New York has garnered a heavy influence in the sports betting industry. Supporters of gambling expansion are hoping its market success can influence lawmakers in other large states without sports betting such as Florida, California, and Texas.
Critics, meanwhile, feel that its success has uncovered problems with the current structure—that much was seen near the start of the month when Senator Pete Harckham (D-South Salem) introduced SB 9605, which called for a restriction on “predatory” language used by sportsbooks during promotions.
The New York Times has also been actively involved in shaping the image of sports betting through its commentary on marketing strategies and hit piece on Barstool Sports founder Dave Portnoy.
Regardless of the roadblocks, the New York market looks here to stay, especially with major events like the College Football Playoff and Super Bowl on the immediate horizon. Almost all of the surrounding states, including New Jersey, Pennsylvania, Connecticut, Massachusetts Massachusetts and Rhode Island, also have legal sports betting industries.
Nearby Vermont is also likely to join the wave as a committee is set to recommend creating a local sports betting market at a meeting this week.
The performances of New York sports teams could push the status of the local sports betting market even further. Both the New York Jets and New York Giants have realistic chances to make the playoffs, with the former sitting one spot on the outside by way of a tiebreaker and the latter occupying the NFC’s seventh seed.