Four operators have been certified to start NY Sportsbook market
Caesars Sportsbooks, DraftKings, FanDuel, and Rush Street Interactive (RSI, via the BetRivers brand) are the four approved operators.
New York’s gaming regulator approved online sports betting licences for nine companies in November 2021, while the remaining five operators (Bally’s, BetMGM, Wynn Interactive, Resorts World, and PointsBet) will be permitted to operate conditionally if they meet state standards.
“We are thrilled to finally be able to provide the DraftKings mobile and online sportsbook to millions of dedicated New York sports fans,” said Jason Robins, CEO, Co-founder, and Chairman of DraftKings.
“With the college football championship game on 10 January, the NFL playoffs approaching, and the NBA and NHL seasons in full swing, in addition to the myriad other sports and betting possibilities available, fans have unending entertainment at BetRivers,” added Richard Schwartz, CEO of RSI.
|
Bet $5, Get $125 in Free Bets - Guaranteed
|
T&C's apply
21+ in select states. First online real money wager only. $10 first deposit required. Bonus issued as non-withdrawable free bets that expire 14 days after receipt. Restrictions apply. See terms at sportsbook.fanduel.com. Gambling Problem? Call 1-800-GAMBLER or visit FanDuel.com/RG (CO, IA, MI, NJ, PA, IL, VA), 1-800-NEXT-STEP or text NEXTSTEP to 53342 (AZ), 1-888-789-7777 or visit ccpg.org/chat (CT), 1-800-9-WITH-IT (IN), 1-800-522-4700 or visit ksgamblinghelp.com (KS), 1-877-770-STOP (LA), 1-877-8-HOPENY or text HOPENY (467369) (NY), TN REDLINE 1-800-889-9789 (TN), 1-800-522-4700 (WY), or visit www.1800gambler.net (WV). |
||
|
Up To
$250
Risk-Free Bet |
T&C's apply
Offer Promotion Period: Starts at 12:01 AM Eastern Time (“ET”) on 3/8/2022 | Ends on 11:59 p.m. ET on 12/31/2022 (“Promotion Period”). If Betway decides to withdraw this Promotion, this will not impact the Promotion claim you completed during the Promotion Period before such withdrawal takes place. |
||
|
Bet $50
Get $200 in Free Bets
|
T&C's apply
Must be 21 or older to gamble. Know Your Limits™. General T+Cs and Promotion T+Cs apply. If you or someone you know has a gambling problem and wants help: Arizona call 1-800-NEXT-STEP. Colorado: Problem Gambling Hotline: Call 1-800-522-4700. The Problem Gambling Coalition of Colorado: Call 1-303-662-0772 or visit problemgamblingcolorado.org. Indiana: Call 1-800-9-WITH-IT. Louisiana: call Louisiana Problem Gamblers Help Line, 1-877-770-7867. Michigan: Michigan Department of Health and Human Services Gambling Disorder Help-line at 1-800-270-7117. New Jersey: Call 1-800-GAMBLER. New York: New York Council on Problem Gambling 24-Hour Problem Gambling Helpline at 1-877-846-7369 or text HOPENY at (467369). Tennessee: call the Tennessee REDLINE at 1-800-889-9789. Virginia: call the Virginia Problem Gambling Helpline, 888-532-3500 (toll free). |
||
|
100% Up To
$1000
|
T&C's apply
If you or someone you know has a gambling problem, crisis counseling and referral services can be accessed by calling 1-800-GAMBLER (1-800-426-2537) (IL) |
||
|
100% Up To
$1250
Risk-Free Bet |
T&C's apply
IL only. 21+. New users and first $10+ wager only. Must register with eligible promo code. Bet amount of qualifying wager returned only if wager is settled as a loss. Maximum bet credit $1,250; must be used within 14 days of receipt. Tier Credits and Reward Credits will be added to account within 7 days after qualifying wager settles. Void where prohibited. Know When To Stop Before You Start.® If you or someone you know has a gambling problem, crisis counseling and referral services can be accessed by calling 1-800-GAMBLER (1-800-426-2537). See Caesars.com/promos for full terms. Read More |
||
|
Up To
$500
2nd Chance Free Bet |
T&C's apply
Make your first-time deposit with code SPORTS and place your first sports wager with real |
||
|
$100 Risk-Free Bet
|
T&C's apply
21+. CO, IN, MI, PA, or TN only. Gambling problem? Call 1-800-522-4700 in CO, 1-800-WITH-IT in IN, 1-800-270-7117 in MI, 1-800-GAMBLER in PA, or call or text the TN REDLINE 1-800-889-9789 in TN. Terms & conditions apply. |
||
|
Deposit $20
& Get $100
|
T&C's apply
Full terms and conditions apply. Bet with your head, not over it. Call 1-800-GAMBLER if you have a gambling problem. 21+: casinorange.com/us and all content herein is intended for audiences 21 years and older. |
Only 18 of the 32 states in the United States that have legalised sports betting have also legalised mobile wagering, making New York’s legalisation of online sports betting critical for the casino sector.
Analysts at Macquarie (an investment banking firm) forecast that the state’s online betting market will generate $1 billion in yearly revenue and generate approximately $500 million in annual tax income by the beginning of 2025.
New York Sportsbooks will pay 51 percent of gross gambling revenue in taxes, which is an extraordinarily high rate for the business when compared to the median tax rate on online sports betting in the United States (of around 11 percent ). According to Macquarie, the only other state with such a high tax rate is New Hampshire.
In addition to taxes, sports betting platform providers granted licences were required to pay a one-time licencing fee of $25 million.
New York State Senator Joseph Addabbo commented on the launch of the online sports betting market, saying, “Today’s announcement by the New York State Gaming Commission that four of the nine licenced mobile sports wagering operators will begin operations on Saturday, January 8, 2022, is fantastic news for New York in terms of revenue, new funding for education, addiction programmes, and youth sports, as well as new jobs.”
