Gaming experts from PlayNY.com say that New York mobile sports bets will do well, but may not quite live up to the to $500 million in annual tax revenue expectations some have predicted by 2024. Former Gov. Andrew Cuomo’s administration budgeted for proceeds from online gambling to reach $99 million in FY 2022, $357 million in FY 2023, and $500 million by FY 2024, which would easily be the most ever for one state. With the regulations for online sports betting now clearer, the New York mobile sports bets market will be highly lucrative for the state but fall short of…

As the NFL playoffs come upon us, expectations for the launch of New York mobile sports betting grow. We were promised that the state would have the activity up and running in time for the Super Bowl, and it looks like Saturday January 8th will be the day! Earlier this week, prominent New York Senator Joe Addabbo said that mobile sports bets in his state are “imminent”, and may even be available for some playoff games. So, the era of betting on sports in the Empire State, with all the lofty expectations that brings, looks to be a “go” for…

The State Gaming Commission has finally approved the rules for New York mobile betting. And according to one State Senator, bets could be taken as soon as the middle of next month. However, before any bets can be placed, there is an important process to be worked out. That is, the location of the servers which will accept the bets, which must be placed within one of the licensed land-based casinos. State Senator Joseph Addabbo had high praise for the Commission, as the hope had been to accept bets in time for the Super Bowl in February. From all indications,…

We all know that there will be a ridiculously high tax on New York mobile betting. And now, the CEO of DraftKings, Jason Robins, has made an interesting statement. While speaking at the Canaccord Genuity 2021 Digital Gaming Summit, Robins said he believes the 51% tax rate will not be a problem for the company. And we think we know why, as he plainly said that players who bet for profit are “not the kind of players” DraftKings wants. Now, let’s think about that statement for a moment. What Robins seems to be saying is that the exorbitant tax rate…

Although betting on sporting events is now legal within its borders, the Gaming Control Board has announced that Louisiana online sports betting is not quite ready for the public. The state approved and legalized sports wagers back in June, and land based sports betting launched earlier this month. Despite this, however, the regulation of gambling over the internet has caused additional issues. And now the state police are involved. Law enforcement is still in the process of trying to verify web-based sports book partners so that Louisiana online sports betting licenses can be issued. State Gaming Control Board Chairman Ronnie…

It’s been a long time coming. Now, the list of mobile sports betting operators for New York has been released, and it says a lot about the state legislature there. The two bidding parties revealed are one from FanDuel and another from Kambi. That does not mean these are the only two operators, though. The bid from FanDuel includes additional operators such as DraftKings, Bally’s, and BetMGM. The bid from Kambi includes PointsBet, Caesars, WynnBET, Resorts World, and Rush Street Interactive. Noticeably missing from the list of approved operators are bet365, FOX Bet, and Barstool sports. Why would these reputable…