Senator Addabbo calls for January launch after New York mobile betting rules are finalized

Following the publication of mobile sports betting rules in New York, State Senator Joseph Addabbo has suggested the Empire State’s mobile betting market could go live in January.

The New York State Gaming Commission (NYSGC) approved final rules for mobile sports betting on Wednesday.

NYSGC approves rules for mobile betting

On Wednesday, the NYSGC published rules for mobile sportsbooks in the state register

The publication of the rules comes after the tender process to select mobile sportsbook licensees in the state came to a close earlier this month. Two bids won the tender resulting in nine operators receiving approval for mobile betting.

The NYSGC has selected two winning bids which include a total of nine sportsbook operators. The superbid from Bally Bet, BetMGM, DraftKings, and the primary applicant FanDuel was recommended by the Commission.

The other winning bid was one led by B2B developer Kambi and a consortium of sportsbooks that included Caesars Sportsbook, PointsBet, Resorts World, Rush Street Interactive, and WynnBet.

No operators were permitted to launch mobile betting until the rules, which were first approved in August, were finalised.

Addabbo eyes January launch for mobile betting

New York Senator Addabbo said the last step before mobile betting would be able to launch was to negotiate the location of the mobile betting servers. These will be located in the state’s land-based casinos.

Addabbo praised the NYSGC on the publication of the mobile rules ahead of schedule.

In a statement issued by Addabbo, the Senator said: “I give credit to the New York State Gaming Commission for their work in advancing the state’s mobile sports betting process ahead of schedule, including the completion and posting of the rules. 

“As we complete each important step towards offering our residents a premier mobile sports betting product in New York, we must focus on getting the servers negotiated, so that they’re up and running at the approved casinos in order to take the first New York mobile sports bets for some time in January. I look forward to getting this anticipated operation off the ground and bringing New York successfully into the mobile sports betting arena.”

New York’s sports betting rules

Several aspects of the state’s mobile sports betting rules were already public knowledge after the rules were approved back in August.

Under the rules, mobile sports betting licenses would last 10 years and come with a $25m license fee.  In October, a tax matrix also revealed that operators would be subject to a 51% tax rate on gross revenue.

Key staff members will also have to be licensed in order to work for a mobile sportsbook operator, while promotional offers must be cleared by the Commission before they can be launched.

Consumers may only have one mobile sports betting account per mobile brand and will be subject to extensive Know Your Customer (KYC) checks before they can place a bet.

Consumers will be able to fund accounts via several methods however, there will be a $2,500 annual limit on credit cards.

Additionally, operators must display safeguarding features for customers, such as deposit limits and other tools, on their sites.