New York Gaming Commission Updates Sports Betting Questions

EmpireStakes.com

By Lou Monaco

To provide some clarity on questions relating to the new mobile sports betting legislation in New York, the New York State Gaming Commission in late April provided a question-and-answer information sheet, broken down into 92 questions over six categories.

On June 3, it provided an update to six more questions in categories posted on the commission's website include: The Mobile Sports Wagering Platform Provider and Commercial Casino Relationship; The Request for Application Process; Tribal Gaming Considerations; Tax Rate and Fee Considerations; Licensing Matters; Mobile Sports Operation.

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Questions were asked and answered by the state gaming commission and here are the updated New York sports betting highlights.

Key Questions/Answers

How can a platform provider be assured that commercial casinos are making or will make the necessary preparations to accommodate the additional network traffic that will be required when a platform provider’s servers are located at casinos’ properties?

The Commission will facilitate to ensure functionality.

Must an operator be included as part of a platform provider’s initial bid or can an operator be included later?

An operator or operators must be included in the initial bid.

How will a revenue-sharing agreement with a tribe considered in the scoring and would a platform provider earn additional points for revenue sharing with more than one tribe?

Scoring criteria will be released with the RFA.

Will operators be expected to include revenue/tax projections specific to such operator as part of a platform provider bid?

Yes.

Will all platform providers, skins and financial processing companies be required to be registered and certified in the state of New York and the United States?

Platform providers, mobile sports wagering operators and all other entities offering goods and services directly related to gaming activity will be required to be licensed as a vendor enterprise. All businesses must have the legal authority to operate within New York.

Will platforms, skins and affiliates be required to monitor and enforce Anti-Money Laundering and Know-Your-Customer practices?

Yes.

The application process for providers should begin before July 1, with a 30-day period for applications to come in and a 150-day period to select a provider.

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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