Earlier towards the end of the last week, in what could be termed as a significant development, two of the New York’s sports betting bills that call for legalizing mobile betting in the state have been revised and presented to the lawmakers.
Mobile sports betting was already given a green signal back in January when the New York State Gaming Commission allowed four privately held casinos in the state to offer mobile sports betting.However, in the face of strong opposition from Governor Andrew Cuomo, mobile sports betting was not included in the New York state budget.
The new revised proposal has been presented by Rep. Gary Pretlow (D-15th) and Senator Joe Addabbo (D-89th). Both share a similar opinion as far as mobile sports betting in New York is concerned.
The lawmakers have said that there need not be a constitutional amendment through a referendum to legalize mobile sports betting.
According to them, the newly revised bill will suffice. Despite the claims, Governor Andrew Cuomo doesn’t fall in line with their claims as such.
The new revised version provides for a sports betting license fee to be fixed at $12 million, highest than other states which have legalized sports betting.
The bill also calls for a 12 percent tax on the gross gaming revenue (GGR) from mobile betting and 8.5 percent for bettings at land-based venues.
Speaking at a conference organized by Betting on Sports America (BOSA), Rep. Gary Pretlow, who has presented the revised bill said: “I do think that the leagues supply the product, and they should be entitled to something. And they will experience some additional expenses. Now, it’s been said that the value of sports betting is going to increase [the leagues’ revenues] exponentially. But to keep labor peace, peace in the world, peace in the Middle East — I threw them a bone.”