It’s been a long and hard fought battle, but our gambling news this week finds New York online sports betting finally approved! Internet sports bets could be live before the next Super Bowl… unless a problem arises. And wouldn’t you just know it, a big problem has already surfaced!   Hello friends! Thanks so much for streaming another edition of This Week in Gambling, where we have news about a Las Vegas legend making a comeback… sort of. But first, start spreading the news: it’s this week’s big story! When New York regulated sports betting back in 2019, it was…

The new budget for the 2022 fiscal year includes plans for New York mobile sports betting. The announcement came as the state legislature and Governor agreed on an arrangement that could allow four online sports books to be operating in the state as soon as September. The New York Lottery would issue licenses to two mobile betting operators, and they would subcontract licenses to a total of four operators. The state will become the most populous to legalize mobile sports betting, and estimates are it will creating a revenue stream of $500 million a year. The governor also promised that…

Virginia online sports betting is growing ever closer to launch, and hopes are that wagers could be placed by residents even before the Super Bowl! Estimates are that the market could wager over $400 million this year. Betting on sports was approved some time ago, but the state will have no land based sports books. Only online betting is permitted under the state law. Expectations are that the Virginia Lottery will green light dozens of betting websites in the state. Sites that will be able to legally accept bets from state residents on a variety of sports. However, wagers are…

Players in the Empire State have been able to place wagers on sporting events at land based casinos, but New York online sports betting has so far remained elusive despite repeated attempts to regulate it. However, Governor Andrew Cuomo recently indicated that he is open to legalizing mobile sports wagers in his state. He mentioned the topic while discussing the state’s financial $17 billion deficit, caused in part by the Coronavirus pandemic. New Jersey has emerged as the leader in sports betting with a handle of over $930 million just in November. If the activity were regulated in New York…

The fight over online sports betting in New York has been raging for the past several years. Now, it’s back again. Lawmakers in the state are hoping that a looming budget deficit and falling revenues may finally help regulate internet sports bets. State Senator Joseph Addabbo and Assemblyman J. Gary Pretlow have been long time advocates of the activity, and have now hinted that online wagering legislation could pass out of the legislature before the end of the year. “My colleagues know that we need the money and there will be revenue deficiencies next year compared to this year, so…

Will it take a pandemic to legalize US online gambling? Last week Las Vegas shut down. Every casino shut their doors. And not just in Nevada, but all across America. Casinos are closed for business. There is an obvious benefit here for online casinos, poker rooms and sports books, but so many of those are offshore. Only a few states have regulated internet betting, but an industry trade group thinks the global virus scare could change that. iDevelopment & Economic Association is now pushing states to allow online casino games to replace their disappearing revenue. This includes exploring how governors…