- The New York State Gaming Commission (NYSGC) has released the bidding details for mobile sports betting licenses.
- Sportsbooks are able to apply for a license and finalists will be decided by December 6 and licenses will be given out by January 6.
ALBANY, N.Y. – Sports betting fans in New York are one step closer to seeing a local mobile betting market as the bidding details have been released.
The New York State Gaming Commission (NYSGC) is now officially accepting applicants for betting licenses. Finalists for the sports betting licenses will be picked before December 6 and the licenses will be issued out by January 6.
This could see mobile betting be active in the New York sports betting market in time for the Super Bowl. This would be a major game-changer for betting fans in the Big Apple.
Mobile Betting In New York
The request for applications (RFA) in New York began on July 9 and the NYSGC has 150 days to pick the winners. There is still no set launch date for mobile betting in New York, however.
To be selected, sportsbooks must be able to provide nine specific services required by New York lawmakers. This will be reviewed during the application phase.
Sportsbooks must be able to take and register wagers, generate tickets, accurately calculate bets and payouts, and keep a detailed record of all legal sports betting activity.
Additionally, sportsbooks must be able to generate reports for the commission upon request, maintain a platform of integrity, have a valid remote access system for the sportsbook, have transaction data on record for a minimum of seven years, and have a sports betting wallet able to be used at all sportsbooks with the platform.
During the review process, the RFA will be scoring potential operators a maximum of 75 points. To be granted a sports betting licenses operators must score at least 60.
The point system varies from 25 points for sports betting expertise to 2.5 points for diversity efforts.
Local New York betting fans won’t be waiting much longer for their own localized mobile betting operation.
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Coming from a background in narrative-based writing, Giovanni strives to write stories that will keep the reader engaged. Although he does pride himself in being accurate, how the story is told is also very important to him. When he’s not keeping readers up to date on sports betting laws and legislation, you can find him writing and recording music, playing videogames, or engaged in heated sports debates with his friends.