New York State Governor, Andrew Cuomo, approved legislation allowing for legal online sports gambling starting in 2022 for New York residents

Spencer Platt/Getty Images

It was announced this week that Governor Andrew Cuomo approved legislation that will allow for online sports betting in the State of New York — starting just in time for the Super Bowl in 2022.

Cuomo signed the bill as part of the 2022 New York State fiscal plan, and New York State Senator Joseph Abbaddo Jr. believes that the first online bets to be placed will be on February 13, 2022, which is the same day as the Super Bowl. New York will become the fifteenth state to allow for some form of online gambling to take place.


Following the 2018 decision made by the Supreme Court to repeal the nationwide ban on sports betting, New York quickly saw casinos pop up across the state throughout 2019. These casinos were safe havens for sports bettors that had been forced to place bets illegally.

With this new legislation, all New York residents will have the ability to place legitimate bets through whichever platform providers win bids with New York State.

New York officials will begin accepting bids from platform providers such as FanDuel by no later than July 1 of this year. New York will be allowed to accept bids from two platform providers to operate in the state. Providers that win bids will pay a one-time fee of $25 million for the right to facilitate sports betting in the state and must also be physically housed in a New York casino.

There will be a recurring $5 million fee associated with operating their mobile betting servers at each casino. A maximum tax rate of 13% has been set for the providers, which would yield a massive boost to the state's tax revenue.

In 2020, online sports betting generated over $200 million in tax revenue for states that allow it. It's estimated that over $20 billion was spent on betting in the U.S. last year, and that's just accounting for legal bets placed.

Governor Cuomo leans toward the New York State Lottery running the online sports betting operation, as it's done in many other states where online gambling is legal; however, many lawmakers opposed this structure and favor allowing private entities to be making bids. Opponents to the state running the online sportsbook argue that it would allow for the state to essentially have a monopoly over the industry and discourage open competition from entering the arena.

Not everyone is pleased with this news, however, as New Jersey is set to take a big hit once online gambling is legal in New York. Currently, many New Yorkers place bets in their neighboring state, as it's been a legal activity there since 2012. Since that time, New Jersey has grown to become the largest sports betting market in America, due in part to the overflow of New Yorkers placing bets just by crossing the Hudson River.

As more professional sports embrace gambling and betting, it's to be expected that more states will join New York by legalizing online sports books. As states are finalizing budgets for 2022, many will be faced with how to make up for unexpected losses as a result of the ongoing Covid-19 pandemic. Legalization of cannabis and sports betting have long been controversial topics of debate, but as unemployment and social services have drained a lot of states' resources over the past 15 month they both may be states' saving graces.

Steph Curry has came back from injury with one of his best seasons as a pro

Kelley L Cox/USA TODAY Sports

As we're just over a week away from seeing the new play-in format the NBA has decided to go with this season, it means that teams are vying to be in the top 10 in their respective conferences to keep their postseason dreams alive.

We have seen LeBron James make public statements opposing the new format even though it was unanimously approved by the NBA Board of Governors last year. It's understandable that James would have negative feelings about the new format as his Lakers have struggled throughout the season as both him and superstar teammate, Anthony Davis, have dealt with injuries which have caused them to miss significant time.

Keep reading... Show less

Cole Irvin is making waves on the west coast for the Oakland A's

Rob Tringali/Getty Images

Baseball is a game of hot streaks and slumps, and as a fantasy baseball manager it's sometimes difficult to know when to part with someone on your roster to take a chance on someone new.

Here we'll examine three players you may want to consider moving on from if you have them rostered, and provide three potential replacements for them. Just like in real baseball, sometimes you have to make the tough moves in order to win. But if you don't know what the right moves are to make then you just end up looking like the Pittsburgh Pirates of your fantasy league.

Here's some advice for you so you don't become the Pirates of your league.


First Up

Cole Irvin Oakland A's SP (30% Rostered in Yahoo)

Irvin hasn't allowed more than two runs in the past four starts and will carry a 3.09 ERA, 1.11 WHIP and 34/5 strikeout to walk ratio heading into his next one against Tampa Bay this weekend. To put how effective Irvin has been into perspective, he's averaging nearly a strikeout per inning while only .1 walk per inning.

Even if Irvin comes back down to earth a little, now is the time to pick him up while he's riding this hot streak. He is coming off a game against the hard-hitting Blue Jays where we saw him set his career-high in strikeouts with nine over eight innings. Take into consideration he has three quality starts (out of six) and his most recent loss was to the Rays who he sees again on Saturday. In that last appearance against Tampa he went six innings, striking out eight, allowed only two runs and earned a quality start in a loss.

If you're looking for a long term option at starting pitcher, Irvin presents a great opportunity to snag a hidden gem off waivers but don't expect him to last much longer if he puts in another strong performance against the Rays on Saturday.


Keep reading... Show less

Oshae Brissett

AP Photo

Who needs an Avengers incorporated ESPN broadcast when the real nerd-sports crossover is right here?

Welcome to the final round of the basketball fantasy season. You're either in the championship or you've decided that you wanted to set your lineups early and actually enjoy watching basketball.

In any case, you need to fill your rosters and we have the players you need to look out for on those waiver wires.

Booms

Oshae Brissett Guard/Forward Indiana Pacers

You'd be excused for not knowing who Oshae Brissett was before this week. He went undrafted in the 2019 NBA Draft and started his professional career in the NBA G League. Now, he is making a name for himself in Indianapolis.

Last week, the former Syracuse forward averaged 16 points, made three three-pointers, 10.7 rebounds, 1.3 steals and four blocks. With multiple Pacers players fighting injuries, Brissett should have plenty of opportunities to prove he can be a consistent contributor in the final stretch of the NBA season.

Ricky Rubio Point Guard Minnesota Timberwolves

Much like the Timberwolves, it has been an objectively bad statistical year for the Rubio. Also much like the Timberwolves, even he can have a span of success. Rubio didn't provide a ton in any category this past week, but he did average a solid 10.5 points, 1.8 made threes, four rebounds, 5.3 assists, 2.8 steals and 0.8 turnovers.

Rubio may have had a good week, but even his good week isn't much in terms of massive contributions. He may be high on last week's rankings, but he isn't worth the pick-up unless you're really desperate for steals and assists.

Isaiah Stewart Forward/Center Detroit Pistons

Stewart goes back-to-back on the list despite his scoring numbers dropping. In three games last week, Stewart scored 11 points on 53.8 percent shooting, 7.7 rebounds, one steal and 3.3 blocks.

While minutes volatility is still a fear with any Pistons player, Stewart has shown that he can contribute in four or more categories for another week. Pick him up for the rest of the season if you can.

Saddiq Bey Small Forward Detroit Pistons

Bey may still be figuring out how to be successful in the league, but at least he can score like a seasoned vet. In three games last week, he averaged 17 points, four made threes, 7.7 rebounds and 1.3 steals.

He's still a liability in terms of accuracy (39.5 percent from the field last week), but if you need scoring and rebounding, there aren't a ton of other options on the waiver.

Busts

Dillon Brooks Guard/Forward Memphis Grizzlies

The former Duck has developed into a consistent scorer for the Memphis Grizzlies. Unfortunately for fantasy owners, he doesn't provide much else. Last week, he averaged 17.5 points, but only managed to average 1.8 made threes, 1.5 rebounds, 1.5 assists and 0.8 steals.

He may not provide much in fantasy, but Memphis is fighting hard to stay in the playoff picture. Brooks will have plenty of chances to keep up his scoring numbers so if that's something you require, he is a great option to give you a boost.

Duncan Robinson Guard/Forward Miami Heat

Shooters in fantasy basketball are DCEU movies: Sure, you'll get a Snyder cut of "Justice League" or "Wonder Woman," but you have to wade through the other travesties to really appreciate them. Duncan Robinson's last week was "Batman vs. Superman: Dawn of Justice"-esque.

In four games, Robinson averaged three made three-pointers but only 10.3 points, 2.0 rebounds and 0.8 assists. People aren't picking up Robinson for his other stats, but if he's not scoring or shooting at an elite level, he's a tough pickup at best.

Danilo Gallinari Forward Atlanta Hawks

Gallinari's up and down year hit another valley last week when he averaged 10.3 points on 37.9 percent shooting, 1.3 made threes, 3.3 rebounds and 1.3 assists.

With Kevin Huerter and Bodgan Bogdanovic to compete with for minutes, anything consistent from the Italian baller can't be counted on moving forward.

Delon Wright Guard/Forward Sacramento Kings

Wright was making the most of his minutes in Detroit but since he was traded to Sacramento, his lack of opportunity has been frustrating for anyone who manages him. In four games last week, he averaged 10 points, one made three, 3.3 assists and 1.3 steals.

If you are holding out hope that Wright will step up in the finals weeks of the season, I have a monorail I think you'd be interested in.