NY Leg Website
JUSTIFICATION:
In 2021, as part of the enacted budget, New York State authorized the
Gaming Commission to license mobile sports wagering operators. Those
licenses have since been awarded to entities that are going to be tasked
with offering gaming opportunities that will lead to the best financial
opportunities for the state of New York. As the law is written, a
wagerer would not be able to place a fixed odds bet through a mobile
sports wagering operator on a horse race. This legislation would enable
mobile sports wagering providers to offer that opportunity, should they
so choose, but only if they enter into an agreement with the horse
racing content provider. Additionally, this legislation would create
additional opportunities for affiliated organizations to offer opportu-
nities to participate in this gaming activity. These changes are
expected to result in billions of dollars of tax revenue for the State
of New York.
EFFECTIVE DATE:
This act shall take effect on the ninetieth day.
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