New York regulator approves nine sports betting operators

New York approved online sports betting in April.
New York approved online sports betting in April.

The committee has chosen two bid groups to offer mobile sports betting.

US.- The New York State Gaming Commission (NYGC) has chosen two groups, with a total of nine casino and online gaming operators, to offer mobile sports betting. The operators will pay the state a 51 per cent tax rate for 10 years.

One of the winning groups includes Bally Bet, BetMGM, DraftKings and primary applicant FanDuel. The other winning bid includes Caesars Sportsbook, PointsBet, Resorts World, Rush Street Interactive, WynnBET and primary applicant Kambi.

Mobile betting was included in the state budget passed in April. The NYGC revealed the applicants for its mobile sports betting licences in August. Six bidders or groups of bidders submitted proposals.

Licences were not awarded to Bet365, Penn National Gaming (Barstool Sportsbook), Fanatics Gaming, FOX Bet and theScore, which all submitted bids for sports betting rights in the state. Operators cannot launch until regulations are printed in the state register.

See also: New York sets final rates for online sports betting

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New York Gaming Commission sports betting