New York sports betting launches with four operators January 8
The New York Gaming Commission has approved DraftKings, FanDuel, Caesars, and Rush Street Interactive to begin accepting mobile bets.
US.- The New York Gaming Commission has approved four online bookmakers to begin accepting mobile bets on January 8. DraftKings, FanDuel, Caesars and Rush Street Interactive have reached all regulatory requirements to launch mobile sports betting.
The launch comes ahead of the NFL playoffs, one of the busiest periods for U.S. betting activity in the year.
About the announcement, New York Senator Joseph Addabo said: “Four of the nine licensed mobile sports wagering operators have been approved to begin operations starting on Saturday, January 8, 2022. This is great news for New York in terms of revenue, new funding for education, addiction programs, and youth sports, as well as new jobs.”
The five other online bookmakers that have applied for a mobile wagering license “continue to work towards satisfying statutory and regulatory requirements necessary to launch and will be approved on a rolling basis when requirements are met,” the commission said in a news release.
Kambi Group has been a primary applicant on one of the bids. Kristian Nylén, CEO of the company, said:
“We are excited to launch online in New York State this weekend, along with our partner Rush Street Interactive, which marks another significant milestone in the growth of Kambi. Being selected to operate in New York by the New York State Gaming Commission underlines the high quality, integrity and reliability of Kambi’s sports betting technology.
“I’m delighted that Kambi will be up and running on day one of the market, in time for the business end of the NFL season. New York is among the most populated and sports passionate states in the US and will no doubt be one of the largest regulated wagering markets in North America, one we are both excited and honoured to be playing a leading role in.”
The other online bookmakers are Bally’s Corp., BetMGM, Wynn Resorts, PointsBet Holdings and Genting’s Resorts World.
New York regulator approves sports betting operators
In November, the New York State Gaming Commission (NYGC) chose 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 FanDuel. The other winning bid includes Caesars Sportsbook, PointsBet, Resorts World, Rush Street Interactive, WynnBET, and primary applicant Kambi Sports.
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.
