New York announces licenses for mobile sports betting
Abigail Rubel reports in the Times Union that the state Gaming Commission announced Nov. 8 that it awarded mobile sports betting licenses to Bally Bet, Bet MGM, DraftKings Sportsbook, Caesars Sportsbook, PointsBet, Resorts World, Rush Street Interactive, Wynn Interactive, and FanDuel Sportsbook. The announcement came earlier than the Dec. 6 deadline, as officials hope to have legal sports betting up and running in New York in time for the Super Bowl. It will take 90-120 days between the awarding of the licenses and the beginning of betting here, as state officials also issue ancillary licenses to vendors who provide geolocation services to make sure that bets are placed in New York, and as the betting apps are tested. New York is taxing 51 percent of the revenue from the vendors. Currently, sports betting is allowed at casinos in New York, and legislators approved legalized mobile sports betting in April as part of the state budget. Read more about this story in the Times Union.