- Spectrum Gaming Group will study the implications of opening new casinos around New York City as well as expanding current sports wagering operations.
- A draft of Spectrum Gaming Group’s report will be due to the New York Gaming Commission by April 1.
- The expansion of mobile sports betting in New York will require a voter referendum.
SCHENECTADY, N.Y. – The New York State Gaming Commission (NYSGC) has selected Spectrum Gaming Group of Horsham, Pennsylvania to conduct an in-depth study into the effects of expanding gambling operations in New York.
Last week, NYSGC spokesman Brad Maione told The Daily Gazette that the Commission chose Spectrum over two other company’s bidding for a contract to handle the study, but a final contract still has to be reviewed and approved by the New York State Comptroller’s Office.
The goal of the study is to analyze whether or not there is space in the New York gambling market to open more casinos, especially in the New York City region. The opening of those casinos may harm the revenue that other state casinos are generating.
Sports betting in New York was recently launched at commercial and tribal casinos as a way to help those gaming venues increase foot traffic.
Commercial casinos in the state were already struggling to meet their financial goals, most notably Resorts World Catskills which is the closest casino to New York City.
The study will also take a closer look at the possible expansion of sports wagering in New York. As of now, all sports bets in the state must be made in-person and inside of an approved commercial casino or tribal casino.
Spectrum Gaming Group will see how sports wagering in video lottery casinos and legal online sportsbooks in the state may fair. The introduction of mobile sports betting apps in New York would require a voter referendum.
The study is scheduled to begin on December 1. A first draft of the report is due on April 1 and a final report is due by June 1. The 2020 legislative session in New York is set to last from January 8, 2020, to June 2, 2020.
This means that the first draft of the report may influence state lawmakers to put mobile sports betting in New York on the 2020 ballot.
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News tags: Brad Maione | New York | New York State Gaming Commission | Resorts World Catskills | Spectrum Gaming Group
– In his career, Hasan has worked both local and state government positions—including the Attorney General’s Office in Florida. On top of being familiar with the legislative process, he has also been researching and writing on the legality of sports betting across the US. Outside of work you’ll most likely find him producing or playing music, playing sports, or working on creative writing projects. You’ll also catch him at Doak Campbell Stadium cheering on the Noles.
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