New York News

Cohen recently won the support of New York City Council member Francisco Moya, another important figure in the pursuit of the license. Although there’s no guarantee his proposal would even be selected by state regulators, a failure to secure Ramos’ support would eliminate all realistic hope.

March Madness earned its name through, well, the complete opposite of normality. While it’s normal for New York sports betting to produce eye-watering totals, the New York Gaming Commission (NYGC) reported a mammoth $539.6 million in total wagers on the week that ended on March 24. 

The race for one of the three available licenses first discussed in 2022 has turned into a marathon. The NYSGC and Gaming Facility Location Board have only answered one set of questions from potential bidders, and officials are getting impatient.

The New York Senate did not include iGaming in its budget proposal released on Monday evening. Sen. Joseph P. Addabbo Jr. (D-15) raised a proposal to legalize it earlier in the year, though he also said it would not progress if it wasn’t included in the budget.

PENN announced Tuesday that it acquired the sports betting operator’s license awarded to WynnBET in 2021 for $25 million. The deal means that WynnBET can no longer offer betting odds and services in New York, while ESPN Bet now has access to its 18th state in its first six months of operation.

Mayor Eric Adams’ office showed support for a new measure that would allow casino-build projects to commence without falling victim to the land-use review, which has spelled the end of many previous proposals. However, Manhattan Community Board 6 voted Wednesday 39-1 against the idea.

The New York State Gaming Commission revealed in its final report for 2023 that the state generated more than $1.69 billion in gross gaming revenue (GGR) from more than $19 billion in sports bets which resulted in $861 million in tax funding for the state.

According to The Guardian, FanDuel, one of the largest online sportsbooks in America, lobbied in New York against a ban on verbiage that would attract those with or at risk of developing a gambling addiction. It also did not support a ban on sports betting advertisements near college campuses.

Rob, the bettor who created the parlay, played it three times with a total stake of $9,087.32 and the chance to win $318,056.20. The corrected odds of +100 would have won him the same amount as his stake.

The $2.01 billion figure presented a 30.5% year-to-year increase on the $1.54 billion total reported during October 2022. It was also 14.2% larger than the September betting handle and also set a record for gross gaming revenue during a single month.