The regulatory clearance has come at a great time for the four firms, all of which will now be open for business during the final week of regular season NFL games and more importantly, the upcoming play-offs and Super Bowl – America’s biggest sporting event.
Five further US sports betting companies were previously awarded a New York mobile sports betting license but have not yet been given permission to launch by the regulator. These are BetMGM, Bally Bet, WynnBet, PointsBet and Resorts World.
The NYS Gaming Commission said in a statement: “The remaining five conditionally licensed mobile sports wagering operators continue to work towards satisfying statutory and regulatory requirements necessary to launch and will be approved on a rolling basis when requirements are met.”
DraftKings CEO Jason Robins commented: “We are excited to finally be able to offer millions of passionate New York sports fans the top rated DraftKings mobile and online sportsbook.”
Rush Street Interactive CEO Richard Schwartz said New York’s sports fans will now have “endless opportunities at their fingertips.” He added: “The long-awaited launch of online and mobile sports betting in New York – the largest online sports betting market by population in the United States – is here, and just in time.”
New York officials are hoping to generate US$500m in an annual sports betting tax revenue and have set the steepest tax rate of any US sports betting market so far at 51% of GGR. The state has already received US$200m in operator license fees.
Source: iGaming NEXT
