While the bills see eye-to-eye on mobile sports betting, there are differences in respect to gaming in other parts of their spending plans.<\/p>\n
The Senate\u2019s budget includes a provision to expedite granting the three unissued licenses for gaming resorts in downstate New York. The inclusion of downstate casinos in the bill would potentially open the door for six more sports betting licenses.<\/p>\n
It’s also an issue Addabbo has been pressing for years. The pandemic and the impact it’s had on New York City and the surrounding area has helped bring it back again.<\/p>\n
Neighboring states have authorized forms of gaming that are siphoning New York state dollars and travel industry-derived revenue to other out-of-state markets,\u201d the document states. \u201cSimultaneously, as a result of the COVID-19 emergency, state and local revenues have been devastated. This is particularly alarming, given the potential effect on the state’s education funding.\u201d<\/p><\/blockquote>\n
The issue, which has the opportunity to create hundreds of millions of dollars in revenue for the state, isn\u2019t the only difference between the chambers\u2019 plans. The Assembly\u2019s bill includes language regarding the legalization of marijuana, something Gov. Andrew Cuomo (D) pushed for in his initial proposal.<\/p>\n
Cuomo has been a proponent of not issuing downstate casino licenses until 2023, which was the state\u2019s initial plan. The thought was to give upstate resorts a head start so they could establish themselves before resorts in New York City or its surrounding area opened.<\/p>\n
The Cuomo Factor<\/h2>\n
Speaking of Cuomo, the governor made a few headlines in the past month, and has pretty much seen his popularity ratings invert because of sexual harassment and nursing home death scandals. Nearly 60 Democratic state lawmakers have called on him to resign. So, too, have other prominent New York Democrats, including US Sens. Chuck Schumer and Kirsten Gillibrand, US Rep. Alexandria Ocasio-Cortez, and New York City Mayor Bill de Blasio.<\/p>\n
He said Friday he won\u2019t kowtow to \u201ccancel culture,\u201d rebuffing calls to resign. Instead, he’s urging people to let a recently started investigation conclude before making judgments.<\/p>\n
While Cuomo\u2019s power is not what it was even weeks ago, he still wields the veto pen. His proposal for sports betting varied significantly from legislators, as he\u2019s sought a more state-run approach. State law gives him line-item veto power, and it would require a two-thirds majority to override. Democrats have that on their own.<\/p>\n
Also, with the state in line to receive more than $12 billion in Rescue Plan funding, that reduces the need for lawmakers to look for new sources of revenue. Those are still on the table, because New York will need revenue streams moving forward. However, the budget plans show lawmakers aren’t buying Cuomo’s plan on sports betting.<\/p>\n
Bottom-line analysis: The chances for mobile sports betting look good, as lawmakers appear unified on a plan. With the Senate keeping downstate casinos<\/a> in play, that will come down to negotiations and possible lobbying from gaming companies like MGM Resorts International, which operates the Empire City Racino in Yonkers just north of New York City. MGM would love the chance to turn Yonkers into a full-fledged casino, with table games and sports betting. So, too, would Resorts World at its Aqueduct racino. A weakened Cuomo may not be able to get – or stop – what he chooses this time around.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"With two-and-a-half weeks left until the 2022 fiscal year starts in New York, lawmakers in both legislative chambers unveiled their budget bills for the upcoming year this weekend. It appears leaders have found at least some common ground on mobile sports betting. There\u2019s an agreement that casinos will be able to partner with two licensed […]<\/p>\n","protected":false},"author":45,"featured_media":167275,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,61,1074],"tags":[],"acf":[],"yoast_head":"\n
Budget Docs Show New York Lawmakers Agree on Mobile Sports Betting<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n