New York Governor Cuomo: ‘How about sports betting’ for new revenue?

New York Gov. Andrew Cuomo suggested sports betting could be a way to help NY raise new revenue as the state faces a shortfall of funds for its budget.

“Are there other ways to get revenue? How about marijuana? How about sports betting?” Cuomo said in a televised briefing that also talked about the COVID-19 pandemic.

It was far from a full-throated endorsement of online betting. But Cuomo has said in the past that he opposed the legalization of NY online sports betting because he believed it would require a constitutional amendment. The mention of sports betting in this setting might indicate that Cuomo has relaxed that stance.

New York already has sports betting at physical casinos, but no statewide online betting.

Cuomo put forth two possibilities in the address: Doing a budget in the coming days, or to wait till the spring when New York might know if it will be getting funds from the federal government to help with its revenue shortfall.



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