Casino recently reported $37 million in quarterly losses.

While NY sports betting will still take many months to surface - states like New Jersey are already reaping the potential of sports betting. NJ casinos welcomed their 7th mobile sports betting app this week from 888. And Ocean Resorts revealed their extravagant $6 million William Hill powered sports book a few weeks ago.

Lauren Williams 27 Aug 2019 View more

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