It’s time for mobile sports betting in New York: Addabbo
BY BILL PARRY
As New Jersey celebrates
another month of massive
revenue brought into its coffers
through sports betting
operations, state Senator
Joseph Addabbo Jr. continues
to push to get New York
off the sidelines with mobile
sports betting.
According to the New
Jersey Department of Gaming
Enforcement, the state’s
Sports Wagering Gross Revenue
for the month of September,
which includes the
use of mobile devices, was
$37.9 million, up from $23.8
million in September 2018,
which is a 59.3 percent increase
over the one-year
period.
“New Jersey continues to
release astounding sports
wagering numbers month
after month, while New York
remains largely out of the
conversation since we do not
allow mobile sports betting
as of now,” Addabbo said.
“With football season now
in full swing, the MLB playoffs
underway, hockey season
dropping the puck, and
basketball season beginning
soon, the only way these
numbers can go is up.”
During a hearing last
May before the Senate Racing,
Gaming and Wagering
Committee, which Addabbo
chairs, Kip Levin of Fan-
Duel and Lindsay Slader of
GeoComply stated that approximately
24 percent of
New Jersey’s sports betting
revenue are bets placed by
New York residents.
According to those statistics,
New Yorkers placed
nearly $9.5 million in sports
bets in the state of New
Jersey last moth.
“With New York not allowing
mobile sports betting,
our revenues will
continue to be poured into
New Jersey and surrounding
states that have mobile
sports betting, in addition to
a missed opportunity for increased
educational funding
that is generated from our
state’s gaming operations
and creation of new jobs,”
Addabbo said.
Since January, New Jersey
has gained gross revenues
from sports betting
State Senator Joseph Addabbo Jr. said New York is losing millions
in revenue to New Jersey because the state doesn’t allow mobile
sports betting. Photo via Flick.com
of $190.6 million. Addabbo
stated that based on that figure,
the lost revenue for New
York could be more than $47
million and a certain loss of
educational funding.
Another aspect of sports
wagering that often goes unstated
is the current illegal
sports wagering that is still
thriving in New York since
residents do not have an easily
accessible way to place a
sports bet, according to Addabbo.
“Just because New York
does not allow mobile sports
betting does not mean that
people are not making
sports wagers; they are just
doing it illegally,” Addabbo
said. “Many residents do
not want to take a long car
ride to make a sports bet, so
they go to their local bookie.
I believe with mobile and an
increase in accessibility to
authorized sports betting,
we can recapture the revenue
currently being lost to
illegal sports wagering and
as a consequence, increase
educational funding as well.
I will continue to push for
mobile sports betting when
the session begins again in
2020.”
Addabbo also pointed
out that New York’s current
sports betting business,
which is only available
in-person at the four
upstate licensed casinos,
has increased its pace and
posted a total of $2.3 million
in revenue for the month of
September.
Addabbo remained steadfast
on the need for mobile
sports betting in New York,
pointing once again to New
Jersey’s $37.9 million in
revenue for the month of
September.
Reach reporter Bill Parry
by e-mail at bparry@schnepsmedia.
com or by phone
at (718) 260–4538.
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