The New York State Gaming Commission (NYSGC) announced Thursday that its next meeting will be held on Monday, Nov. 8 at 1:30 p.m., with the main topic on the seven-item agenda: Mobile Sports Wagering Consideration of License Recommendation.
The publicly-released info about Monday’s agenda items can be found here with many redactions regarding staff recommendations for final adoption of mobile sports betting rules in New York State, which also will be discussed.
What Platforms Are Expected
The New York Post reported Tuesday that the Commission was expected to choose at least two groups to begin online sports betting — one will be the so-called “super group” with sportsbooks Bally’s, BetMGM New York, DraftKings New York and FanDuel New York. That group also includes the Seneca Nation, the Buffalo Bills, the Buffalo Sabres, Major League Soccer’s NYCFC, the New York Yankees and the YES Network.
The other platform provider would be one from Kambi that includes Caesars Sportsbook NY, Resorts World Catskills, PointsBet New York, Rush Street Interactive BetRivers New York and WynnBET New York, according to Tuesday’s report.
There were six primary platform applicants for online sports betting in New York.
There is uncertainty around the other bid by Kambi with Fanatics, now led by Matt King (formerly of FanDuel), the Post story said. That bid also includes Penn National Gaming’s Barstool Sportsbook. The Fanatics group has not gotten the same paperwork to sign this week as the two groups that appear to have been selected by the state, the report said. The other three bids were from bet365, FOX Bet and theScore, now owned by Penn National Gaming.
The operators selected by New York have agreed to pay 51% of their profits based on the tax rate matrix issued by the state. New Hampshire, which also charges 51%, is the only state with a path similar to the one New York will be taking.
Once the providers are announced, the online market is expected and working to launch before the 2022 Super Bowl at SoFi Stadium in Inglewood, Calif. on Feb. 13.