New York Sports Betting Gets a Yes

Jake Cooper | 30 Jan 2019

New York Sports Betting Gets a YesFor months now, the sports betting world has been waiting patiently to see which way the chips were going to fall for the Big Apple. When PASPA was finally declared dead and buried in 2018, the race was finally on, and it wasn’t a question of waiting to see if more states were planning on joining New Jersey in the arena, but rather which states, and how soon.

And now, finally, New York’s turn has arrived. The New York State Gaming Commission has voted in the affirmative to approve the regulation of sports betting in the state, and the point of entry will be NY’s four private casinos.

Specific Requirements To Be Met

In addition to the city’s private casinos, sports betting will also be regulated for the state’s Indian-operated casinos. Each casino will have the right to decide for itself whether it will jump right in, and our guess is that this is exactly what is going to happen across the board.

The Gaming Commission has however laid down a number of conditions, one of which being that whoever wishes to offer wagering services, will be required to have a lounge available for the placing of sports bets.

Mobile wagering will not yet be allowed at this point, but this will most probably change in future.

The Race Is On

A number of online operators did the groundwork in terms of partnerships with New York casinos during last year already, one of which is Bet365. The operator sealed a 20-year partnership deal with Empire Resorts during November of 2018. The agreement will include Empire’s casino in upstate New York.

The same goes for daily fantasy sports giants, DraftKings. The operator was successful in acquiring a licensing agreement with NY’s del Lago Resort and Casino in July of last year.

The expectation is that New York will fully legalise sports betting across the board by 2020. The iconic sports heritage site and pro-league stadium, Madison Square Garden, recently joined in when it approached the US Patent and Trademark Office for brand and intellectual property rights related to sports betting. Its application includes the operation of mobile applications used to bet on sports events and the provision of information related to wagering.

Sources:

https://www.gamblinginsider.com/