New York Online Sports Betting To Launch in ‘Second or Third Week of January’
DraftKings, FanDuel, Bally Sports and BetMGM were the first group to successful submit bids; PointsBet, Caesars, WynnBet, Kambi Group and Resorts World later followed suit.
While in-person betting has been available in New York since 2019, revenue from online sports betting should be a boost for the state — after all, it’s striking a 51% tax on profits from operators; nearby New Jersey has just an 8.5% tax on in-person sports betting and a 13.5% tax for online or mobile wagers.
DraftKings, FanDuel, Bally Sports and BetMGM were the first group to successful submit bids; PointsBet, Caesars, WynnBet, Kambi Group and Resorts World later followed suit.
While in-person betting has been available in New York since 2019, revenue from online sports betting should be a boost for the state — after all, it’s striking a 51% tax on profits from operators; nearby New Jersey has just an 8.5% tax on in-person sports betting and a 13.5% tax for online or mobile wagers.