Online Sports Betting in New York Now Legal – Wagers Flow in the Big Apple
- Legal online sports betting launched in New York on January 8.
- New Yorkers can now bet freely from anywhere inside state lines.
- Betting online in New York began on Saturday with four sportsbooks opened to the public.
It’s been a long time coming, but legal online sports betting in New York is finally here.
With a population of over 20 million inhabitants, New York is set to become the largest online sports betting market in the United States. It is estimated that online sports betting in the state could account for 90% of its gambling handle.
Following months of uncertainty, bettors took to their phones and online devices to place bets on sports over the weekend.
Mobile Betting in New York Now Legal Via Four Operators
Legal online betting in New York went live on Saturday, January 8, much to the delight of bettors in the city.
Residents of the Big Apple that were forced to travel over the George Washington Bridge to place their bets can now gamble on football, baseball, and every other sport or event offered by legal sportsbooks in the jurisdiction.
The New York State Gaming Commission announced that four operators were good to go over the weekend. Caesars Sportsbook, DraftKings, FanDuel, and Rush Street Interactive were given the go-ahead to take bets following the satisfaction of appropriate regulatory requirements.
The following statement was released by the Commission on January 6, 2022.
Will More Legal Online Sportsbooks Open in New York?
Including the four sportsbooks above, a total of nine operators were approved for licenses by the NYS Gaming Commission.
Of the remaining five operators — which includes Kambi, WynnBet, and PointsBet — Bally Sports and BetMGM are not ready to take bets, according to the commission.
All nine operators have been granted ten-year licenses to provided legal online sports betting in New York. According to comptroller Thomas DiNapoli, the city is expecting state tax revenue from online sports betting in New York to hit circa $500 million by 2025.
Fanatics, Penn National, Fox Bet, and bet365 had license applications rejected on the initial run. It is uncertain at this point if they will reapply when submissions are open for review.
What Was the First Legal Online Sports Bet This Weekend?
According to DraftKings, one punter placed a $15 six-team football parlay on the first day of betting.
This wager was registered at 9:01 a.m. on Saturday, just one minute after sports betting was legalized in the state.
The first mobile bet in New York was a 6-team parlay:— DraftKings Sportsbook (@DKSportsbook) January 8, 2022
▪️ Kansas City Chiefs (-10.5)
▪️ Philadelphia Eagles (+4)
▪️ Under 44 (Colts/Jaguars)
▪️ Pittsburgh Steelers ML
▪️ Under 37 (Bengals/Browns)
▪️ SF 49ers ML
$15.00 to win $1,430.45 pic.twitter.com/emPLBGA7cs
Caesars published a tweet confirming that one of its first significant wagers was a $20 parlay on five soccer matches. The other two sportsbooks also provided details of the bets they took as New Yorkers scrambled to get in on the action.