NEW YORK (77WABC) – With New Jersey turning into an online sports capitol of the country, it appears New York Governor Andrew Cuomo is finally embracing online sports betting in the Big Apple.
The details are not yet clear, but Cuomo acknowledged he would finally address the fact that New York has not embraced online sports betting. On Wednesday morning, Cuomo’s office published a statement in the New York Daily News.
“New York has the potential to be the largest sports wagering market in the United States, and by legalizing online sports betting we aim to keep millions of dollars in tax revenue here at home, which will only strengthen our ability to rebuild from the COVID-19 crisis,” Cuomo said.
New York State Senator Joe Addabbo has been imploring Cuomo’s aids to take up sports betting handle, as New Jersey is set to break the all-time yearly record when final numbers are reported next week. The previous record of $5.3 billion was set by Nevada in 2019.
In February 2020, FanDuel and DraftKings, who were lobbying the state to allow online betting, proposed scenarios of taxation that some experts say could generate more than $200 million for New York.