New York Bill could bring Sports Betting To Stadiums

Sports Betting

Sports fans would be able to place bets at Yankee Stadium and other major venues under a revised bill filed Wednesday.

New York State Sen. Joseph Addabbo, who chairs the Racing, Gaming and Wagering Committee, filed a revision Wednesday to the mobile sports betting bill that would all in-person wagering in counties that don’t have gambling venues.

won’t be able to set up betting machines. However, the legislation will clear the way for gambling at places such as Yankee Stadium, Madison Square Garden and the Barclays Center.

“I think this is a win-win for New York City,” said Daniel Wallach, co-founder of the Sports Wagering & Integrity Program at the University of New Hampshire Law School.

He adds that this version of the bill makes much more sense the last version, which only allowed in person betting inside casinos.

“In a sports stadium all along the lines of Yankee Stadium, you could have 40, 50-thousand people – all of whom are your target audience for sports betting, there are sports enthusiasts – and I think you’ll capture a much higher amount of revenue,” Wallach said of the revision.

If the proposed legislation passes, fans would be able to place bets on mobile devices, such as smartphones or in-person at self-service betting kiosks.