Instructions Posted for Potential NY Online Betting Operators

EmpireStakes.com

By Lou Monaco

Six days after the New York State Gaming Commission (NYSGC) answered the first round of questions from potential online NY sports betting providers, applicants now have licensing instructions to follow.

The six-page document posted on the commission’s website Thursday provides guidelines and documents needed for entities and individuals to file in another step forward in the NY sports betting process.

A study released this week by EmpireStakes.com showed that of New York adults surveyed, more than one in four of those seen as sports fans expect to place wagers daily when the market launches. The figure is even higher among sports bettors, as one in three will wager daily, the survey shows. Nearly half (44%) of sports bettors plan to wager at least once a week.

Instructions for NY Applicants

The licensing instructions include:

  • All entities must provide a completed multi-jurisdictional business form, completed and notarized mobile sports wagering supplemental form and taxes, financials, certificate of incorporation/formation documents, company organizational chart, contacts and licenses.
  • All individuals must provide a completed multi-jurisdictional personal history disclosure form, completed vendor key employee supplemental form, provide five years of taxes/financials, copy of photo ID, and completed fingerprint card and pre-enrollment form per the fingerprint instructions.
  • Any individuals holding a commercial casino key license or temporary commercial casino key license issued by the commission do not need to re-file. However, a notice should accompany the application stating which individuals have been licensed.
  • Commercial fingerprint information, and New York Non-Resident Cardscan Universal Enrollment Platform Processing instructions, were provided on the website. Reston, Virginia-based IDEMIA’s IdentoGO, will handle the fingerprinting process.

On July 22, the NYSGC released a 29-page question and answer document to applicants’ first questions, as the application process for mobile sports betting platforms began on July 9.

The second round of questions had to be submitted July 27, with a second response from the commission to those questions scheduled to be released Aug. 2.

All applications are due on Aug. 9.

Retail Sports Betting Revenue Up in NY

New York’s four commercial casinos continued the recent trend of seeing increased June sports betting revenue.

Tioga Downs in Nichols, Del Lago in Waterloo, Rivers in Schenectady and Resorts World Catskills in Monticello combined for nearly $1.9 million ($1,858,642) in sports betting revenue for June, up 16.9% from May, according to figures released last week by the gaming commission.

It’s the second month-to-month increase in sports betting. The state saw a 20.2% increase from April to May. New York does not release monthly handle figures, just revenue.

NY online casinos have not been legalized by the state.

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WRITTEN BY
EmpireStakes.com
Lou Monaco
Lou Monaco had been East Coast Scene columnist for Gaming Today in Las Vegas since June 2019, covering the East Coast sportsbook scene with emphasis on NJ and PA. He also currently is a part-time writer for the high school sports department for NJ Advanced Media (NJ.com) in Iselin, NJ. Lou has over 30 years sports experience with previous stints at ESPN SportsTicker, Daily Racing Form and Oddschecker.
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Lou Monaco had been East Coast Scene columnist for Gaming Today in Las Vegas since June 2019, covering the East Coast sportsbook scene with emphasis on NJ and PA. He also currently is a part-time writer for the high school sports department for NJ Advanced Media (NJ.com) in Iselin, NJ. Lou has over 30 years sports experience with previous stints at ESPN SportsTicker, Daily Racing Form and Oddschecker.
... Read More