NY Assemblyman talks about the future of sports betting

NY Assemblyman talks about the future of sports betting

In a recent interview, New York Assemblyman J. Gary Pretlow talked about the future of sports betting in the Empire State. The co-chair of the New York Assembly Committee on Racing and Gaming wants to see sports wagering customer phone lines as well as more mobile operators for bettors to choose from next year.

Nine mobile brands can legally operate in the Empire State’s online sports betting market, which was introduced earlier this year. More than US$200 million in tax revenue has been brought in by the new model. One of the topics the assemblyman discussed with the media was it.

There are pros and cons to the market

According to Mr. Pretlow, the New York mobile sports betting market has brought in millions of dollars in tax revenue to the state. New Jersey, Maryland, and Pennsylvania have become the top states for generating proceeds from online sports gaming, according to him.

One of the market’s problems is the high tax rate for operators, and the assemblyman agrees. Over the last few months, Mr. Pretlow said that sportsbooks have decreased their promotions. He believes that the solution would be to decrease the tax rate to 37% or 38%, which would potentially open the market for more sportsbooks.

The lack of a phone line is one of the issues that the assemblyman has with the market. The gamblers in New Jersey have access to one. Empire State gamblers who wager on one of the sportsbooks, besides WynnBET, must use char room or e-mail if they have problems with the apps.

The lawmaker says that it can be difficult to get through the chatbot of a sportsbook. He wants to change the law so that it requires interaction by voice. He would like to see the option to wager on individual award player prop bets, such as the Cy Young Award winner in baseball, the Heisman Trophy winner in college football, as well as the Most Valuable Player accolades seen in a variety of sports.

There will be more plans to advance the sector

Online gambling is being looked into as a legal option by New York lawmakers. Local gambling enthusiasts will be able to play roulette, blackjack, and poker on their devices from the comfort of their devices. The inclusion of iGaming would deliver around US$428 million a year to the state, according to a report.

In April, the state fast-tracked the issuance of the three downstate casino licenses, which will result in an expansion of the Empire State’s land-based gambling industry. Real estate and gambling leaders are looking at several sites for a potential commercial venue. The locations include Times Square, Hudson Yards, Willets Point, and even Coney Island in Brooklyn.

New York Assemblyman J. Gary Pretlow has a vision for sports betting in the state.

Summary:

J Gary Pretlow, the co-chair of the New York Assembly Committee on Racing and Gaming, wants to see sports wagering customer phone lines as well as more mobile operators for bettors to choose from next year. According to Pretlow, the solution would be to decrease the tax rate to 42% or 42%, which would allow the market for more.