News Archives - Play NY

Assemblyman Gary Pretlow, D-Mount Vernon, listens to Assembly members debate the interactive fantasy sports contest legislative bill in the Assembly Chamber at the Capitol on Friday, June 17, 2016, in Albany, N.Y. (AP Photo/Hans Pennink)

Assembly Sponsor Wants A Word With NY Governor On Sports Betting

Assemblyman Gary Pretlow hopes to meet with Gov. Hochul to air his grievances about the current plan for expanded sports betting.

Posted on: October 21, 2021 | | Mike Mazzeo

NY Gaming Commission Issues RFI On Three Remaining Casino Licenses

Policymakers believe expediting the unawarded licenses would bring a billion-dollar windfall to the state.

Posted on: October 21, 2021 | | Mike Mazzeo

This Sept. 9, 2018 photo shows fans of the New York Giants and Jets watching a football game after placing bets in the sports betting lounge at the Ocean Casino Resort in Atlantic City, N.J. The coronavirus outbreak has added new wrinkles for bettors this year, but even so, the nation's sports books expect a record year of bets on football in 2020 from an antsy public that has been cooped up for months amid the pandemic. (AP Photo/Wayne Parry)

New York Sports Betting Gains Ground In September; Still Annihilated By NJ

The four upstate casinos pulled in a combined $17.4 million in handle for the month, yielding $3.2 million in revenue.

Posted on: October 20, 2021 | | Mike Mazzeo

Tax Rate For NY Online Sports Betting Could Hit 64%, Per State Regulators

Legalized online sports betting in New York is moving toward a conclusion. And that conclusion could come with an effective tax rate of 64% on sports betting revenue.

Posted on: October 19, 2021 | | Mike Mazzeo

New York and New Jersey separated by the Hudson River

New Jersey’s $1 Billion Sports Betting September Frustrates New York Senator

Policymakers in New York could only watch with envy as New Jersey sportsbooks handled a record $1.01 billion in September.

Posted on: October 19, 2021 | | Mike Mazzeo

United States' Kevin Durant (7) reacts at the start of the men's basketball gold medal game between France and the United States at the 2020 Summer Olympics, Saturday, Aug. 7, 2021, in Saitama, Japan. (AP Photo/Eric Gay)

Kyrie Irving’s Absence Gives Nets’ All-Star Kevin Durant Better Shot At NBA MVP

The season is a long journey that's only just beginning, but Durant has a better shot at winning MVP as long as Irving doesn't take his.

Posted on: October 19, 2021 | | Mike Mazzeo

Five New Yorkers Indicted In $1.1 Million Atlantic City Casino Check Scheme

Prosecutors indicted three men and two women for attempting to swindle five New Jersey casinos out of more than $1 million via bad checks.

Posted on: October 18, 2021 | | Mike Mazzeo

Penn National CEO Warns UK Ad Restrictions Could Reach US Sports Betting

At a recent business summit, Jay Snowden offered some words of caution about the current state of sports betting advertisements in the US.

Posted on: October 15, 2021 | | Mike Mazzeo

BetMGM CEO: ‘Critically Important’ To Be In NY Sports Betting Market Despite High Tax Rates

BetMGM CEO Adam Greenblatt didn't mince words when saying how important it is to be a part of the NY online sports betting market.

Posted on: October 15, 2021 | | Mike Mazzeo

FILE - This Aug. 7, 2014, file photo shows David Stern, a member of the 2014 class of inductees into the Basketball Hall of Fame, listening to a question from the media during a news conference at the Naismith Memorial Basketball Hall of Fame, in Springfield, Mass. Sports in 2020 was an unending state of mourning. (AP Photo/Jessica Hill, File)

Former NBA Commissioner David Stern’s Unexpected Impact On Sports Betting Industry Still Resonates

Between his retirement and his death in 2020, Stern morphed from a sports betting opponent into an investor in several gambling companies.

Posted on: October 13, 2021 | | Mike Mazzeo