New York News

New York, Maryland, and Washington D.C. revealed massive betting handles for the month of March that exceeded their previous record highs. New York, the nation’s leader in online sports betting, produced $230 million in revenue from casinos and legal and online sports betting sites.

There has long been discussion of making use of the overflow parking areas surrounding Citi Field near Willets Point, a neighborhood in Queens, New York. Assemblyman Jeffrion Aubry (D-Queens), whose jurisdiction includes the Mets’ home ground, wants at least 20 acres to be used for a brand-new casino.

Following a series of legislative proposals, discussions, and analyses of the market, the Big Apple is enforcing restrictions on advertising to underage persons and college students. The rule change received unanimous approval and is just another instance in a series of advertising regulations.

Hochul shared her intent Wednesday during the reveal of a 2024 budget plan. The MTA, which includes the state subway and bus transits, is down roughly 40% on pre-pandemic levels, and could receive an extra $1.3 billion in attention.

Under the framework of [the] bill, New York would have at least 14 online operators up and running by the end of January 2024, and no less than 16 by the same time a year later. There would also be a tax cut for operators.

New York sportsbooks brought in $148.2 million of revenue, a 1.7% increase on the $145.7 million total earned in October. New Yorkers also wagered roughly $1.56 million, up from October’s $1.54 billion total.

Carter and his team announced their alliance during SL Green’s annual investors conference Monday. The group plans to build a boutique-style casino at 1515 Broadway office tower, a property already owned by the real estate company.