New York Governor Andrew Cuomo this week announced his support for legalized sportsbetting in the Empire State, but it looks like it may be a long road before those in the state can bet on their favorite teams.
New York is looking at the success of neighboring New Jersey, which has seen more than $2 billion wagered on events since last summer, and they want a piece of the pie for themselves. New York has a population of 19.5 million, nearly double that of New Jersey, and while the potential for huge tax revenues are possible, it looks as if problem betting is a large albatross that will need to be addressed.
This is backed up by a report by Comptroller Thomas DiNapoli , who audited the state's gambling addiction treatment programs that are overseen by the Office of Alcoholism and Substance Abuse Services. The audit found that the OASAS programs aren't necessarily accessible enough to those in New York, and that they may not be able to reach those who need the services, regardless of their financial situation.
The battle for sportsbetting is one that will begin with lawmakers in New York, featuring much debate. Casino Listings News is following this story and we'll be updating readers as we learn more.