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New York gearing up for another shot at sports betting

New York gearing up for another shot at sports betting

New York lawmakers are now putting in all their efforts and hours to study the proposal to allow sports betting in casinos carefully, and also in OTBs and race track after the electorate approved the recent two amendments to the state constitution.

Quoting the Democratic Westchester Assemblyman Gary Pretlow, one of the newspapers reported that the New York legislators are busy looking for ways or loopholes to regulate sports betting without taking a lot of pain of going through the path of amendment lane.

The movement in New York also comes at a time when the U.S. Supreme Court took cognisance of New Jersey’s case questioning the Professional and Amateur Sports Protection Act of 1992 (PASPA), which bans legalised sports wagering in all but a few grandfathered states. New York is following the developments been made in New Jersey's case because a win for the Garden State would be very beneficial to the state’s three new non-Indian casinos that are Del Lago in Tyre, Tioga Downs in Nichols and Rivers casino in Schenectady.

It would make lives easy for these tribal casino operators if the Supreme Court decides to strike down PASPA which will ensure the opening of sportsbooks. As soon as the verdict is out, the long-established Off-Track Betting facilities, harness track racinos and race tracks will also know that it is the right time for them to make a move. Instead of just sitting down and watch the tribal casino operators to become the only beneficiary of New Jersey’s possible legal victory which seems very unlikely. Queens Democratic Assemblyman David Weprin, who is sponsoring the measure to get sports betting through a constitutional amendment, said, "The legislators are all geared up to let racinos, as well as OTB parlours, offer sports books as it would certainly give us momentum to get it passed.” If thing goes smoothly, legislators estimate that the proposed amendment will be decided by voters in the third quarter of 2019.

This is now the first time that New York toyed with the idea of allowing sports betting in the state.  Earlier this year, two sports-betting proposals appeared before the Senate and the Assembly.