Mobile sports betting in New York will begin to be conducted on January 8 after state regulators allowed four out of nine approved organizers to begin the new legal form of betting on sports betting. state.
The State Gaming Commission announced on Thursday. It said “legal and regulatory requirements” have been ultimately met to date by four of the approved operators: Caesars Sportsbook, DraftKings, FanDuel and Rush Street Interactive.
The agency last fall approved nine operators to offer mobile sports betting after the governor and lawmakers approved legislation allowing it last spring. It makes New York the largest legal mobile sports betting market in the nation, and despite its high taxes compared to other states, New York officials predict it will become the most valuable market in the world. price of 1 billion USD.
Senator Joseph Addabbo, a Queens Democrat who chairs the Senate betting and racing committee, called the betting start “great news for New York in terms of revenue, new funding for the education, addiction programs and youth sports, as well as new jobs.”
New York believes that revenue from mobile sports betting taxes for the state will eventually total $500 million annually.
Last fall, state officials hoped, though uncertain, that the bet might work before the Super Bowl in February; Addabbo praised Governor Kathy Hochul’s new administration for getting the program running before the NFL knockouts began.
Addabbo said Thursday he is pressing his legislation to allow the New York Racing Association and Finger Lake Racecourse enters into agreements with sports betting operators to place bets directly on Thoroughbred horse races.
Addabbo introduced the bill on November 19 and it was introduced in Congress on December 13 by Representative Gary Pretlow, a Westchester Democrat and racing committee chair.
The new New York law does not allow direct betting on horse racing, although it does allow a “shared wallet” system in which bettors can use the money they have when they deposit with one of the companies. mobile sports company to bet on horse racing through, for example, the NYRA Betting program.
The new mobile sportsbook also only allows operators to accept fixed-rate bets, so if the Addabbo and Pretlow bill becomes law then bets on horseback riding are made through Mobile sports betting will not be based on the pari-mutuel system.
The law also allows mobile sportsbook operators to enter into deals with “affiliates” to place sports betting kiosks in places like OTB restaurants, stadiums and sports arenas. , track and casino Aqueduct VLT.
Next Saturday, anyone 21 years of age or older will be able to place mobile sports bets — with a variety of bets — on sports competitions from anywhere within the borders of New York State. York.
