ATLANTIC CITY, N.J. (AP) - States around the country are realizing that future of sports betting - and tax money to be made from it - is online. But they’re also realizing that that extra tax money isn’t nearly enough to balance state budgets.
Currently, 15 states plus Washington, D.C., offer mobile sports betting, and several others are considering adopting it.
More than 80% of sports betting in the U.S. is done via smartphone or computer.
Around 25% of New Jersey's sports betting business comes from New Yorkers, according to New York Sen. Joseph Addeabbo Jr. Legalizing online sports betting will bring some of that revenue back to the state.
New York stands to become one of the largest markets once it gets mobile betting up and running.
However, it is not yet clear if the 10 counties in the Oneida Indian Nation's exclusivity zone would be able to participate in mobile sports betting. The zone includes Oneida, Madison, Onondaga, Cayuga, Herkimer, Oswego, Cortland, Chenango, Otsego, and Lewis counties.
Sen. Joseph Griffo, R-47, says the region could lose millions if they are excluded from the new online betting.
"Excluding these counties from mobile sports betting could result in a breach of the settlement between the Nation and the state. This could also put $70 million the state receives annually, as well as millions of dollars for Oneida County, at risk," said Griffo.
Mobile betting is expected to start in New York next year.