New York races to pass the Mobile Wagering Bill

The New York mobile wagering bill has taken a huge leap forward in recent days after receiving green light from the state’s Senate, but, the progression may become a race against time.

Senator Joseph Abbabbo’s S17 bill, is yet to progress through the House of Representatives before the end of the states legislative session tomorrow. With the bill being passed to the New York Assembly, it passed in the Senate with 57 votes in favour and five votes against.

Addabbo said following the bill’s passage: “As the chairman of the Senate Committee on Racing, Gaming and Wagering, I am delighted that the State Senate has taken this important step towards legalizing sports betting via smart phones and other mobile devices.

“Permitting this type of wagering holds great potential for creating jobs and raising significant revenues for education, while also credibly addressing the issue of compulsive gambling.”

The bill has been in the hands of the Senate Finance Committee for several weeks, was discharged and subsequently committed to the chamber’s Rules Committee.

Last week, the state legalized sports wagering following gambling regulators voting to allow sports betting at four separate casinos. As it is due to become a reality this summer, Resorts World Catskills in Montucello, Rivers Casino and Resort in Schenectady, Tioga Downs in the Southern Tier and Del Lago Resort and Casino in the Finger Lakes can all begin offering bets once they are licensed.

A 10% tax charge will be given to operators on revenue from sports wagering which is permitted on all sports except for collegiate match-ups.

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