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Gov. Cuomo backs mobile sports betting in bid to close state’s budget gap.
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ALBANY — Gov. Andrew Cuomo is backing the legalization of mobile sports betting in New York in a push to close the state’s $15 billion budget gap looming in this year’s state budget — marking an about-face for the Democratic governor who previously opposed the measure.
“We want to do sports betting the way the state runs the lottery where the state gets the revenues,” the third term Democrat told reporters during a virtual press conference from Albany Wednesday.
“Many states have done sports betting, but they basically allow casinos to run their own gambling operations. That makes a lot of money for casinos, but it makes minimal money for the state and I’m not here to give the casinos a lot of money.”
“I’m here to raise funds for the state, so we have a different model for the state,” he added.
Presently, the state faces a revenue shortfall upwards of $63 billion over the next four years as the coronavirus pandemic wreaked havoc on the state economy, prompting Cuomo to look at revenue raising measures, potential tax hikes and budget cuts to state agencies and other entities.
“The way the governor is proposing it . . .the state could get up to $500 million dollars a year instead of $50 [million] and that money would then go to the state budget,” state Budget Director Robert Mujica explained during the remote briefing.
Cuomo’s proposal would permit the state Gaming Commission to issue a request for proposals from interested companies, one of which will then be selected and licensed as the state’s sports operator or platform.
Darren McGee- Office of Governor.
That company will be required to partner with one of the state’s four upstate-based licensed commercial casinos: Resorts World Catskills in Monticello, Rivers Casino in Schenectady, del Lago Casino in Tyre near Rochester and Tioga Downs near Binghamton.
Right now gamblers have to place bets in person, as in person sports betting opened up in 2019 requiring individuals to be physically present on site at a commercial casino.


Gov. Cuomo Says He Will Push For Mobile Sports Betting In New York.
Topline.
After watching neighboring New Jersey generate billions in revenue in the midst of an economy-decimating pandemic, Governor Andrew Cuomo said Wednesday that he would make legalizing online sports betting a focal point of his policy proposals when he addresses his constituents and fellow lawmakers in his State of the State address next week.
New York state Gov. Andrew Cuomo holds an NHL New York Islanders hat at a news conference on . [+] September 08, 2020 in New York City. Cuomo, though easing restrictions on casinos and malls throughout the state, has declined to do so for indoor dining in restaurants in New York City despite pressure from business owners, citing struggles by the city to enforce the state's previous orders. (Photo by Spencer Platt/Getty Images)
Key Facts.
In a statement published in the Daily News Wednesday morning, Cuomo said that New York “has the potential to be the largest sports wagering market in the United States.”
The governor added that by legalizing mobile sports wagering, the state would be able to “keep millions of dollars in tax revenue here at home, which will only strengthen our ability to rebuild” from the coronavirus crisis.
In November alone, New Jersey residents placed approximately $931 million worth of bets, breaking the single-month record for the fourth consecutive month, and bringing the YTD total to more than $5 billion.
$872.1 million, or 93.6% of those bets, were made on mobile devices.
Crucial Quote:
“At a time when New York faces a historic budget deficit due to the Covid-19 pandemic, the current online sports wagering structure incentivizes a large segment of New York residents to travel out of state to make online sports wagers or continue to patronize black markets,” Cuomo said.
Key Background:
Cuomo had previously contended that the legalization of online sports betting would require a constitutional amendment and remained opposed to mobile wagering for much of 2020, a position that frustrated many of his fellow New York lawmakers. However, facing a looming budget deficit, Cuomo finally started to warm to the idea last month. “Are there other ways to get revenue? How about marijuana? How about sports betting?” Cuomo said during a remote briefing in December. Cuomo’s proposal next week will reportedly require mobile sports operators to be licensed by the state and tethered to a ‎licensed gaming facility. According to the Daily News , Cuomo will mandate that the New York State Gaming Commission “expand existing integrity programs to ensure any entity operating mobile gaming apps implement all necessary safeguards against abuses and addiction.” New Jersey collected north of $30 million in taxes on mobile sports betting in November, raising the total to $268.8 million in 2020.
Big Number:
$837 million. That’s the amount of money New York residents wagered in New Jersey in 2019, according to a gaming report last year by Eilers & Krejcik.


NY mobile sports betting advocates welcome Cuomo’s backing, except for one thing.
New Hampshire Gov. Chris Sununu shows his receipt after placing the state's first legal sports wagering bet on his mobile phone at a sports bar in Manchester, N.H. New Hampshire has given DraftKings, a daily fantasy operator, an exclusive contract to operate mobile betting. (AP Photo/Charles Krupa) AP.
If mobile sports betting (placing wagers through electronic devices) comes to New York, Gov. Andrew Cuomo wants it to be run like the state Lottery.
That means it would be operated by the state, or at least by a single vendor chosen by the state, not by competitive businesses.
And that, many advocates of mobile sports betting say, could be a mistake. And it could set up a showdown with state lawmakers, who are currently considering bills that envision a competitive, multi-vendor model.
Is there a difference?
“It’s early days, but the data we have is that the lottery/monopoly model underperforms (in revenues) compared to competitive markets,” said Chris Grove, managing director of Eilers & Krejcik Gaming, a national research firm specializing in the gambling industry. “It’s behind in revenue and handle (the amount of money wagered.)”
Yet Cuomo has decided to embrace mobile betting precisely because he sees it as a revenue generator for the state.
“The question isn’t whether or not we do mobile sports betting,” Cuomo said in releasing details of his 2021-22 state budget proposal this week. “The question is more how and who makes the profit. This is very lucrative.”
Cuomo’s team estimates mobile sports bets could generate $500 million in annual revenues, and he believes state control would ensure that more of that money goes to the state, which is currently facing a $15 billion deficit.
“I believe the people of the state should get the revenues,” Cuomo said. “This is not a moneymaker for private interests to collect just more tax revenue. We want the actual revenue from the sports betting.”
Cuomo’s support for some form of mobile sports betting represents a change from past years, when he argued that online wagering would require an amendment to the state Constitution.
Cuomo did sign a law in 2019 that established sports betting in New York, but only for wagers placed at the physical premises of the state’s four licensed Upstate casinos. (That also opened the door for physical sports books operated by the state’s Native American nations).
While gaming proponents welcomed Cuomo’s change of heart on mobile bets, they question his support for a state-run model.
“I think we all agree we need to maximize the income for the state, and at the same time stabilize the economic situation at the state’s casinos,” said Jeff Gural, who owns Tioga Downs near Binghamton, one of the four commercial casinos where sports betting is legal. “But I think the competitive market is the best way to maximize the revenues we can raise. I don’t think the lottery model would work.”
Gural believes there’s still time to convince Cuomo to go with the competitive model. The new state budget must be adopted by April 1.
“I think we can discuss this with the governor and make the argument that competition helps everyone,” said Gural, who also owns Vernon Downs racetrack/casino in Oneida County, which has horse betting but not other sport betting. “That way we can all have success together.”
Meanwhile, bills introduced in the state Assembly and in the Senate this year call for competition. Those bills envision up to 14 sports betting app vendors — two at each of the four commercial casinos and two for each of the three Indian nations that operate sportsbooks.
“I look forward to working with the Governor and his office to efficiently implement mobile sports betting for the people of New York,” said Sen. Jospeh P. Addabbo, the Queens Democrat who chairs the Senate’s gaming committee and sponsored its bill. He has been pressing Cuomo to support online wagering for several years.
He said the multi-vendor approach, would could be expanded to include stadiums, arenas and other vendors, “is a far better product” that could lead to more revenues and more jobs in the gaming industry.
In the current sports betting model in New York, each of the four commercial casinos has partnered with a different private vendor to run its sports book. Tioga Downs is partnered with fantasy sports operator FanDuel, while de Lago uses another fantasy sports company, DraftKings. Resorts World Catskills near Monticello in Sullivan County partners with bet365, while Rivers Casino & Resort in downtown Schenectady uses its in-house firm Rush Street Gaming.
Sports betting is also available at the three Oneida Indian Nation casinos in Central New York, where the partner is Caesar’s Entertainment. The three casinos operated by Seneca Nation of Indians in Western New York and the Akwesasne Mohawk Casino near Hogansburg in Northern New York also host physical sportbooks.
The Oneidas have expressed concerns about Cuomo’s plan for legalized mobile sports betting. The compacts the Indian nations operate under guarantee them “exclusivity” in gaming in certain geographic areas of the state, which could be compromised by online bets, they say. However, the compacts also allow the tribal casinos to operate any form of gaming allowed at the commercial (non-tribal) casinos.
Different states use different models for online betting, said Grove of Eilers & Kejcik Gaming. Smaller states, like New Hampshire and Rhode Island, tend to use the single vendor/monopoly model, while large states have competitive sites.
In New Hampshire, which legalized mobile sports wagers last year, DraftKings won the monopoly to operate the online betting. It pays the state 51% of it revenues.
The issue of revenues has “a lot of moving parts,” Grove said. A small state, for example, may have a lower amount of wagers (or handle) but could attempt to make up for that with a higher tax rate, he said. A larger state may be able to set a lower tax rate but make up for it with higher handle.
In addition to the tax revenues states can claim on wagers, the other big revenue generator is the sale of licenses, Grove said. A large state like New York could get as much as $30 million per license, he said.
The bills currently in the New York state Legislature envision a $12 million license fee and a 12% tax rate on mobile sports bets (compared to 8.5% for bets at the casinos).
And another issue is making sure that whatever legal sports betting system the state adopts is attractive enough to “siphon” off the existing illegal market, Grove said.
“This is all new revenue for the state,” he said. “The question is how to do it in a way that optimizes and maximizes the value for the state.”
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State lawmakers, Governor have different mobile sports betting proposals.
Posted: Jan 25, 2021 / 04:23 PM EST / Updated: Jan 26, 2021 / 09:34 AM EST.
ALBANY, N.Y. (NEWS10) — While Gov. Andrew Cuomo has a proposal to legalize mobile sports betting in New York, one group of lawmakers has had their own legislation to do so that’s garnered bipartisan support.
“Here, the question’s not really whether or not we do mobile sports betting, the question is more, ‘How? Who makes the profit?’ I’m with the people and I believe the people of the state should get the revenues,” the governor said during his budget address.
Under the governor’s plan, the state would run mobile sports betting as it does with the state lottery, and revenues would be directed towards education funding.
Meanwhile, legislation co-sponsored by Democrat and Republican lawmakers throughout the state would allow casinos to make the profit and pay a portion of that back in taxes to the state.
Assemblyman Angelo Santabarbara said he believes the legislature’s plan is the best way to support local economies.
“Each of the casinos would be able to team up with two providers for online sports betting and they would collect the revenues and the state would receive payments based on how much revenue is generated,” he said.
That bill has already passed through the Assembly Racing and Wagering Committee.
Under the governor’s proposal, the New York State Gaming Commission would request proposals from entities to provide the infrastructure for mobile sports betting and select one or more. Santabarbara said that if the state goes with one, that could lead to a monopoly.
Stephen Acquario with the New York State Association of Counties said, while the Governor’s proposal needs to be unpacked, the organization prefers the legislature’s plan right now.
“It’s a very big business type enterprise, and hopefully, at the end of the day, the local governments and the off-track betting corporations could provide that existing infrastructure to supplement the casino infrastructure and the state system. It doesn’t make any sense to rebuild a whole new system when we have something right in place right now,” he said.
Governor Cuomo has said mobile sports betting could generate $500 million in revenues. He’s also proposed eliminating Video Lottery Terminal (VLT) aid outside of Yonkers.
Copyright 2021 Nexstar Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.




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