Quick News Bit

Bet on it: NY mobile sports gambling to go live this weekend

0

NEW YORK (AP) — Mobile sports betting is coming to New York.

The state’s gaming commission announced Thursday that four of the nine mobile sports wagering operators selected in November have been approved to accept bets as early as Saturday morning.

The announcement gave the go-ahead to Caesars Sportsbook, DraftKings, FanDuel, and Rush Street Interactive. The New York State Gaming Commission said the other five — Wynn Interactive, Resorts World, BallyBet, BetMGM and PointsBet — are in the process of meeting statutory and regulatory requirements and will be approved when those requirements are met.

Several upstate casinos began allowing in-person sports betting in 2019, but the push to tap into the more lucrative mobile market stalled while then-New York Gov. Andrew Cuomo questioned whether approving it would require a change to the state’s constitution, before he ultimately signed the the bill into law in April.

State elected officials have estimated it could bring in up to $500 million in tax revenue annually.

Democratic state Sen. Joseph Addabbo Jr., a longtime advocate for legal sports gambling, called the announcement Thursday “great news for New York in terms of revenue, new funding for education, addiction programs and youth sports, as well as new jobs.”

For all the latest Life Style News Click Here 

 For the latest news and updates, follow us on Google News

Read original article here

Denial of responsibility! NewsBit.us is an automatic aggregator around the global media. All the content are available free on Internet. We have just arranged it in one platform for educational purpose only. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials on our website, please contact us by email – [email protected]. The content will be deleted within 24 hours.

Leave a comment