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New York finally launches sports wagering

The state of New York has finally opened its doors to sports betting. Yesterday saw The Rivers casino and resort launch their sports betting offering from within the complex. The casino, whose parent company are creators of – Rush Street Interactive have joined forces with Kambi to offer a premium sportsbook in-house.

A swanky new area within the casino was unveiled yesterday, boasting big screens, private booths, comfy chairs and of course legal sports wagering opportunities.

Rivers casino floor

Other launches arriving

It seems like the floodgates have opened, with other casinos looking likely to follow suit as quickly as possible. Names such as Tioga Downs and Resorts World Catskills are supposedly gearing up towards imminent launches.

There’s bound to be some small bumps in the road, with the services being brand new. However, it is great to see that the state now offers the facility to legally place wagers across a variety of sports and leagues, such as NFL, NBA etc.

A lot of eyes will be monitoring this new service and from all sorts of angles. The state senate will be looking at tax revenues, the competition will be looking at the whole opportunity and the everyday American will be looking at familiarizing themselves with the whole process. There’s a lot of different terms and bet types to get accustomed to, for example, money line bets, spread betting and prop bets.

Bad news for online sports betting

It’s not all good news though. The state failed to pass senate bill S17 which proposed the launch of mobile wagering to compliment the legalised land based sports betting.

New York no legal online betting

This means there will be no online sports gambling opportunities throughout the state in 2019. New York residents will be required to hop over to New Jersey in order to legally gamble on sports from a cell phone, tablet or laptop.

Slowly does it!

There seems to be an ideology of slowly integrating sports gambling into the community rather than just opening up a free-for-all.

With no online gambling and a limited number of approved land-based operators, it’s looking like taking some time to get fully up to speed. Some see this as a sensible approach, whereas others see it as unnecessary and a huge loss on potential extra tax revenues.

Progress is undoubtedly slow. However, it is being made and we are hopeful there will be a point where sports betting will become a lot more accessible in the years to come. Once the land-based casinos start generating revenues and the full scale of opportunity reveals itself, there’s a likeliness the whole process could snowball.

Here’s hoping for successful launches from those limited casinos currently with approval of providing in-house sports betting services.