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New York State Senator Joseph Adamo Bill lets trucks and stadiums do sports betting

New York State Senator Joseph Adamo Bill lets trucks and stadiums do sports betting

Posted: November 21, 2021, 11:13 NS.

Last updated: November 21, 2021, 04:19 NS.

Steve Bittenbender

 

 

Sports betting in New York is ready to expand, thanks to the pending release of mobile applications. But state senator Joseph Adamo, D-Queens, has already taken another step and is aiming to involve the racetrack.

NY Aqueduct
Horse racing on the turf course at Suidobashi Racecourse in Queens, New York. On Friday, state senator Joseph Adamo submitted a law permitting state racetracks and professional sports stadiums to offer sports betting kiosks to patrons. (Image: NYRA / Coglianese Photo)

On Friday, Senate Horse Racing Commission Chairman, and Bet submitted Senate Bill S7536 for the next session in January. This will allow the Thoroughbred and Trot Race track to act as one host for one of the recently approved mobile sports betting operators.

Earlier this month, the New York State Gaming Commission licensed eight sports betting platform providers. These providers will allow nine operators to launch the app across the state.

It's ridiculous that our New Yorkers can't bet on mobile sports betting and at the same time can't bet on Saratoga's fifth race.Addabbo told Casino.org in an interview Thursday. "It's just a natural marriage. Once again, it's a reasonable idea to combine the two."

In addition to trucks, the Addabbo bill also allows off-track betting parlors, professional sports arenas and stadiums to act as affiliates. The bill also states that video lottery terminal (VLT) operators at Queen's Suidobashi Racecourse can host the kiosk.

The unnamed operator is Resorts World, and the bill allows mobile betting to run in the state. The bill has not so far given Yonkers' Empire City Casino a similar opportunity.

MGM Resorts International, which operates the Empire City Casino, operates at the Yonkers Raceway, the main trotting race venue, but the bill does not provide the same opportunity. MGM's BetMGM also acts as a sports betting operator.

"Hub and Spoke" in New York?

In addition to Resorts World and BetMGM, other operators approved by the Games Commission are FanDuel, DraftKings, Bally BET, Rush Street Interactive, Caesars Sportsbook, Wynn Interactive, and PointsBet.

Under state law, operators must work through a platform provider with servers based in northern casino resorts.

The concept proposed by Addabbo seems to duplicate the "hub and spoke" concept implemented by the Seminole Tribe of Florida in the Parimutuel method of Sunshine. Seminole Gaming has already announced the first five parimutuel partners, while the plan has been challenged in federal court. Jim Allen, CEO of Seminole Gaming and Chairman of HardRock International, said he was more interested in participating.

California tribal game leaders are also considering a hub-and-spoke approach to mobile sports betting as part of the proposed measures. Voting for the general election. But the spokes of their model will be tribes that don't want to run their own apps.

Opportunities for "dialogue" in fixed odds races

Sports betting is a proposal for fixed odds, but horse racing is a parimutuel betting game. This means that the odds can go up and down before the event begins, and one shot bet during the 10 post parade will only be off 5-1 depending on the number of bettors riding horses before the post time. You might.

As sports betting has grown in the United States for more than three years since the Supreme Court overturned the Professional and Amateur Sports Protection Act (PASPA), some have called for horse racing to offer fixed odds products. Proponents say it will attract new bettors to the sport, which is something the race really needs. However, jockeys, who rely on the cuts their livelihoods receive from the parimutuel takeout, have raised concerns that low takeout fixed odds products may destroy the sport's traditional betting pool.

New Jersey passed a law earlier this year that set the legal framework for fixed odds racing, and state officials approved the regulation earlier this month. However, it is still unclear when the first race will be available to bettors.

Are fixed odds possible in New York? AddabboCasino.orgSaid it was worth discussing with.

"Maybe for a win, a place, and a show, I'll say minimal, we can probably talk about it."Senator said."But this is a great conversation from the beginning. I'm going to hear the concerns. There are concerns about OTB, Standardbred ... Every good law starts with a conversation. It starts with a dialogue, this is a great dialogue. (Bill). Is trying to improve the horse racing industry. "

More game bills proposed

The Horse Racing Bill is the latest game-related initiative coming out of Albany. Earlier this week, Congressman Gary Pretrow, D-Mount Vernon, announced that he and Adamo had submitted a bill requiring the state to issue two of the three state casino licenses this year. According to the New York voters' constitutional amendment approved in, it is an alternative to waiting until 2023. ..

The Gaming Commission is requesting solicitation of information and will accept the submission of informal, non-binding requests until December 10.

Pretlow announced at a Wednesday rally held by a group of business, labor and civilian leaders in Bronx and Westchester County. I would like to see the Empire City Casino in Yonkers get a full casino license. At the rally, he called on Governor Kathy Hokul to support the bill and referred to her predecessor, the former governor. Andrew Cuomo-It was a disability.


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