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mgm grand casino food courtBut since this would require another constitutional amendment via public referendum, it will take a long time to implement, even if the legislation is successful — still a big “if.”The New York sports betting market has the potential to be twice as big that of Las Vegas, but that’s provided all potential stakeholders participate — and that seems to be a long way off.Having won his new term, the Cuomo was content for regulators to proceed.The regulations will now undergo a 60-day comment period, during which time the question of online betting will at least be raised.Failing that, there is likely to be legislation introduced this year in Albany that will advocate online betting, as well as authorizing wagering at the state’s racetracks and possibly elsewhere. With the US Supreme Court’s rejection of the federal ban last May, all the state needed was a framework of regulation to be drawn up by the New York State Gaming Commission.Room for Maneuver? It’s likely Governor Andrew Cuomo put the new rules on hold to avoid any kind of controversy before his bid for reelection in November. Before (inset) and future. it stands, the rules only authorize in-person retail betting.New York voters legalized sports betting in 2013 when they authorized the four commercial casinos via public referendum. Formula One team Racing Point is shortly expected to announce the first-ever sponsorship deal between a stakeholder in the global motorsport series and a gambling company. black oak casino non smoking

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