Over the years, online betting has become an increasingly popular pastime. As digital gadgets like smartphones and tablets become a more integral part of our daily lives, others turn to online sportsbooks to place bets on their favorite sport.
On top of online sportsbooks, online casinos have also become a popular pastime. Leading online poker provider Americas Cardroom operates globally and provides a workaround for players in the state, offering security, reliability, and smooth banking.
Sportsbooks And Online Poker In New York
Most recently, Assemblywoman Carrie Woerner’s newly introduced A6013 bill paved the way for more sportsbooks in New York. The bill would allow and require more sportsbooks to enter the Empire State, and would significantly reduce the tax on sports betting as the market grows.
Meanwhile, while there are currently no state-licensed online poker operators in the Empire State, Americas Cardroom makes it easier for people looking to play online poker in New York. The site has become a popular and well-established choice thanks to its flexible payment options, including cryptocurrency and e-wallets, as well as access to high-stakes online poker tournaments.
Americas Cardroom also has an online sportsbook offering, which can be accessed using both the site’s desktop and mobile clients. Currently, the site offers a variety of sports for players to bet on, including football, soccer, basketball, hockey, baseball, tennis, golf, and esports. There is also a live or in-game betting feature on almost all sporting events covered.
Online Sports Betting In New York
At the moment, New York regulations allow nine licensed sportsbooks to operate in the state, with revenue taxed at 51% — the highest nationwide. The new bill proposes allowing seven more licensees, bringing the total to 16. The state would be required to host 14 online sportsbooks by January 2026, and that total would need to increase to 16 by 2027.
Aside from making way for more sportsbooks to operate legally in New York, the bill also suggests reducing the tax down to 50%, and eventually reducing it down to 35% once there are 13 or 14 operators. At 15 or 16 sportsbooks, the bill proposes a tax cut as low as 25%.
In 2024, the state’s licensed sportsbooks reported over $2 billion in revenue. This includes well-known operators like FanDuel, DraftKings, Caesars, BetMGM, Fanatics, and the most recently included ESPN Bet. The list also includes BetRivers, Bally Bet, and Resorts World Bet.
Sportsbooks And Casino Regulations
Today, New York is considered the country’s top state for sports betting. Recently, state assemblyman Robert Carroll introduced a bill that would limit wagering to $5,000 daily per person. The new bill would also incorporate limits on sports betting advertising, including a prohibition on promoting odds, boosts, and bonuses.
In terms of general US sports betting opponents of the proposed bill suggest that the new drastic measures would push bettors to other locales in the New York City area, such as New Jersey and Connecticut. Coincidentally, New Jersey’s first move in legalizing sports betting was what helped motivate New York to follow suit in 2022.
Because of these regulatory concerns, many bettors are also turning towards online sportsbooks. The New York Gaming Commission reported that online sportsbooks generated $161.8 million in revenue in April. Known names like DraftKings remain in the lead, followed by operators like FanDuel, Fanatics, BetMGM, and Caesars Sportsbook.
When it comes to casinos, the state of New York currently hosts four commercial casino facilities. This includes offerings like live dealers, table games, slot machines, poker, and other games. Currently, the state’s existing casino operators continue to advocate for policies that support industry growth, while still prioritizing responsible gambling. In terms of online poker, the state is yet to legalize operators, although players are free to game on out-of-state platforms, such as Americas Cardroom.
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