- New York Sports Betting: What We Know, When It Will Launch, and Where You'll Be Able to Bet
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New York Sports Betting: What We Know, When It Will Launch, and Where You'll Be Able to Bet
In April of 2021, New York legalized online sports betting with the promise that it will be available before the 2022 Super Bowl. With the big game now only three months away, New Yorkers should be able to place legal sports bets from the comfort of their own home in no time. While we still don’t have a concrete start date, we have learned lots about the infrastructure being laid to make sure the launch is not only successful and fair, but in the state’s best interest. Here’s everything we know about legal online sports betting in New York so far:
When it will launch:
As I said, we still don’t have a concrete start date. However, with the 2022 Super Bowl set to take place on February 13th, the clock is ticking. It’s a general consensus that the February date is the deadline, yet many of the approved sportsbooks have shown interest in launching earlier in order to assure that everything is running smoothly for the Super Bowl.
Now that New York has approved nine sportsbooks for online gaming licenses, their ability to launch depends on two things--one easy, and one not so much. The easy element to this is simple--the newly approved regulations have to be printed in the state register, which was printed just a few days ago on November 24th. The more challenging part of this lays in the placement of the actual servers. When the regulations for online sports betting were first put in place in New York, it was said that the servers MUST be kept in one of the four commercial casinos in the state. While this greatly limits the options for practically setting up a base for operations, it shouldn’t hinder the February start date too much.
Which Sportsbooks will be allowed?
Just a few weeks ago, New York announced the 9 sportsbooks that bettors will be able to use in order to place their bets. The 9 sportsbooks are as follows:
- BetMGM Sportsbook
- Caesars Sportsbook
- FanDuel Sportsbook
- Resorts World
- PointsBet Sportsbook
- BetRivers Sportsbook
- BallyBet Sportsbook
- WynnBet Sportsbook
- DraftKings Sportsbook
Each of these sportsbooks will be able to operate independently, and the state plans on allowing more books as time goes on. The state will collect 51% of all revenue from these sportsbooks in taxes, which will lead to what seems to be a nice revenue stream.