Following earlier remarks that indicated Governor Andrew Cuomo’s intent to support mobile sports betting in New York, a new twist has emerged. Cuomo’s office issued a release further detailing the Governor’s plans for mobile sports betting. There’s one big catch: Cuomo wants a Lottery-run sportsbook monopoly.
Home » Sports Betting in the USA » Sports Betting in Buffalo Buffalo is a sports crazed city, which they prove by supporting two major sports teams (Bills and Sabres), in a city with a population under 300,000. The city has continued to support both teams even though they are aching for a championship in either sport. A parlay wager may include up to 12 teams at the self-service kiosk and up to nine teams at the betting counters in the Sports Lounge. Seneca Buffalo Creek Casino is now open. Learn about our phased opening and safety measures. Buffalo Wild Wings sports betting will most likely include a wide range of sports and leagues to bet on, with an added emphasis on top the American sports such as Basketball, Football, Hockey, and Baseball. Popular international sports should also be available at the Buffalo Wild Wings Sportsbook along with a variety of less popular niche sports.
“Under Governor Cuomo’s proposal,” reads the statement, “the New York State Gaming Commission will issue a request for proposals to select and license a sports operator or platform to offer mobile sports wagering in New York. This operator or platform must have a partnership with one of the existing licensed commercial casinos.”
Simply put, this means Cuomo wants one sports betting operator. This model is best likened to Delaware, where sports betting and online casinos are all operated by 888 Holdings.
Revenue A Key Driver
Cuomo’s reasoning for a single-operator Lottery-based sports betting model is revenue.
“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,” Governor Cuomo said. “New York has the potential to be the largest sports wagering market in the United States, and by legalizing online sports betting we aim to keep millions of dollars in revenue here at home, which will only strengthen our ability to rebuild from the COVID-19 crisis.”
But Cuomo doesn’t want all the potential revenue to go to casinos. He made this much clear in a press conference, according to WKBW Buffalo. “I’m not here to make casinos a lot of money, I’m here to raise funds for the state,” said Cuomo.
Impact On Sports Bettors
Should New York move forward with Cuomo’s desired model, sports bettors would have a single platform to bet on. At best, the selected operator might be able to launch multiple skins of the same sportsbook with the functionality remaining the same.
Any move toward legal sports betting is a good one for the potentially massive New York market. But to many, this model is limiting.
For players, this means only one sports betting option. The Lottery’s partner could set its own odds and promotions without fear of much competition. For operators, it paints a stark picture: either win the contract or stay out of New York.
The New Jersey Effect
Ny Online Sports Betting
New Jersey siphons its fair share of business from New York, drawing about 20% of sports betting revenue from bettors in the neighboring Empire State.
Sports Betting Buffalo Ny Jets
If Cuomo’s desired model comes to fruition, it spells good news for New Jersey. Operators in the state could still market to New Yorkers who want an option that isn’t partnered with New York’s Lottery. And if revenue is Cuomo’s chief concern when it comes to sports betting in New York, the impact of New Jersey should be first on his list of worries.