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Cuomo proposes allowing online sports betting to boost state's revenue

AP Photo
AP Photo

Gov. Andrew Cuomo has done an about-face and now embraces mobile sports betting as a way to deal with financial losses stemming from the coronavirus pandemic.

Posted: Jan 6, 2021 6:10 PM

ATLANTIC CITY, N.J. (AP) - Gov. Andrew Cuomo has done an about-face and now embraces mobile sports betting as a way to deal with financial losses stemming from the coronavirus pandemic.

Cuomo's announcement came as a company that tracks gambling legislation and performance predicted that revenue from legal sports betting could reach $3.1 billion in 2021 and as much as $10 billion within five years.

"At a time when New York faces a historic budget deficit due to the COVID-19 pandemic, the current online sports wagering structure incentivizes a large segment of New York residents to travel out of state to make online sports wagers or continue to patronize black markets," Governor Cuomo said. "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 revenue here at home, which will only strengthen our ability to rebuild from the COVID-19 crisis."

VIXIO GamblingCompliance projects that at least six and as many as 14 additional states will legalize or expand sports betting in 2021. That fits with projections by numerous analysts that nearly half the country may have legalized sports betting by the end of this year.

New York Coronavirus Cases

County data is updated nightly.

Cases: 1228867

Reported Deaths: 40806
CountyCasesDeaths
Queens1534247815
Kings1503768020
Suffolk1243842560
Nassau1113932529
Bronx1027395252
Westchester829331780
New York736343424
Erie507161350
Richmond437851367
Monroe43226742
Rockland31346806
Orange28168642
Onondaga26954520
Oneida16342335
Dutchess16115298
Albany15771251
Niagara11664235
Broome10743249
Saratoga883978
Schenectady8347118
Ulster7448186
Rensselaer6596101
Putnam629472
Chemung5479107
Chautauqua535054
Oswego476262
Ontario459279
Steuben4496130
Cayuga426769
Sullivan375148
Wayne356850
Genesee356696
Herkimer348548
St. Lawrence343756
Cattaraugus330860
Madison304775
Jefferson303121
Livingston260537
Cortland258753
Tompkins257222
Columbia234467
Allegany231375
Tioga214554
Montgomery212372
Wyoming207541
Clinton204016
Fulton199947
Warren198237
Greene196455
Orleans188268
Chenango168039
Otsego160021
Washington142421
Lewis141922
Seneca117745
Franklin10869
Delaware98316
Essex95216
Schoharie8735
Yates78316
Schuyler69910
Hamilton1451
Unassigned3992
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