NY mobile sports betting backers seem to be having a field day as Gov. Cuomo gives a glimmer of hope as to what will become of the gaming industry. This is all thanks to dwindling revenue caused by the Covid-19 pandemic.
In a 50-minute Covid-19 briefing, Cuomo spoke intensely regarding means of generating more revenue to fill in the state’s current $15 billion budget gap.
The governor initially looked towards tax increases as a means of revenue generation and then he asked several questions that meant a lot to most New York mobile sports betting backers. He asked, “Are there other ways to get revenue? How about marijuana? How about sports betting?”.