GamblingCompliance Testifies At New York Senate Hearing On Sports Betting
On May 8, 2019, GamblingCompliance was invited to provide expert testimony at a New York Senate Committee on Racing, Gaming and Wagering hearing on mobile sports betting.
The hearing was scheduled to dissect the constitutional and policy issues in play as New York lawmakers consider pending legislation to amend a 2013 casino law to accommodate the offering of online/mobile sports wagering to players throughout the Empire State.
If approved, a state-wide mobile sports-betting market in New York would be worth $856m in revenue and more than $100m in state tax revenue by its fifth year of operation, James Kilsby, vice president – Americas for GamblingCompliance, told the Senate committee during the four-hour hearing.
In addition to providing revenue projections, GamblingCompliance’s testimony outlined how fellow U.S. states and international jurisdictions are regulating mobile sports betting.
Among other witnesses who testified at the hearing were senior executives from the NBA, PGA Tour, FanDuel, Scientific Games and William Hill, along with representatives of New York’s gaming and racing industries.
A replay of the hearing can be watched via the browser below, while more information about the hearing can be found on the committee’s website.