How To Sports Bet In New York

Expectations are rising that talk of online sports betting in a New York revenue bill is real. However, several gaming companies are seeking to change one issue in the current language that would severely limit revenue potential for the state.

Language being circulated for consideration in the Senate restricts casinos to one mobile sports wagering platform and brand.

With four commercial casinos and three tribes operating casinos in the state, a single skin would lock some major players out of the New York online sports betting market.

Current bill limits the New York sports betting market

“PointsBet and other major brands in the space would be blocked from offering innovative mobile products in New York as the language of the bill currently sits,” said Paul Hannon, vice president of strategy and retail at PointsBet USA.

“Allowing only a single skin is going to shape the market in an unfavorable way. Putting an artificial ceiling on the market’s revenue and tax potential and its upside is only doing one thing, rewarding the special interests that to date have been the most active on the lobbying front.”

Last month, Assembly sponsor Gary PretlowtoldPlayNY that he had a commitment from Assembly leadership to include online sports betting in the revenue bill.

One of the most recognizable names in sports and sports betting could launch in New York if the state legalizes sports betting thanks to a new partnership. The agreement gives Penn a 20-year deal.

Gaming analysts say New York, thanks to its population, would become the top sports betting state if it offered mobile betting. In a mature market, that could mean annual revenues nearing $1 billion. Lawmakers and the Cuomo administration have until April 1, the start of the 2022 fiscal year, to reach an agreement on the budget. New York accepts in-person sports upstate. No online betting as of 2019. DraftKings at del Lago Casino offers a wide variety of sports betting options with a secure and fun eviroment. Feb 03, 2020 Through Rivers Casino & Resort Schenectady, BetRivers has an avenue to online sports betting in New York. It has climbed to dominance in Pennsylvania and Illinois, and most certainly it will look to continue the trend in New York. Even Caesars Entertainment has a path to online sports betting, providing retail wagering to three tribal casinos. New York City does not have any in-person sportsbooks. That means sports bettors need to cross the bridge to New Jersey, Pennsylvania, or Upstate New York to place a legal bet.

New York lawmakers expected to be working on the revenue bill now. They are waiting to first see how much, if any, federal money the state gets in a coronavirus stimulus bill.

Congress will return to session next week to once again take up discussions on the legislation.

All potential New York online sports betting skins already filled

The problem for PointsBet and other online bookmakers interested in joining the New York market is that, under the current language, the state starts with seven skins. And, due to existing partnerships, none of the seven slots would be open.

Here’s a list of the casinos and tribes in New York, along with their expected mobile wagering partners:

• Tioga Downs – FanDuel Sportsbook
• del Lago – DraftKings Sportsbook
• Rivers – Rush Street Interactive (in-house)
• Resorts World Catskills – bet365
• Mohawk – FOX Bet
• Oneida – Caesars Entertainment/William Hill
• Seneca – In-house

The language would exclude Penn National Gaming from the New York market as well. The company currently has properties in eight states with legal sports betting.

With its Barstool Sports-branded app, Penn is projected to have a top-three market share of US online sports betting.

“We want to be in every market across the country,” said Jeff Morris, vice president of public affairs at Penn National. “With Barstool being headquartered there, it’s particularly important to us to be part of New York. The Senate bill as currently written would make that difficult.”

PointsBet, which recently signed a huge deal with NBC Sports, has a partnership with Tioga Downs and would get its second skin if permitted.

How seven skins stacks up with other states

In states with a casino presence, New Jersey and Indiana lead in competitive environments by allowing up to three skins per licensee for a total of 42 skins.

Colorado and Iowa also permit three skins each, capping out at 33 skins.

There are some states that limit casinos to a single online brand, including Pennsylvania and Michigan. But they still total 13 and 15 skins, respectively. New York would have seven.

Once three potential downstate casino licenses are fulfilled, the state could peak at 10 skins.

“This single skin schema would represent the least available skins per capita for mobile sports wagering among developed commercial gaming states in the country,” Hannon said. “And it is New York, the supposed bedrock of capitalism.”

How much money could New York be leaving on the table?

The New York sports betting language, as passed by the Senate last year, asserts that each agent authorized to conduct sports wagering pay a one-time fee of $12 million.

With one set of skins, that is $84 million. A second set of skins adds another $84 million, and a third set would generate an additional $168 million for the state.

PointsBet estimates three skins per casino would more than double the estimated market size from $550 million to $1.25 billion. And the increased revenue raises the state’s take from $66 million to around $150 million.

With license fees and taxes combined, New York could miss out onmore than a quarter billion dollars by limiting the market to a single skin.

“New York would be leaving a lot of money on the table if it keeps the online sports betting model to a single skin,” Morris said. “It’s clear that additional skins drive increased revenue and would exponentially increase revenue for New York at a time when it’s sorely needed.”

New York faces a massive budget deficit as a result of the economic effects of the coronavirus, and casinos are trying to recover from months of closure. The revenue from additional skins could make a big difference.

Hannon said:

“For a state that needs an influx of working capital for essential services to get to a post-COVID world, the money available from multiple skins is not immaterial. It’s not only the state that realizes those upfront licensing fees but the struggling casinos through commercialized skin agreements. As casinos in dire need of money look for a long-term tax break, there’s an influx of cash just sitting there related to sports betting skins.”

What is the right number of skins for NY?

Hannon said PointsBet believes a state of New York’s size should have at least 15 to 20 skins available.

“If 15 to 20 skins are deployed in any state and it whittles down to the seven or 10 best players where only the strong survive, that’s a healthy and vibrant market where the sustainability is strong and the revenue potential is maximized over time.”

Morris thinks New York should follow the successful model of its neighbor and match the three skins in New Jersey. The Garden State has filled 19 slots with a population less than half that of New York.

“The interest to participate in the New York market would be very high. Three skins would be a good starting point, and I think those 21 licenses would go very quickly. It’s such a big market that it would be a shame if it were limited.”

Why limit online sports betting to a single skin?

No one benefits from capping the New York online sports betting market other than companies that can limit their competition.

A study on the multiple-skin model done last year by Eilers & Krejcik Gaming for IDEA Growth listed key reasons states should consider the model:

• Larger market size
• Increased tax and license fee revenue
• Competition and competitive balance

The report noted that the increased competition invoked by multiple brands “can create benefits for consumers including better product variety and quality, and better product prices and promotions.”

Hannon added:

“It’s going to put a cap on the market because there’s not a whole lot of competition. Having New York owned by two or three nationally known brands doesn’t provide purchasing power, and maybe even some predatory pricing strategies take hold with a lot of business staying offshore as a result. There is limited incentive for the few companies granted this valuable access to continue to invest over time once market share dominance is secured.”

What do New York lawmakers think?

Pretlow told PlayNY that he is urging his colleagues to increase the permitted skins to two per casino and tribe.

Sen. Joseph Addabbo Jr. has kept his bill at one skin thus far, but said he’ll find out more after speaking to Senate leadership.

“Mobile sports betting in New York is still a moldable clay piece that can be shaped in many ways at this point,” Addabbo said.

Pretlow and Addabbo chair the gaming committees in the New York legislature. They have regularly talked about the need for New York to maximize revenue on sports betting like New Jersey.

“It would be a significant outlier if New York stays at one or even two skins compared to other states,” Morris said. “We’ll continue to educate folks and hope that, at the end of the day, they choose to have a competitive market.”

If you are an avid sports fan, you will be happy to learn that NY will soon be offering legal online sports betting. The major betting sites will present online sports betting apps in New York allowing you to place wagers using a variety of devices. With this opportunity, you will have many ways to place bets and start winning. The real money sports betting apps will provide great odds, many markets, and some stellar bonuses. Get ready to start wagering with online sports apps when they launch in 2019.

Best NY Online Sports Betting Apps in 2019

The top rated sportsbooks will enter the NY market and you will find you can access the best online sports betting apps New York in the coming year. Below is a table that highlights the most popular apps that will be available along with the operating systems that will be supported.

These sports betting apps NYC are not yet available but as sports betting laws change in 2019 you will soon be able to start placing bets on mobile devices. These are among the most trusted names in the US betting industry and you will be sure to enjoy great odds, super rewards, and a secure experience as you access any of these online sports apps.

Best sports betting apps in NY

When sports betting becomes legal in New York, you will find some of the best online sports betting apps in New York being offered. These real money sports betting apps will offer endless ways to place secure wagers and you will find them to also welcome you with exciting bonus offers. In 2019, prepare to start enjoying the world of online sports apps and get ready to discover what these reliable apps will have to offer.

Below, you can learn which online sports apps will be opening and when they are expected to launch.

• Sugarhouse Sportsbook to launch in the middle of 2019
• FanDuel – launching in the middle of 2019
• Draftkings – middle of 2019 launch
• BetLucky – opening in late 2019
• bet365 – betting app coming in late 2019

How to download sports betting apps

When it comes to accessing the best online sport betting apps in New York, you will find the process quite simple. The sites that are due to launch will offer amazing online sports apps that will be easily downloaded to a device. When the real money sports betting apps are available, you can simply visit the main site and find the download option.

The majority of online sports apps can directly be downloaded from the site for Android and iOS devices. Alternatively, you will find the online sports apps also available at the App Store if you are using an iOS device like an iPhone or iPad. The Android version will not be available in the Play Store.

You may not wish to install any software to your smartphone or tablet, so there is another way to gain access to the sports betting apps in NYC. You can visit the site through your web browser, which will provide instant access. With this option, you can sign in, manage your account, place bets, redeem bonuses, and much more. These great online sports apps will soon be available, so get ready to download or access them instantly and begin a rewarding betting experience.

With fast and secure downloads, you will find the online sports betting apps NY easy to use and compatible with many devices. If you do not already have an account, you can even sign up and make an initial deposit, which will qualify you for the welcome bonus that will be presented at the top rated online sports apps when they launch.

Are sports betting apps legal in New York?

In 2018, major changes were made to laws that pertain to sports betting. The PASPA ban was struck down, allowing individual states to offer legal sports betting. As for New York, no laws have been passed as of yet, but in 2019, you can expect sportsbooks to start operating in the state. The good news is that many of these will also offer online sports apps, where you can bet using a mobile device.

How To Sports Bet In New York City

In New York, sports betting will begin in casinos within the state and will then be offered online. Once online sites are up and running, you can expect to access online sports betting apps NY and have the ability to engage in all types of sports betting activities.

The existing laws do not mention online sports apps specifically, but seeing as New York will follow in the footsteps of New Jersey, you can expect some of the best online sports betting apps in New York to be available. This not only presents you with real money sports betting apps but also provides a way for the state to generate more revenue from wagers that are placed using online sports apps.

Back in 2016, the state of New York allowed Daily Fantasy Sports sites to begin operating, so sites like FanDuel and Draftkings are already up and running. However, these sites do not yet offer traditional sports betting. When they do, you will find you can make use of the online sports apps to begin wagering on mobile devices. This should all take place throughout 2019, with multiple sites launching and the best online sports betting apps New York being developed.

NY Online Sports Betting Market

As soon as online sports apps launch, you will find a great market where you can place a variety of bets. Each site will cover an array of professional and college sports, so you will always have the ability to engage in real money sports betting apps that deliver great odds and payouts. Here, we take a look at some of the popular sports that will be featured at online sports apps as they are released in 2019.

MLB

If you are a resident of New York, you will most likely be a baseball fan. When the online sports apps become available, you will find options to place wagers on the NY Mets and the NY Yankees. There will be a wide array of betting options, so you will be sure to enjoy many ways to generate payouts.

NFL

The NFL is one of the most popular leagues when it comes to sports betting. In New York, there are two professional teams to wager on, but you will also be able to bet on great events like the All Star Game and Super Bowl. With the best online sports betting apps New York that will be entering the market, you will find all your football betting needs covered.

NHL

How To Sports Bet In New York Times

We can’t overlook the hockey betting options that will also be popular choices at NY online sports apps. With great coverage of all teams in the NHL, you can place a variety of wagers while enjoying the hockey season.

NBA

Learn How To Sports Bet

Love basketball? The sports betting apps NYC in 2019 will offer many ways to wager on professional games. In addition to being able to bet on the NBA, you will also be able to wager on college basketball, including March Madness wagers.

Other Sports

While the mentioned professional sports leagues will be the most popular at the new online sports apps, you will find many other sports to bet on as well. The sites that will be launching will offer exciting real money sports betting apps that cover golf, soccer, motorsports, martial arts, tennis, boxing, and many other sports. All of these deliver an exciting way to bet using the best online sports betting apps in New York.

Payments Options

When you access the online sports betting apps NY, you will find a good array of payment methods that will be supported. These can be used to manage real money sports betting app accounts. Each site and app will have different methods, but these will all provide safe and reliable transactions.
Since the online sports apps will be licensed and regulated, you can be sure to benefit from great eves of protection. Below, we highlight the most popular payment methods that will be available on the online sports betting apps NY.

Deposit Options

As soon as the best sports betting apps in New York are available, you will be able to securely create an account and choose from deposit methods. These sites will offer similar methods to those being used with NJ apps. This means you can expect to find Visa, MasterCard, prepaid cards, ewallets, and bank transfers being supported.

Withdrawal Methods

Each of the sports betting apps NYC will have a list of withdrawal options that can be used. These may differ from the deposit methods, so be sure to examine what options are supported. Most online sports apps will allow you to withdraw using PayPal, Prepaid Cards, cash at land sportsbooks, and bank transfers.

New York State Sports

How To Sports Bet In Vegas

How to choose an online sports betting apps?

When you are choosing an online sports app, you will want to make sure the app meets your needs. This means it is compatible with the device you are using and provides payment methods that can be securely used for all transactions. Since the best online sports betting apps New York will be competing for customers, you will also find some great bonuses. Be sure to take some time to review these offers as well as any wagering requirements in place.

With the soon to be launched online sports apps in NY, you will find some great opportunities to wager real money and win payouts. All of the sites will be regulated and licensed to offer a secure experience and you will find that they each present excellent market coverage and betting odds.