New York pulls mobile betting from 2020 budget

New York Andrew Cuomo
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New York legislators pulled the plug on mobile betting from the state’s budget for 2020, but will move ahead with plans for over the counter betting.

 

The state had widely been accepted to take a progressive stance on the issue, despite the Governor, Andrew Cuomo, repeatedly speaking out against mobile betting – and reminding that the 2013 statute that paved the way for retail betting at the New York’s four casinos, does not include online.

“From the beginning, I said we will not do a budget that fails to address three major issues that have evaded this state for decades – the permanent property tax cap, criminal justice reform and a Metropolitan Transportation Authority overhaul,” said Governor Cuomo with the budget.

“I also said this budget must be done right – meaning it must be fiscally responsible and protect New York from the federal government’s ongoing economic assault on our state. I am proud to announce that together, we got it done.”

Lawmakers now have until the end of this legislative session, in June, to push through online and mobile betting bills.

The budget did however provide for a fixed five percent tax rate on parimutuel betting, and put a cap on casinos offering free-play games to customers at 19 percent of their revenue.


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