Governor Cuomo To Push Mobile NY Sports Betting In Empire State Shocker

Grant Boone
January 9, 2021

Cuomo said New York's positivity rate is 8.4% including so-called micro-clusters, which are most pronounced in the Finger Lakes region.

This week, the Governor showed his support for the mobile option and stating that the new structure would incentivize a large segment of residents in the state who wager out of state or use black markets to stop, keeping the money in NY.

Governor Andrew Cuomo and state leadership finally appear to be ready to pursue online sports betting in NY.

While the news might stun longtime industry observers, Cuomo indicated in December that he would consider mobile sports betting and legal marijuana as potential bandages for the state budget crisis.

The governor said NY has done 5,000 tests specifically for the new strain and that he believes if other states tested as much they would probably have found it as well. For reference, New Jersey is projected to hit $6 billion in total handle for 2020.

Share prices hit record highs in NY
Electric-car maker Tesla Inc jumped 6% to a record high, after RBC Capital Markets upgraded its stock rating to "sector perform". Advancing issues outnumbered decliners by a 2-to-1 ratio on the NYSE and by a 3-to-1 ratio on the Nasdaq.

NY hospitals on the whole have dispensed fewer than half of their allocated doses to date, but performance varied from one group of hospitals to another, Cuomo said.

Amid complaints that the COVID-19 vaccine distribution in NY is lagging and plagued with confusion, Gov. Andrew Cuomo spoke Tuesday about how the system will operate moving forward and how the state will further distribute as it becomes more widely available.

Regulated mobile sports betting in NY is headed in a positive direction after Governor Andrew Cuomo changed his tone on the matter. "So, we want to make sure we're doing everything we can to do effective contact tracing on this case, and we're going through the employees of the jewelry store, but as it was a retail establishment, we need the cooperation of the public".

New Jersey saw record-breaking numbers for mobile sports betting. Trips allowed players to reach online sports betting sites due to their location. He hinted at running it through the New York Lottery, but the specifics of that plan are murky.

The AP reports VIXIO Gambling Compliance projects that at least six and as many as 14 additional states will legalize or expand sports betting in 2021. The operator or platform must be tethered with one of the land-based commercial casinos in the state. New Jersey sportsbooks netted $50.6 million from sports betting in November, with 90 percent of the bets being placed online. NY has administered 311,797 first doses of the two-dose vaccine - which comes out to 1,603 shots per 100,000 New Yorker.

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