New York Sports Betting Laws
If you’re a sports fan in New York, you can place your bets on games online or at sportsbooks. It’s easy to get started with online betting, especially if you don’t need to download any software. All you need to do is log on to your favorite sportsbook and choose a sport to bet on. You can then follow the action from the comfort of your own home. To make the most of your bets, you should always follow the odds on your chosen sport.
New York sports betting has had a great start in 2020, bringing in a combined $3.57 million in gross revenue through January. This is the first state to legalize sports betting, and the governor has expressed his support for the activity. While he’s supportive of the industry, the Governor of New York has also endorsed a single-source model, which has been criticized in Washington D.C. because it will increase competition and lead to worse pricing for consumers.
The Wire Act of 1961 was originally designed to prohibit illegal gambling in the US, but that was before the internet and digital wagering. In 2011, the Department of Justice allowed states to pass legislation regulating online gambling, and in 2018, the US Supreme Court overruled a 1992 law that banned sports betting on the federal level. Because of the recent ruling, most of the laws surrounding online gambling are outdated. Therefore, the best course of action for anyone interested in playing the game legally is to consult with an attorney general or an experienced lawyer in your state.