New York formulating bill on sports betting
New York has set the wheels in motion for the introduction of sports betting to the state. According to New York State legislator, Gary Pretlow, a bill is expected to be introduced before the Assembly this week, with New York legislators scrambling to approve the proposal before the legislative session ends on 20th June.
This move follows the recent US Supreme Court decision to repeal the Professional and Amateur Sports Protection Act. The decision now means that individual states are able to formulate their own laws on sports betting.
Earlier in 2013, when New York approved the building of additional land-based casinos, it also included a clause that would authorise these casinos to offer sports gambling – should PASPA ever be repealed.
The newly prepared bill allows betting on sporting events - including wagers that can be determined by the final outcome of the event and in-game wagering. The terms of the bill also include mobile sports wagering through platforms provided by licensed casinos pursuant to contracts with mobile vendors that register with the New York State Gaming Commission.
The betting limit has been set at 21 years of age or older, with a ban on advertising that targets minors. There are also strict guidelines determining pay-outs of winning wagers and dispute resolution procedures for unpaid claims.