New York Sports Betting Update: State Announces Winning Bidders For Mobile Sports Wagering
Sports betting is coming to New York. Today, the New York State Gaming Commission met and approved the winning bidders for mobile sports wagering and sports wagering at gaming facilities throughout the state.
The expectation is that online sports betting will be up-and-running before the kickoff of Super Bowl LVI. You’ll have your choice between Bally Bet, BetMGM, DraftKings, Fanduel, Caesars, Wynn Interactive, Empire Resorts, PointsBet, and Rush Street Interactive.
The following books were not granted a license: Penn National, Bet 365, theScore, FOX Bet, and Fanatics Sportsbook.
According to the New York Post, New York expects $10 billion in sports betting in the next year with nearly $1 billion in profits that would be split between the state and the operators. New York is not expected to see any free bets due to the high tax incorporated by the state. The companies have agreed to give 51 percent of profits to the state, for reference New Jersey shares just 13 percent of their profits. New Hampshire is the only other state that charges a percentage that high, as they also take in 51 percent.
Coming soon will be a special offer for New York users from DraftKings, Fanduel, and BetMGM which gives users a deposit bonus of up to $1000.