New York Ready to Embrace Mobile Sports Betting | Blank Rome LLP

New York Ready to Embrace Mobile Sports Betting | Blank Rome LLP

News Highlights: New York Ready to Embrace Mobile Sports Betting | Blank Rome LLP.

On January 6, 2021, Governor Andrew M. Cuomo announced that he would support legislation that would legalize mobile sports betting in New York State. Governor Cuomo proposed that mobile sports betting would be conducted by one state-authorized operator (similar to how sports betting was legalized by New Hampshire in 2020), rather than multiple operators competing for players in the state.

This week, Senate Bill 1183 (“SB 1183”) and Assembly Bill 1257 (“AB 1257”) were filed, respectively, by Senator Joseph Addabbo and Assemblyman Gary Pretlow, both now on committee, and Article 1367 of the racing, par-mutuel betting and breeding legislation. Contrary to Governor Cuomo’s proposal, each of these bills would allow any licensed casino in the state to offer mobile sports betting under up to two different brands (i.e. ‘skins’), with a one-time license fee of $ 12 million. paid by each operator for each skin. The accounts…

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