We’ve practically waited for this to happen for a few weeks, but now, it’s finally official. Years of legwork and months of negotiation to implement mobile sports betting in NY are ended after governor Cuomo signed the fiscal 2022 budget.
People have already been complaining as it’s hard to comprehend how the NY mobile sports betting will operate. Even experts are having trouble understanding the whole process, but at least we know a few key points about it.
Casino deals said to be irrelevant in this way
There are two ways that Mobile Sports Betting could function in NY, and both options seem unique in their own way.
- The first option is for the sports betting operator to team up with a casino for a retail and mobile app. This is already the case in places like Michigan, New Jersey, and Illinois. Oregon and New Hampshire are exceptions.
- The second option would require the sports betting operators to make a case why they would be the lone operator in the state.
The majority of people believed that the first option is more logical and that the governor would choose it without thinking. Before deciding, many sports betting operators were trying to make deals with casinos. However, Cuomo chose option number two, and now those deals are irrelevant.
Because of all of this, there will be lots of bidding for a single betting platform in New York, and the deal will still hold weight on the retail side.
How would it work?
Well, Cuomo’s model will require a request of proposals, which will start by the first of July, and it will run for 30 days. The proposal ranking would run for 150 days, but the decision could be made even sooner than that.
The scoring system for criteria doesn’t exist yet, but Addabbo added: “There is the criteria, though, that we have to consider: the criteria of speed to market, the expertise, the business that these providers may have done with other states, the ability to handle volume, the ability to work with New York. So I think these other criteria sort of narrow maybe the scope of these possible bidders.”
“Again, I don’t think, my opinion, I don’t think that New York is looking for the novice provider, one looking to crack into this mobile sports betting industry. I think that’s the right perspective for New York to have, unique to it in the sense that it’s catching up to other states. So they’re not going to want the novice, they’re going to want the top premier provider so that, like I said, day one, we’re operating at hopefully a maximum potential.”
- If you’re interested, you can read our Mobile Sports Betting Guide to play sportsbooks on the go!
- Use one of the bookmakers at Sports Betting Guide to make a new bet right away!
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