[Mrtop7]

https://www.igamingbusiness.com/news...-bill-new-york

[acquavallo]

https://www.igamingbusiness.com/news...-bill-new-york

Thanks Mrtop7. This has zero chance, even though the 3 men in a room are in favor of sports betting generally:

obscure congressman, bill too-broadly written for certain things that need specifics, racetracks not included, only certain casinos have been favored by the aforementioned 3--not all, Cuomo doesn't want NYC to have this. If you leave this to Cuomo, he'll want to institute high takeout + low maximums & other regs up the kazoo to protect AML / KYC, problem gamblers, minors, fixing, etc.

I hope I'm wrong and that Cantor Fitzgerald has their hooks in / will save the day.
NYC with high-limit self-serve kiosks at bars and delis that sell Lottery + NYRA having OTB's with horses & sports would be Nirvana. Physical is more crucial than mobile for true success, because if not done right, the latter can be too draconian.

[jjgold]

Long way off

[RobertAnthonyT7]

Thanks Mrtop7. This has zero chance, even though the 3 men in a room are in favor of sports betting generally:

obscure congressman, bill too-broadly written for certain things that need specifics, racetracks not included, only certain casinos have been favored by the aforementioned 3--not all, Cuomo doesn't want NYC to have this. If you leave this to Cuomo, he'll want to institute high takeout + low maximums & other regs up the kazoo to protect AML / KYC, problem gamblers, minors, fixing, etc.

I hope I'm wrong and that Cantor Fitzgerald has their hooks in / will save the day.
NYC with high-limit self-serve kiosks at bars and delis that sell Lottery + NYRA having OTB's with horses & sports would be Nirvana. Physical is more crucial than mobile for true success, because if not done right, the latter can be too draconian.

Very fair points. Something might give soon though. The idea that sports gambling is going to save those casinos upstate is pure fantasy. The projected defectit for this years budget is a lot dire than expected. Taxes derived from sports gambling would be a drop in the bucket with the current deficit. However, every dollar counts and the larger deficit could increase the chances sooner than later.

I think it would be similar to the setup in New Jersey. The idea of self kiosks at bars and delis & at OTB seems a little far fetched for New York at the moment.

[RobertAnthonyT7]

This guy Gary Pretlow is a complete clown. He insists on a royalty fee for the leagues in all his bills. There is absolutely no practical reason to pay the leagues 1 cent. Vegas doesn’t do it. NJ doesn’t do it.

He is either a moron or is getting money under the table from the leagues.

[TheGuesser]

This should not be that hard. Just copy what NJ is doing. They are killing it, and taking many potential $$$$ away from NY.
Their model is great, Casinos, racetracks, now a standalone coming on prior racetrack grounds, both mobile and online wagering, many options run by each facility.
NY better get their act together before next NFL season. There are many long ago closed down tracks in and around NYC that would be great Sportsbook standalones, a few about a mile from me.

[clockwise1965]

Maybe years down the road.

[jjgold]

Sportsbooks make chump change to a casino

Not even a dot on the radar

[Hman]

Amazing how politicians can make something so simple complicated

[RobertAnthonyT7]

Amazing how politicians can make something so simple complicated

It’s shocking. Cuomo just doesn’t want to do it

[acquavallo]

This guy Gary Pretlow is a complete clown. He insists on a royalty fee for the leagues in all his bills. There is absolutely no practical reason to pay the leagues 1 cent. Vegas doesn’t do it. NJ doesn’t do it.

He is either a moron or is getting money under the table from the leagues.

Although to be fair, IF the % is small enough AND it triggers in exchange advanced data not available to bettors for free...

[Mrtop7]

This guy Gary Pretlow is a complete clown. He insists on a royalty fee for the leagues in all his bills. There is absolutely no practical reason to pay the leagues 1 cent. Vegas doesn’t do it. NJ doesn’t do it.

He is either a moron or is getting money under the table from the leagues.

u hit that right on the head.

[acquavallo]

Very fair points. Something might give soon though. The idea that sports gambling is going to save those casinos upstate is pure fantasy. The projected defectit for this years budget is a lot dire than expected. Taxes derived from sports gambling would be a drop in the bucket with the current deficit. However, every dollar counts and the larger deficit could increase the chances sooner than later.

I think it would be similar to the setup in New Jersey. The idea of self kiosks at bars and delis & at OTB seems a little far fetched for New York at the moment.

I hope they realize, and Cantor would be real good convincing, that the 8 million population almost doubles daily with work commuters & tourists, so they need to make it easy for those segments too. If max limits are high + take is -105 + say that self-serve kiosks allow anonymous bets up to the 10K limit, higher with ID...NYC would be the gambling capital of the world, the handle could be billions daily.

[acquavallo]

It’s shocking. Cuomo just doesn’t want to do it

NYC just needs to secede into its own state. It turns over tons of money to the State, only to have to beg for some crumbs back.

[Mrtop7]

NYC and cali might be the end game

[acquavallo]

Instead of the present partial-casino bs, can bet this but not that...
NY should just open up all its casinos into full Vegas-type, no restrictions.
And NJ should've allowed AC casinos to open up satellite locations just over the NY bridges & tunnels.

[Mrtop7]

eventually they will work it out in north jersey. They just don't want to take much business away from A.C. unless they divide up the pot I guess.

[jjgold]

End game for Vegas

NYC and cali might be the end game

[Mrtop7]

End game for Vegas

2 straight down years for vegas. It is going that way. They need to get more kids to play.

[DukeSnider]

Tioga Downs is one of only 4 casinos in NY granted the right to open up a sports book but with only onsite betting opportunities.They have just started remodeling a section of the casino to set up a discrete SB. NY has wasted the entire FB and Basketball seasons and will be finally be operational sometime during the baseball season. Cuomo has cost NY millions in lost revenues and for no good reasons while NJ is raking in millions from their SB operations....what a disgrace !

[jjgold]

Too much competition

2 straight down years for vegas. It is going that way. They need to get more kids to play.

[PharaohUB]

NYC just needs to secede into its own state. It turns over tons of money to the State, only to have to beg for some crumbs back.

Lol most ridiculous statement ever. Upstate NY would do just fine if they broke off from NYC. They could get some of their businesses back scared off by the stupid penetrating liberal policies. Nyc is a drain on the rest of the state not vice Versa. And yes ive read the article about state funding. It doesn’t even tell half the story. If you’re state is funding a college upstate that has 75% students from downstate it doesn’t count as upstate funding. Etc etc. upstate would do just fine on its own. NYC would still be broke because they are liberal and love to piss away money.

[RobertAnthonyT7]

Las Vegas doesn't make a ton of money from sports betting. We love to gamble so we think it's all about legal sports betting. It's not.

They make more money now from the clubs and pool parties. That scene has exploded and that's the draw these days for youngsters. Not sports betting.

[Optional]

NFL team will help Vegas too.

Will make overseas visitors more likely to choose it I think.

[acquavallo]

Lol most ridiculous statement ever. Upstate NY would do just fine if they broke off from NYC. They could get some of their businesses back scared off by the stupid penetrating liberal policies. Nyc is a drain on the rest of the state not vice Versa. And yes ive read the article about state funding. It doesn’t even tell half the story. If you’re state is funding a college upstate that has 75% students from downstate it doesn’t count as upstate funding. Etc etc. upstate would do just fine on its own. NYC would still be broke because they are liberal and love to piss away money.

You got the penetrating and pissing parts right. The State collects NYC proceeds and gets Fed funds, some of which it passes on to to NYC(which also gets others directly from the Feds). NYC as a State would collect & keep all its own revenue, giving zilch to Albany(including Wall St., RE & hotel taxes, casinos/racetracks/otb's/sports betting, etc.), would get a lot more Fed funds and higher than its present Income Tax. It would really do ok on its own.
Who wants to live in the ghettos of upstate NY @ 5x the property taxes of neighboring Connecticut, 100x the wind & snow of NYC? What tourist wants to endure Polar weather to go rub shoulders with upstate rednecks?

[RobertAnthonyT7]

You got the penetrating and pissing parts right. The State collects NYC proceeds and gets Fed funds, some of which it passes on to to NYC(which also gets others directly from the Feds). NYC as a State would collect & keep all its own revenue, giving zilch to Albany(including Wall St., RE & hotel taxes, casinos/racetracks/otb's/sports betting, etc.), would get a lot more Fed funds and higher than its present Income Tax. It would really do ok on its own.
Who wants to live in the ghettos of upstate NY @ 5x the property taxes of neighboring Connecticut, 100x the wind & snow of NYC? What tourist wants to endure Polar weather to go rub shoulders with upstate rednecks?

It's doubling down on a mistake. Politicians are good at that. Those upstate casinos were a mistake and this is the hail mary pass to save them. It won't work. I live on Long Island, nobody is traveling upstate to place a sports bet anytime soon. Nobody

[RobertAnthonyT7]

NFL team will help Vegas too.

Will make overseas visitors more likely to choose it I think.

I respectively disagree. I go to Vegas once a year. The idea of sweating my balls off in a stadium (Sep, Oct) isn't very appealing. In the early months, I'd much rather go to Wet Republic or Encore Beach Club. When it gets colder, I'd rather be at a book watching all the games. I think the Stadium in Vegas is going to get swallowed up by the town. Vegas is a transient city as well. I don't think the locals give a crap.

[RobertAnthonyT7]

I stand corrected, just read that the Vegas Stadium will be domed. Still wouldn't waste one of my three days there....

[reigle9]

didnt read but anything in ny will vote the opposite of what makes sense

liberal \*\*\*\*\*\* logic, book it

[jjgold]

nobody can beat offshore odds and of course lucrative bonuses

game over

[RobertAnthonyT7]

nobody can beat offshore odds and of course lucrative bonuses

game over

I've read your posts, I know you're very pro offshore. I have to disagree at this point. I've had my money from my Bitpay Card (over $3000) confiscated. Still waiting for a check since the middle of February. I can no longer effectively use bitcoin. It's only a matter of time until bitcoin becomes less and less of an option. It's over for me. I've spoken with "bitcoin department" at my book. My options are now extremely limited. The other payout methods suck. I've had multiple banks close my account for suspicious bank wires. I've personally had it dude.

[acquavallo]

didnt read but anything in ny will vote the opposite of what makes sense

liberal \*\*\*\*\*\* logic, book it

More like corrupt logic, with a few Goofy Governors and Mayors as spectators.
All parties in this cesspool have screwed NY over, talk about draining the swamp. The last few NY State Congress Speakers & Senate Presidents have ALL been indicted and/or voted out for corruption. One of them, Nadler, somehow got lucky/kicked upstairs to US Congress, where he's grandstanding about how corrupt Trump is.
Republican Governor Pataki appointed Bernadette Castro(wealthy campaign contributor) to head the Racing & Gaming Commission-- she had zero related experience...during confirmation hearings she listed among her qualifications that she had a horse path built in Central Park.
Democrat Gov. Spitzer, while serving as Attorney General sued ALL banks to stop processing funding to any gambling operation, including the NY racetracks & OTB's.
Democrat Mayor Dinkins helped kill off NYC OTB by appointing as its President Hazel Dukes-- again, zero experience(campaign payback & fellow black).
The present Governor Cuomo is dragging his feet on the sports betting because his family thinks gambling is hurtful. His father Mario almost succeeded in sinking the New York Racing Association(but did manage to help sink NYC OTB) when he was Governor.

[jjgold]

I love how guys cant wait to bet generic lines and real high juice money lines and terrible live betting lines

ROOKIES

[RobertAnthonyT7]

I love how guys cant wait to bet generic lines and real high juice money lines and terrible live betting lines

ROOKIES

I’ve been gambling online since the fire**y Days. The most important thing is getting paid. The next important thing is getting paid quickly. Unfortunately that is no longer possible for me at the moment offshore. I’m banned from Coinbase & BitPay.

I’m an outlier though. The BitPay Card is great. Until you get banned