Four sports betting platforms and operators can kick off mobile sports betting in New York as soon as Saturday, the New York State Gaming Commission announced Thursday.
The four operators met all regulatory requirements necessary to accept and process mobile sports wagering activity in New York, the Commission said, and have been approved to begin accepting wagers on Saturday, fulfilling hopes around the state that operators would come online before the Super Bowl.
The approved operators are Caesars Sportsbook, DraftKings, FanDuel, and Rush Street Interactive.
Each licensee will determine when to accept wagers based upon its business capabilities, the Commission noted.
The remaining five conditionally licensed Mobile Sports Wagering Operators – out of nine announced in November as New York state’s mobile sports betting picks going forward – continue to work towards satisfying the statutory and regulatory requirements necessary to launch. They’ll be approved on a rolling basis when requirements are met, the commission said.
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State elected officials in April had passed approval for mobile sports betting, and a call for proposals had been issued over the summer. At the time of approval, officials estimated that allowing online betting could bring in up to $500 million in tax revenue annually.
This week’s announcement is “great news for New York in terms of revenue, new funding for education, addiction programs and youth sports, as well as new jobs,” said state Sen. Joseph Addabbo Jr., D-Queens, who chairs the committee on racing, gaming and wagering, in a statement Thursday.
“I want to thank the Gaming Commission for their efficiency in ensuring that these operators met all of the requirements to bring their mobile sports betting product to the people of New York ahead of the NFL playoffs,” Addabbo continued.
Mobile betting operators will have to pay 51% of their revenue to the state, but even with that, the anticipation for being able to operate in New York has been high, given the size of the state population, income levels and the number of sports teams.
The reaction from the nine vendors approved for mobile sports betting in November was enthusiastic.
“We’ve been looking forward to the opportunity to bring mobile sports betting to New York. With more than 19 million people, New York will be the biggest mobile sports betting market in the country,” Tom Reeg, CEO of Caesars Entertainment, said in a November statement.
New Yorkers have been able to participate in in-person sports betting since 2019 at one of the state’s four licensed casinos – Resorts World Catskills, del Lago in the Finger Lakes, Rivers in Schenectady, and Tioga Downs in the Southern Tier.
Some New Yorkers, especially in the downstate area, traveled to New Jersey to participate in mobile sports betting, which has been legal in that state since 2018.
Pennsylvania also legalized sports betting in 2018, with Connecticut following suit last October.
Includes reporting from Joseph Spector.