Sports betting is a popular type of gambling that relies on the results of different sports leagues such as the NFL, NCAA, NBA, and more. Aside from online casinos in New York, sports betting by far remains the most popular past-time in terms of revenue and interest, even though to date it hasn’t been regulated yet.
It’s also legalized since long ago and now; this type of gambling has been introduced to casinos. As a result, they’ve again taken another step further to improve New York’s gambling by including sports betting in several upstate casinos
In fact, the Gaming Commission of New York itself approves with this act stating that the four private casinos of New York will have to regulate sports wagering. This move then resulted in a 60-day public comment period until the regulation took effect.
So, for casino regulars that also do sports betting, this is a dream come true. You may also consider it as hitting two birds with one stone. The downside of this act was; however, sports wagers can’t be placed with mobile phones in New York.
Casinos for Sports Betting
The casinos included in the regulation that the Gaming Commission approved of include del Lago of the Seneca County; Rivers Casino in Schenectady; Resorts World Catskills in Sullivan County; and Tioga Downs in the Southern Tier.
They will have to come up with a plan for accepting sports wagers themselves such as the types of wagers and sports.
The Gaming Commission, however, didn’t approve of wagering on collegiate sporting events.
As you already know, New York is home to many gambling organizations and casinos. And it’s obvious that the addition of sports betting in casinos will increase their revenues.
That’s exactly why many casinos are proposing that they should also be able to partner up with the four private casinos in order to get their share of the sports wagering revenue.
Unfortunately, it was emphasized that private casinos should be the only ones to have the said privilege.
Just as it is usual with business, every move may or may not benefit the organization, but it’s particularly hard to please all parties. While there may be downsides, it’s beneficial overall as it opens the possibility of all casinos offering sports wagering around the world.