Thu. Jan 20th, 2022

If you live in New York, you can now use your phone to bet on sports CNBC Report The state has legalized mobile sports betting from January 8 Multiple companies are already betting until 9AM Eastern, including Draft Kings, Fanduel, Caesar Sportsbook And Rush Street Interactive. Five other companies (including BetMGM and WynnBet) have licenses, but have not yet met the legal requirements.

The move comes after former New York Governor Andrew Cuomo He changed his mind Online sports betting he sees as an opportunity to keep more tax revenue and build the state into the largest betting market in the United States. New Jersey currently dominates American online gambling, with research firm Eilers & Krejcik noting that about one-fifth of all revenue comes from the state.

However, any success may take a while. New York’s 51 percent tax rate on gambling revenue is much higher than New Jersey’s 13 percent, and it could prevent Empire State from claiming leadership for years. Still, it could be a turning point নিউ New York is clearly big and influential, and the results of its efforts could affect the position of mobile betting in states where the practice is illegal.

All products recommended by Engadget are selected by our editorial team, independent of our parent company. Some of our stories include affiliate links. If you purchase something through one of these links, we may receive an approved commission.

Source link

By admin

Leave a Reply

Your email address will not be published. Required fields are marked *