8
QUEENS WEEKLY, OCTOBER 27, 2019
It’s time for mobile sports
betting in NY: Addabbo
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
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 FanDuel 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
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 inperson
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.
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