23rd of May 2012 Author: Johnny Karp
State Senator, Tony Avella wants to see New York overturn or bypass the Professional and Amateur Sports Protection Act of 1992 and restricts sportsbetting to four states.
The New York Post reports that Avella has developed a bill proposing that New Yorkers are given permission to place sports wagers through the state's land casinos and racinos. The Senator's bill aspires to open up betting markets on five sports - baseball, basketball, football, hockey and soccer.
Brooklyn District Attorney Charles Hynes supports the Senator, who wants to spend the tax dollars generated from legalized sports betting on improving educational facilities.
Sports betting experts have weighed in and insist that Sen. Avella's projected sports betting revenues are extravagant. He was quoted as saying that revenues of around $100 billion nationally and as much as $15 billion to $30 billion in New York City alone were attainable.
One commentator says that if Avella's claims hold water, the federal government needs to consider nationwide legalization immediately.
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