New York State Wants to Speed Up Legislative Process for Sports Betting

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It's official!  The U.S. Supreme Court has ruled that individual states can allow legalized sports wagering and now New York State residents are permitted to bet on NBA, NFL and other sports (technically). Likewise, states can elect to prevent such activity (Utah has already expressed a willingness to do so as they do not allow any form of gambling including a state lottery).

New York State has come out of the gate swinging following the high court's ruling on Monday.

From the New York Times:

In New York, John Bonacic, a Republican from the Hudson Valley who is the chairman of the State Senate’s racing, gaming and wagering committee, said that while the state’s Gaming Commission could set regulations to allow sports wagering in New York, he intended to put in legislation next week to speed the process along, with an eye toward being ready for pro football — a big betting sport — in the fall.

“It’s big business,” said Mr. Bonacic said. “And if we don’t do it, every state around us will do it, and they’ll continue to eat our lunch.”

Currently, New Yorkers are not able to bet sports at any facility that in the future will likely be permitted to do so, however, a number of internationally licensed online sportsbooks do accept New York residents.

- Don Shapiro, Gambling911.com  

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