NY Lawmakers Seek Help In Push To Legalize Sports Betting

Law360, New York (June 7, 2012, 3:42 PM EDT) -- New York Democrats pushing for a state constitutional amendment to legalize sports gambling on Thursday said the move would whack $38 billion a year from organized crime but warned that the effort requires federal coordination and help from the state's attorney general.

Sen. Tony Avella and Assemblyman David I. Weprin, both from Queens, want to add sports betting to the Empire State's list of approved gambling activities — a list that already includes lotteries, bingo and horse race wagers.

Their bill was shipped off to New...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.