The rules explain that only platforms and operators approved by the state through the request for applications process may be permitted. The licenses granted through this process will then last ten years.
Operators must display responsible gambling information prominently on their websites and have a problem gambling plan they must submit to the Commission.
The rules also specify that while credit cards are permitted to fund accounts, players may only deposit up to US$2,500 per year using one.
Details of all promotions must be sent to the Commission at least 15 days ahead of that promotion’s launch, in order to be approved.
Servers to process bets must be held in one of New York’s land-based casinos in order to keep sports betting compliant with the state constitution. The rules specify that these casinos must also receive a hosting fee for doing so.
Last week, the Commission revealed the six bidders for mobile sports betting licences, with FanDuel, Kambi, Bet365, Fox Bet and theScore all in the mix.
The Commission then published further details on each of the bids. The bid led by FanDuel will also see DraftKings, BetMGM and Bally’s enter the market as both platform providers and operators, with each planning to pay a 50% tax rate.
Source: iGB North America
