New York governor backs online sports betting after pandemic battered economy

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New York Governor Andrew Cuomo, facing an economic chasm deepened by COVID-19 shutdowns, wants to follow neighboring New Jersey in legalizing mobile sports betting to help his state regain its financial footing.

After years of resisting the legalization of online sports betting, the governor will push for the lucrative measure in next week’s State of the State address, according to a statement published Wednesday in the New York Daily News.

“New York has the potential to be the largest sports wagering market in the United States and by legalizing online sports betting we aim to keep millions of dollars of tax revenue here at home, which will only strengthen our ability to rebuild from the COVID-19 crisis,” Cuomo said.

An estimated 20 percent of New Jersey’s sports betting revenue comes from New Yorkers who cross the bridges and tunnels to bet.

 

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Pathetic. He has to resort to this for income because he destroyed the company. Hope the country is happy now. Democrats control everything. They will wreck the country. The dollar is already collapsing.

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