When you sign-up through links on our site, we may earn an affiliate commission. Learn more >
100% Deposit Match up to $100
21+ CO, VA, MI Only | Terms and conditions apply
Right now in the state of New York it is only possible to place sports wagers in person at retail locations, but the bigger money in sports gambling is made online, and now the Empire State has just moved a step closer to launching its own mobile market.
On Wednesday, New York published their notice of the adoption of mobile sports betting rules in the New York State Register, the official journal of the state government that contains information on proposed regulations and rulemaking activities.
According to the notice, this move allows the New York State Gaming Commission to “prescribe the rules for mobile sports wagering through servers located at casinos and improve sports wagering regulation at casinos” as laid out in recent changes to gambling law in that state.
It’s another step of many on the journey towards a legally launched mobile sports betting market.
Like any new state law being implemented, it takes multiple steps and a complicated to-do list to move forward, and so far New York seems to be checking off these items one at a time despite having to wade through piles of associated red tape.
Once the budget-related legislation was passed in April, the gaming commission was required to award licenses to two or more sports betting platform providers, companies that would then host a minimum of four sportsbooks between them.
That happened, as we recently reported in New York Gaming Commission Approves Nine Online Sports Betting Licenses, with each of those nine companies being granted a 10-year operating license in the state of New York.
It’s a lucrative mobile market that New York is finally joining.
Each online sports betting license holder in New York will be subject to a 51% tax, the highest rate in the United States right now, with neighboring states like New Jersey (14.25%) and Pennsylvania (36%) applying much lower tax rates to their markets.
With that higher tax rate comes a larger revenue share, and in New York’s case industry experts have projected that the mobile sports betting market to eventually generate $1 billion in annual revenue, which should equate to $493 million in yearly tax revenue by the beginning of 2025.
It’s online sports gambling money that New York bettors have already been spending out of state using either risky offshore sportsbooks or by visiting neighboring states like Connecticut and New Jersey where such activities have already been legalized.
Now that the proposed rules for mobile wagering have been adopted by the commission, as indicated by the notice in the state register, New York’s online sportsbook must now ensure several regulatory and technical requirements are met before they can go live.
Keep checking back for the latest news and updates on this ongoing story.
Free play options
Special contests for newbies
Bet $5 on a Money Line, Get $150 in Bonus Bets
21+ | Terms and conditions apply
Wide range of betting options
Top notch customer service
Promo Code 'SPORTS'
$500 Free Bet
21+ | VA only | Gambling problem? Call 1-800-532-3500
Mike Lukas is a retired standup comedian turned freelance writer now living in Dallas, Texas, originally from Cleveland, Ohio. His love for the game of football and all things Cleveland Browns turned Mike into a pro blogger years ago. Now Mike enjoys writing about all thirty-two NFL teams, hoping to help football gamblers gain a slight edge in their pursuit of the perfect wager. Email: [email protected]More info on Mike Lukas
© Rebel Penguin ApS 2023 (a subsidiary of Gaming Innovation Group Inc.)
We support responsible gambling. 21+ Only. Gambling problem? Call 1-800-Gambler.
WSN.com is run by iGaming Cloud Inc (a Gaming Innovation Group Subsidiary) and is registered with the New Jersey Division of Gaming Enforcement (DGE) under affiliate vendor ID 89744, with the Indiana Gaming Commission (IGC) under certificate of registration number SWR-000148, approved by the Pennsylvania Gaming Control Board as a gaming service provider, under certificate registration number 117656-1, possesses a Vendor Minor sports betting license from the Colorado Limited Gaming Control Commission (account number 94414163), granted a vendor registration number VR007603-20-001 by the Michigan Gaming Control Board, an interim Sports Wagering Supplier license, under license number SWS 066, issued by the West Virginia Lottery Commission, a sports betting vendor registration, under registration number #100400, issued by the Director of Gaming Licensing and Investigations of the Virginia Lottery to operate in the State of Virginia, and a Vendor Registration issued by the Sports Wagering Committee of the Tennessee Education Lottery Corporation.
Advertising disclosure: WSN contains links to online retailers on its website. When people click on our affiliate links and make purchases, WSN earns a commission from our partners, including ESPN and various sportsbooks.