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Sports BettingJanuary 16, 2022·1 min read
New York Launches Online Sports Betting: What You Need to Know
Online sports betting officially launched in New York state on January 8th. Caesars, DraftKings, FanDuel and Rush Street Interactive have all received approval from the New York State Gaming Commission to operate within the state.
A gambling intelligence service projected that by the end of 2022, New York could generate almost $700 million in revenue from online sports betting. By 2025, the annual revenue for New York from online sports betting could scale to $1.1 billion.
Sen. Joseph Addabbo Jr. said that New Yorkers who currently gamble in New Jersey and Connecticut should consider using the New York product instead. Rush Street Interactive CEO Richard Schwartz said the legalization of online sports betting in New York is timely due to the NFL playoffs and other sports seasons. Chris Holdren, Caesars Digital co-president, expressed gratitude for the opportunity to bring Caesars to New York.
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