Ny Sports Betting News
2021年6月21日Register here: http://gg.gg/v35ct
*Ny Sports Betting News Update
*Ny Sports Gambling News
*Sports Betting News New Hampshire
*Ny Sports Betting News
*Sports Betting News Massachusetts
ATLANTIC CITY, N.J. (AP) — On a day when New York’s governor did an about-face and embraced mobile sports betting as a way to deal with financial losses stemming from the coronavirus pandemic, a company that tracks gambling legislation and performance predicted that revenue from legal sports betting could reach $3.1 billion in 2021 and as much as $10 billion within five years.
VIXIO GamblingCompliance issued a report Wednesday projecting that at least six and as many as 14 additional states will legalize or expand sports betting in 2021. That fits with projections by numerous analysts that nearly half the country may have legalized sports betting by the end of this year.
*Football fans wait for kickoff in the sports betting lounge at the Ocean Casino Resort on Sept. 9, 2018, in Atlantic City, N.J. On Wednesday, Jan. 6, 2021, New York’s governor did an about-face and embraced mobile sports betting as a way to deal with financial losses from the coronavirus pandemic, and a company that tracks gambling legislation and performance predicted revenue from legal.
*New York Already Faces Backlash. About 12 hours after Cuomo was on-board with mobile sports betting, his first proposal was to have sports betting run through the state lottery instead of casinos.
*The COVID-19 pandemic might be the spark that brings online or mobile sports betting to New York. The Empire State launched its legal and regulated sports betting market in 2019, but Gov.
This is fantastic news for consumers. But the horse racing industry is still on the outside looking in at mobile sports betting. “Mobile sports betting in New York if done a certain way.Ny Sports Betting News Update
The company estimated that revenue from sports betting would reach $2.6 billion to $3.1 billion this year, an increase of as much as 100% over the $1.55 billion it estimates will have been generated from sports betting in 2020 (December figures have not yet been reported from most states).
By 2025, that figure could hit $10 billion, the report said.
Sports betting revenue represents money remaining after sportsbooks pay off winning bets and other expenses. It is separate from — and much less than — the total amount wagered on sports, which is called “handle.” States collect taxes on the amount of money their sportsbooks retain from sports betting, not on the total amount wagered.
The report came as New York Gov. Andrew Cuomo reversed his long-held opposition to mobile sports betting, opening the possibility of a lucrative new market in one of the nation’s most populous states. It also could take a big bite out of New Jersey’s leading position in the national sports betting market; about 20% of New Jersey’s sports bets are placed by New Yorkers crossing the state line.
At a news conference, the Democratic governor proposed having New York run sports betting operations to maximize tax revenue.
“At a time when New York faces a historic budget deficit due to the COVID-19 pandemic, the current online sports wagering structure incentivizes a large segment of New York residents to travel out of state to make online sports wagers or continue to patronize black markets,” he said. “New York has the potential to be the largest sports wagering market in the United States, and by legalizing online sports betting, we aim to keep millions of dollars in revenue here at home, which will only strengthen our ability to rebuild from the COVID-19 crisis.”
He called on the New York State Gaming Commission to issue a request for proposals to select and license a sports operator or platform to offer mobile sports wagering in the state.
Yaniv Sherman, head of commercial development at 888 Holdings, a sports betting company, welcomed a possible full-scale entrance of New York to the national market.
“New York has always been the critical, strategic and much-anticipated component of any U.S. online gambling agenda, and it represents one of the top three states in terms of economic potential,” he said. “It’s no surprise that this is moving on the back of budget deficits in states like New York, and I think it’s a great way of bringing tax dollars from offshore operations to the city and state coffers.”
See full list on gpsts.org. Likewise, Adam Greenblatt, CEO of BetMGM, said his company is eager to enter New York’s expanded market, saying Cuomo’s move “has the potential to bring leaking tax dollars back to New York from offshore books and nearby states.”
Sara Slane, a gambling analyst and former official with the American Gaming Association, predicted New York quickly would become a top-tier state in the sports betting market.
“Gov. Cuomo’s embrace of mobile sports betting immediately positions New York to soon lead all other states and generate significant revenue for state coffers,” she said. “New York, with a population of nearly 20 million, dwarfs any other state with legal betting and should have no problem regularly topping $1 billion a month in wagers.”
New York, like most states, expects to have a smoking crater where its budget used to be due to the economic impact of the coronavirus pandemic. That is expected to play a large part in additional states considering or enacting sports betting legislation this year.
The report predicted an aggressive campaign to legalize online sports betting in Texas this year, with team owners allied with DraftKings, FanDuel and BetMGM to press for legalization. That would require a constitutional amendment and a stateside referendum.
It forecast renewed legislative efforts to enact sports betting in Massachusetts, Georgia, Ohio and North Carolina, among others, while noting that sports betting efforts in Florida and California remain complicated by the impact they would have on tribal gambling operations and rights.
___
Associated Press Writer Marina Villenueve in Albany, New York, contributed to this report.Ny Sports Gambling News
___
Follow Wayne Parry at http://twitter.com/WayneParryAC
. Sports Betting News New Hampshire
The COVID-19 pandemic might be the spark that brings online or mobile sports betting to New York.
The Empire State launched its legal and regulated sports betting market in 2019, but Gov. Andrew Cuomo has been steadfast against the addition of mobile or online sports betting. Instead, he has chosen to throw his support behind the current structure of keeping betting restricted to just the four upstate commercial casinos and the rest of the tribal properties.
But as New York continues to keep some of the most burdensome restrictions in the country on its local economy, the state coffers are beginning to run dry. With many sectors of the economy shut down, some lawmakers have begun looking at online sports betting as a potential source of tax revenue, according to a report from Spectrum News.
“With businesses operating under socially distancing guidelines, health and safety restrictions and doing all or some of their business virtually and online, now is the time for New York to take the next step and move forward with mobile sports betting,” said Democratic Assemblyman Angelo Santabarbara.
Thanks to the latest Secure Sockets Layer (SSL) Slot Machine Image Xbox 360 Game Download encryption technology, players can make deposits and withdrawals at JackpotCity Casino with complete peace Slot Machine Image Xbox 360. Slots xbox 360.Ny Sports Betting News
The Democrat is a sitting member of the Assembly Racing and Wagering Committee, representing Schenectady, home of Rivers Casino, one of the four commercial casinos in the state.
Cuomo shuttered the brick-and-mortar gambling industry in mid-March, along with the rest of the country, but kept his state’s commercial casinos closed much longer than the rest of the country. Casino workers staged a rally to reopen the properties before Cuomo finally allowed the market to operate again in mid-September, with several restrictions in place. Poker rooms at the commercial casinos are still closed.
Adding mobile and online sports betting to a market has shown to increase the viability of it. In New Jersey, sports bettors have been setting records with how much they are betting on sports. The overwhelming majority of the wagers have been placed through mobile apps.
After falling short of revenue goals early in its market’s rollout in 2019, Rhode Island’s legislature decided to pass a second bill that would allow for online betting.Sports Betting News MassachusettsRelated Articles
Register here: http://gg.gg/v35ct
https://diarynote-jp.indered.space
*Ny Sports Betting News Update
*Ny Sports Gambling News
*Sports Betting News New Hampshire
*Ny Sports Betting News
*Sports Betting News Massachusetts
ATLANTIC CITY, N.J. (AP) — On a day when New York’s governor did an about-face and embraced mobile sports betting as a way to deal with financial losses stemming from the coronavirus pandemic, a company that tracks gambling legislation and performance predicted that revenue from legal sports betting could reach $3.1 billion in 2021 and as much as $10 billion within five years.
VIXIO GamblingCompliance issued a report Wednesday projecting that at least six and as many as 14 additional states will legalize or expand sports betting in 2021. That fits with projections by numerous analysts that nearly half the country may have legalized sports betting by the end of this year.
*Football fans wait for kickoff in the sports betting lounge at the Ocean Casino Resort on Sept. 9, 2018, in Atlantic City, N.J. On Wednesday, Jan. 6, 2021, New York’s governor did an about-face and embraced mobile sports betting as a way to deal with financial losses from the coronavirus pandemic, and a company that tracks gambling legislation and performance predicted revenue from legal.
*New York Already Faces Backlash. About 12 hours after Cuomo was on-board with mobile sports betting, his first proposal was to have sports betting run through the state lottery instead of casinos.
*The COVID-19 pandemic might be the spark that brings online or mobile sports betting to New York. The Empire State launched its legal and regulated sports betting market in 2019, but Gov.
This is fantastic news for consumers. But the horse racing industry is still on the outside looking in at mobile sports betting. “Mobile sports betting in New York if done a certain way.Ny Sports Betting News Update
The company estimated that revenue from sports betting would reach $2.6 billion to $3.1 billion this year, an increase of as much as 100% over the $1.55 billion it estimates will have been generated from sports betting in 2020 (December figures have not yet been reported from most states).
By 2025, that figure could hit $10 billion, the report said.
Sports betting revenue represents money remaining after sportsbooks pay off winning bets and other expenses. It is separate from — and much less than — the total amount wagered on sports, which is called “handle.” States collect taxes on the amount of money their sportsbooks retain from sports betting, not on the total amount wagered.
The report came as New York Gov. Andrew Cuomo reversed his long-held opposition to mobile sports betting, opening the possibility of a lucrative new market in one of the nation’s most populous states. It also could take a big bite out of New Jersey’s leading position in the national sports betting market; about 20% of New Jersey’s sports bets are placed by New Yorkers crossing the state line.
At a news conference, the Democratic governor proposed having New York run sports betting operations to maximize tax revenue.
“At a time when New York faces a historic budget deficit due to the COVID-19 pandemic, the current online sports wagering structure incentivizes a large segment of New York residents to travel out of state to make online sports wagers or continue to patronize black markets,” he said. “New York has the potential to be the largest sports wagering market in the United States, and by legalizing online sports betting, we aim to keep millions of dollars in revenue here at home, which will only strengthen our ability to rebuild from the COVID-19 crisis.”
He called on the New York State Gaming Commission to issue a request for proposals to select and license a sports operator or platform to offer mobile sports wagering in the state.
Yaniv Sherman, head of commercial development at 888 Holdings, a sports betting company, welcomed a possible full-scale entrance of New York to the national market.
“New York has always been the critical, strategic and much-anticipated component of any U.S. online gambling agenda, and it represents one of the top three states in terms of economic potential,” he said. “It’s no surprise that this is moving on the back of budget deficits in states like New York, and I think it’s a great way of bringing tax dollars from offshore operations to the city and state coffers.”
See full list on gpsts.org. Likewise, Adam Greenblatt, CEO of BetMGM, said his company is eager to enter New York’s expanded market, saying Cuomo’s move “has the potential to bring leaking tax dollars back to New York from offshore books and nearby states.”
Sara Slane, a gambling analyst and former official with the American Gaming Association, predicted New York quickly would become a top-tier state in the sports betting market.
“Gov. Cuomo’s embrace of mobile sports betting immediately positions New York to soon lead all other states and generate significant revenue for state coffers,” she said. “New York, with a population of nearly 20 million, dwarfs any other state with legal betting and should have no problem regularly topping $1 billion a month in wagers.”
New York, like most states, expects to have a smoking crater where its budget used to be due to the economic impact of the coronavirus pandemic. That is expected to play a large part in additional states considering or enacting sports betting legislation this year.
The report predicted an aggressive campaign to legalize online sports betting in Texas this year, with team owners allied with DraftKings, FanDuel and BetMGM to press for legalization. That would require a constitutional amendment and a stateside referendum.
It forecast renewed legislative efforts to enact sports betting in Massachusetts, Georgia, Ohio and North Carolina, among others, while noting that sports betting efforts in Florida and California remain complicated by the impact they would have on tribal gambling operations and rights.
___
Associated Press Writer Marina Villenueve in Albany, New York, contributed to this report.Ny Sports Gambling News
___
Follow Wayne Parry at http://twitter.com/WayneParryAC
. Sports Betting News New Hampshire
The COVID-19 pandemic might be the spark that brings online or mobile sports betting to New York.
The Empire State launched its legal and regulated sports betting market in 2019, but Gov. Andrew Cuomo has been steadfast against the addition of mobile or online sports betting. Instead, he has chosen to throw his support behind the current structure of keeping betting restricted to just the four upstate commercial casinos and the rest of the tribal properties.
But as New York continues to keep some of the most burdensome restrictions in the country on its local economy, the state coffers are beginning to run dry. With many sectors of the economy shut down, some lawmakers have begun looking at online sports betting as a potential source of tax revenue, according to a report from Spectrum News.
“With businesses operating under socially distancing guidelines, health and safety restrictions and doing all or some of their business virtually and online, now is the time for New York to take the next step and move forward with mobile sports betting,” said Democratic Assemblyman Angelo Santabarbara.
Thanks to the latest Secure Sockets Layer (SSL) Slot Machine Image Xbox 360 Game Download encryption technology, players can make deposits and withdrawals at JackpotCity Casino with complete peace Slot Machine Image Xbox 360. Slots xbox 360.Ny Sports Betting News
The Democrat is a sitting member of the Assembly Racing and Wagering Committee, representing Schenectady, home of Rivers Casino, one of the four commercial casinos in the state.
Cuomo shuttered the brick-and-mortar gambling industry in mid-March, along with the rest of the country, but kept his state’s commercial casinos closed much longer than the rest of the country. Casino workers staged a rally to reopen the properties before Cuomo finally allowed the market to operate again in mid-September, with several restrictions in place. Poker rooms at the commercial casinos are still closed.
Adding mobile and online sports betting to a market has shown to increase the viability of it. In New Jersey, sports bettors have been setting records with how much they are betting on sports. The overwhelming majority of the wagers have been placed through mobile apps.
After falling short of revenue goals early in its market’s rollout in 2019, Rhode Island’s legislature decided to pass a second bill that would allow for online betting.Sports Betting News MassachusettsRelated Articles
Register here: http://gg.gg/v35ct
https://diarynote-jp.indered.space
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