The Highlights
- Wednesday's deadline for a new sports-betting bill in New York came and went without legislation to set the framework for legalization and regulation.
- Sports betting within the state now falls back on a 2013 that allows only four casinos to move forward with legal wagering.
- With no bill expected until at least January of 2019, New Jersey's sportsbook operators will be able to offer legalized sports betting without much competition from neighboring New York.
New York lawmakers were not able to agree on an updated bill to allow legalized sports betting before the legislative session ended on Wednesday, leaving the future of sports gaming within the state up in the air.
According to a Syracuse.com report, the next opportunity for legislators to address legalized sports betting isn't likely to happen until January 2019, at the earliest.
Under current law, only Rivers Casino & Resort, Resorts World Catskills, del Lago Resort & Casino and Tioga Downs casinos will be able to offer sports betting within the state of New York, but any variation of online and/or mobile wagering is not allowed.
In addition, bettors will not be permitted to wager on games played by colleges within the state of New York, as well as any college games played within the state itself.
New Jersey sportsbook operators are certainly smiling about the news with Atlantic City — just over a two-hour drive from Manhattan — positioned to take advantage of legalized sports betting throughout the 2018 NFL season.
