Thousands of sports enthusiasts across New York have been eagerly anticipating the beginning of 2019, as it could shed more light on the future of wagering on sports events across the state. State Governor Andrew Cuomo recently stated that he wants to see changes happening over the next 12 months, as it is high time that the state entered the legal sports betting field of the US. In the meantime, Oneida Indian Nation recently announced its partnership with, Caesars Entertainment bringing sports wagering to its gaming locations.
This year is going to be special for the region, as state lawmakers are expected to once again make the effort and greenlight the specifically designed set of rules that would benefit both the area and the professional sports leagues. The proposed bill that aims to provide regulation to the field features a tax on revenue reaching 8.5 percent in addition to an integrity fee of 0.20 percent. If this regulation receives the approval of state lawmakers, it will mean that the state fully supports people in the sports field and intends on keeping it fair for them.
New York State Prepares for Legal Sports Wagering
Integrity fees have been one of the widely discussed features across the states willing to legalize sports wagering. They remain a controversial topic but could still reserve their spot in the New York State sports betting sector. Projections are that the state will surpass Nevada when it comes to sports betting popularity with annual gross gaming revenue reaching $532 million.
The National Football League, the National Basketball Association, the Major League Baseball, and the National Hockey League will benefit from this as well thanks to the allocations. When it comes to the pie slice going to the state coffers, it could reach $41 million, a significant amount of cash that could be utilized for various projects across the state.
Thanks to the already approved 2013 law, upstate casino venue to the likes of Del Lago Resort, Tioga Downs, Rivers (Schenectady), and Resorts World Catskills could provide their casino patrons with wagering on sports events is the state allows. New York Assemblyman J. Gary Pretlow had previously expressed opinion that there is a high possibility of greenlighting the proposed set of rules over the span of the following months.
Turning Stone Casino Launches Sports Betting Soon
In the meantime, the Native American management of Turning Stone Resort Casino in Verona, among other venues announced it is teaming up with leading gaming force Caesars Entertainment. In order to keep up with remaining states which have already legalized wagering on a sports event, Oneida Indian Nation is going to introduce the entertaining opportunity to its three gaming locations.
Turning Stone, Yellow Brick Road Casino, and Point Place Casino are all set to see the premium sports betting areas introduced to them thanks to the collaboration. The National Indian Gaming Commission is expected to thoroughly review the new introduction to the tribal gaming venues while in the meantime construction work commences. Turning Stone Resort Casino and Point Place Casino are scheduled to start sports betting operation first within the first phase of the project.
As for the third location, Yellow Brick Road Casino is going to launch operation only after a complete refurbishment has taken place on site. This process is going to bring Tin Woodman’s Flask to a close for a limited amount of time. The sports wagering locations will feature LED terminals facilitating betting, as well as detailed odd boards. Moreover, players will be able to enjoy bar areas, as well as more private TV areas for the VIP players.
