The New York state senate passed a bill that legalises a new kind of proposition bets and some awards wagers.
In a bill sponsored by New York state senator Joseph P Addabbo Jr, the committee voted on Tuesday (11 February) to amend the racing, pari-mutuel wagering and breeding law. SB 2616 would allow for betting on season-long proposition and future award winners, such as the Heisman Trophy. It would also add betting on pre-game coin tosses.
The bill passed unanimously. From here, it will continue moving through the senate. It must pass the house and get Governor Kathy Hochul’s signature before it could become effective.
According to the text of the proposal, allowing for season-long proposition bets and predicted award winners would “expand on an already successful” online sports betting product.
The New York bill noted that the state was “quickly become the leading market for mobile sports”. Adding that this was bringing in revenue for education in the state.
Senator Addabbo ha..