Mobile Sports Betting

The big winner these days in sports wagering is the State of New York. In the gambling report released by state Comptroller Thomas P. DiNapoli on Wednesday, it revealed that the Empire State is far exceeding expected tax revenues from sports wagering. Sounds great? Well, there is a good side and a bad side to every story.

While mobile sports betting has generated billions of dollars of revenue, the future of fantasy sports betting in New York is being "called to the stand" in Albany.

It’s official: New York is now the largest sports betting market in America after just four weeks of taking mobile bets.

Late Wednesday New York State Lawmakers and Governor Andrew Cuomo agreed to a plan that would make mobile sports betting legal here in the Empire State. Thanks to a need to infuse some new revenue into the states budget and try reduce New York's deficit we will be able to vote on mobile devices across the state maybe as soon as this NFL season.

The long-awaited opportunity to enjoy mobile sports betting here in New York may finally be here, or at least close. Governor Andrew Cuomo recently said that he was on board with legal betting as an opportunity to make some money and decrease the state's massive debt. How close are we really? Gaming Law and Sports Betting Attorney Daniel Wallach thinks mobile betting could be here as soon as September if one last hurdle is cleared.

The state of gambling in New York has confused me for years now. In a state where you can play the lottery, Quick Draw, scratch-off tickets, and bet horses we couldn't legally bet sports. As a guy that enjoys a wager on games now and then I was thrilled when Rivers Casino and Resort was able to open a sportsbook but still confused as to why mobile betting that has been very lucrative for New Jersey was still banned? Now it appears the governor has decided to stop letting that potential revenue leak into New Jersey and will support mobile sports wagering in his upcoming State of the State address.