On Saturday morning, New York will become the 29th state in the union to officially legalize sports betting. The New York Gaming Commission announced on Thursday that four books can launch this coming Saturday at 9 am ET.
“The NYS Gaming Commission announced today that four licensed Mobile Sports Wagering Operators – Caesars Sportsbook, DraftKings, FanDuel, and Rush Street Interactive – have satisfied all statutory and regulatory requirements necessary to accept and process mobile sports wagering activity and have been approved to commence operations with launch effective no earlier than Saturday, January 8, 2022 at 9 a.m. Eastern Standard Time,” the commission said in a statement. “After that effective date, each licensee (Caesars Sportsbook, DraftKings, FanDuel, and Rush Street Interactive) will determine when to accept wagers, based upon its business capabilities and readiness.”
Four sportsbooks to go live with sports betting in New York Saturday morning
As noted in the press release, Caesars Sportsbook, DraftKings, FanDuel and Rush Street Interactive will go live. These represent three of the four largest online sportsbooks in the United States.
“We are excited to finally be able to offer millions of passionate New York sports fans the top rated DraftKings mobile and online Sportsbook,” said Jason Robins, CEO, co-founder and chairman of the board, DraftKings in a released statement. “We want to extend a special thanks to Governor Hochul, Senator Addabbo, Assemblyman Pretlow, the New York Gaming Commission along with the tireless efforts of our dedicated DraftKings team for making this a reality.”
Needless to say, this could end up being an economic boon for both the sportsbooks and the state of New York. We’ve seen revenue pick up steam big time in other states that have adopted legalized sports betting.
What states have legalized sports betting?
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Rhode Island
- South Dakota
- Washington D.C. (territory)
- West Virginia
In addition to this, other states are looking at legal sports betting at some point in the near future. That includes Maryland, Wisconsin, Alabama, Kentucky, Massachusetts and Ohio.
As noted above, it’s all about finances. In the first 10 months of 2021 alone, sports betting generated a revenue of $3.16 billion throughout the United States.