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That said, depending on how the revenue-sharing agreements are set up, that, too, could hinder the market. Could a high cut for the state lead to less attractive odds for bettors? Would a limited choice of betting options still drive New Yorkers to go across state lines? Worse, would they choose to stick with their illegal bookie or offshore book?<\/p>\n<\/div>\n
In addition, what kinds of bonuses would sportsbooks be able or be willing to offer, knowing they\u2019re probably going to give half of what they earn to the state? If sportsbooks opt against big bonuses, would that keep some prospective customers from signing up?<\/p>\n
More Questions than Answers, Still<\/h2>\n
At this point, the questions are just mushrooming regarding the competitive bid process. How long will it take for the state to draft the request for proposal (RFP) and award contracts? These competitive solicitations can get drawn out, especially if the RFP is confusing or a losing bidder decides to appeal. And just who would be eligible to bid?<\/p>\n
Back in January, Cuomo said he wanted sportsbooks partnering with a casino \u2013 even though he was cutting the casinos out of the process. Is that still the case? Or would the legislation allow other sports betting entities a chance to get in on the market?<\/p>\n
Something else to keep in mind. Addabbo and Pretlow, both of whom oversee their chamber\u2019s wagering committees, may not necessarily be in the room (or Zoom call) in these final negotiations. Reports indicate that Cuomo and lawmakers agreed to a significant increase in the millionaires’ tax, a move Cuomo once opposed. Would he \u2013 or did he \u2013 give in on the tax hikes in return for operating sports betting his way?<\/p>\n
So, right now, there still are way more questions than answers. Prospects for mobile sports betting in New York in some way, shape, or form look very good. However, whether New York\u2019s betting public will like the finished product is yet another question.<\/p>\n","protected":false},"excerpt":{"rendered":"
New York Gov. Andrew Cuomo says there\u2019s “a conceptual agreement” in place for a state budget that includes mobile sports betting, and it appears \u2013 based on the Democratic leader\u2019s words Monday \u2013 that his vision for sports betting with some tweaks may have won out. State leaders blew past the last Thursday deadline to […]<\/p>\n","protected":false},"author":45,"featured_media":169659,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[13,61,1074],"tags":[],"acf":[],"yoast_head":"\n
NY Mobile Sports Betting Talks Still Leads to More Questions than Answers<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n