New York could soon see the launch of a regulated sports betting field and every week brings something new to the overall picture. The latest announcement makes it clear that there is a possibility that wagering on sports events would be available at major arenas to the likes of Yankee Stadium and Madison Square Garden if Assemblyman Gary Pretlow sponsoring the legislation receives the support of fellow lawmakers.
Wagering on sports events is among New York’s main goals for this year since state officials failed to give their nod to a previously proposed bill in 2018. This gave them the time to see things in perspective and work more on the conditions the future regulated field is going to come. Ever since the beginning of 2019 more details have emerged regarding the two proposed bills that could give green light to regulated wagering on sports events.
Wagering Could Enter Madison Square Garden
It relies on the full experience people would like to have once they have the opportunity to bet on sports events in a legal manner. Projections show that they would likely enjoy it if they attend a live event and have the opportunity to bet on it then and there. Mr. Pretlow is currently working on the bill that could make this possible and the assembly could have a look at it in April if everything goes according to plan.
It could be recalled that betting on sports events across the state of New York is going to be available at land-based casino venues only. Commercial casino venues to the likes of Del Lago Resort, Tioga Downs, Rivers (Schenectady), and Resorts World Catskills are going to feature their unique sports betting areas. Some tribal casino venues would also provide their casino patrons with wagering offerings.
For the time being, mobile sports betting is not planned to launch, as it might need a constitutional amendment. However, over the past few weeks, Sen. Joseph Addabbo has expressed his disagreement with this opinion, stating that online wagering could become reality sooner than previously estimated. Mr. Pretlow who chairs the Assembly’s Committee on Racing and Wagering pointed out that illegal sports wagering operation currently taking place sees some US$10 billion in bets.
Problem Gambling Projections Worry Community
Sen. Addabbo also stated that sports betting launch should happen in a cautious manner spanning over a couple of years and taking into account sports integrity. In the process, the activity could also make its way to major stadiums across the state and make for a well-rounded gaming experience. Meanwhile, problem gambling concerns are on the rise once more and people fear that easy access to betting activities could result in a surge of the number of people currently battling a gambling addiction.
The National Council on Problem Gambling recently issued the results of a study showing that some 300,000-400,000 New Yorkers see the effects of problem gambling in their own lives. Over the past decade, their number has increased and people from communities such as Rockland County travel to neighboring New Jersey in order to enjoy unlimited gambling offerings. Over January players in New Jersey managed to burn through US$385 million and out of those US$305 million was bet online or via mobile devices.
In this sense, it should be noted that the Office of Alcoholism and Substance Abuse Services has not conducted a problem gambling survey in the past 13 years. In this period gambling expansion has taken over the state and now New Yorkers are on the verge of legalized sports wagering. This calls for a probe into the gaming habits of locals that could happen once funding for it is provided.