FanDuel, DraftKings, Caesars among big winners in NY State
Nine mobile sports-betting operators were approved for launch in the Empire State on Monday thanks to approved licenses bestowed by the New York State Gaming Commission.
Bally Sports, BetMGM, Caesars, DraftKings, FanDuel, Kambi, PointsBet, Resorts World, and WynnBet were among those approved, while prominent outlets like Barstool Sports and FOX Bet were left out of the discussion for the 10-year licenses.
Taxes on the sportsbooks will be placed at 51 percent (which would be the highest taxed rate of any.
According to Matthew Waters of Legal Sports Report, legalized mobile betting is expected to be in place by Super Bowl 56 in Los Angeles on Feb. 13 and some insiders are optimistic that it could be launched by the time the NFL postseason arrives in February.
“We’re pleased to share that BetMGM has been granted a license to operate mobile sports betting in New York, a state vital to ensuring nationwide leadership in sports betting and iGaming over time,” BetMGM CEO Adam Greenblatt said in a statement obtained by Weston Blasi of MarketWatch.
“We would like to thank the New York Gaming Commission as well as congratulate them for keeping to their timetable.”
In September, the New York Jets entered into a deal with Fubo Sportsbook to become their official sports betting partner.
The primary part of the deal was the opening of the Fubo Sportsbook Lounge at MetLife Stadium, which is expected to debut in the fourth quarter of 2021. It marked Fubo’s first partnership with a professional sports team.
New York (2-6) returns to MetLife Stadium on Sunday to battle the Buffalo Bills (1 p.m. ET, CBS).
Geoff Magliocchetti is on Twitter @GeoffJMags
