It was announced this week that Governor Andrew Cuomo approved legislation that will allow for online sports betting in the State of New York — starting just in time for the Super Bowl in 2022.
Cuomo signed the bill as part of the 2022 New York State fiscal plan, and New York State Senator Joseph Abbaddo Jr. believes that the first online bets to be placed will be on February 13, 2022, which is the same day as the Super Bowl. New York will become the fifteenth state to allow for some form of online gambling to take place.
Following the 2018 decision made by the Supreme Court to repeal the nationwide ban on sports betting, New York quickly saw casinos pop up across the state throughout 2019. These casinos were safe havens for sports bettors that had been forced to place bets illegally.
With this new legislation, all New York residents will have the ability to place legitimate bets through whichever platform providers win bids with New York State.
Gov. Cuomo ends briefing by predicting "Bills win, bet on it." The governor proposed legislation to legalize online… https://t.co/0ysl67un7A— News 8 WROC (@News 8 WROC)1610139272.0
New York officials will begin accepting bids from platform providers such as FanDuel by no later than July 1 of this year. New York will be allowed to accept bids from two platform providers to operate in the state. Providers that win bids will pay a one-time fee of $25 million for the right to facilitate sports betting in the state and must also be physically housed in a New York casino.
There will be a recurring $5 million fee associated with operating their mobile betting servers at each casino. A maximum tax rate of 13% has been set for the providers, which would yield a massive boost to the state's tax revenue.
In 2020, online sports betting generated over $200 million in tax revenue for states that allow it. It's estimated that over $20 billion was spent on betting in the U.S. last year, and that's just accounting for legal bets placed.
Governor Cuomo leans toward the New York State Lottery running the online sports betting operation, as it's done in many other states where online gambling is legal; however, many lawmakers opposed this structure and favor allowing private entities to be making bids. Opponents to the state running the online sportsbook argue that it would allow for the state to essentially have a monopoly over the industry and discourage open competition from entering the arena.
Not everyone is pleased with this news, however, as New Jersey is set to take a big hit once online gambling is legal in New York. Currently, many New Yorkers place bets in their neighboring state, as it's been a legal activity there since 2012. Since that time, New Jersey has grown to become the largest sports betting market in America, due in part to the overflow of New Yorkers placing bets just by crossing the Hudson River.
Governor Andrew Cuomo wants to establish sports gambling so he can tax it to reduce the huge budget deficit. Projec… https://t.co/mJAqcXoauG— Ralph Nader (@Ralph Nader)1610388318.0
As more professional sports embrace gambling and betting, it's to be expected that more states will join New York by legalizing online sports books. As states are finalizing budgets for 2022, many will be faced with how to make up for unexpected losses as a result of the ongoing Covid-19 pandemic. Legalization of cannabis and sports betting have long been controversial topics of debate, but as unemployment and social services have drained a lot of states' resources over the past 15 month they both may be states' saving graces.
One of my favorite pastimes is going to the casino with a few friends and simply letting the night play out! The night wasn't really about making money (of course, that was nice too), it was more about just sitting back and having fun.
There's just a certain kind of vibe you get from hanging out at a casino. The drinks, the games, the people—everything always feels fresh and exciting. And when you actually win big, the feeling is incomparable. But nowadays, I'm stuck at home with no alternative.
Me and the boys tried a few video chat poker nights, but the energy just wasn't there. Not to mention we were really starting to get tired of playing card games when we'd literally have to hold the cards up the screen.
After another unsuccessful night, one of my friends recommended that we try a few other games. Mobile games, computer games, it didn't matter. If we were going to keep this up we were going to have to shake things up and after a lengthy debate, our friend Kieth mentioned FanDuel Casino.
I've heard of FanDuel before, but I thought that it was just for sports. Kieth's always been into that sort of thing and he told us that FanDuel also offered a Casino app that allows you to play anywhere right from your phone!
Of course, I knew that online casinos existed, but I always thought that they were a scam. Well, with FanDuel Casino that couldn't be further from the truth. FanDuel Casino is regulated by the DGE in NJ, PGCB in PA, and the MGCB in MI so you can always play with confidence. Not to mention, you can withdraw your winnings in as little as 24 hours! No hassle, just simple unadulterated fun.
Still, none of this really matters unless FanDuel Casino is actually fun to play, and man, it does not disappoint. You can play all of your favorite table games including blackjack, American roulette, and video poker, or can try something brand new! If cards aren't really your speed, then you can try your luck on the slots with iconic games like Triple Red Hots 7s and Wheel of Fortune Triple Extreme Spin.
The best part was that FanDuel Casino allowed us to play our first 24 hours risk-free by giving us up to $200 so we knew that we could try it out and have nothing to lose. After only a few hours of poker, we were hooked and the next thing we knew, our bi-weekly virtual hangouts were turning into weekly hangouts.
Here's the funny part, though. Things are really starting to heat up. With all of the extra time we've had practicing blackjack and video poker at home, we've all gotten a lot better. Half of us are even playing in our free time and just last night, our friend Mike won real big at our final Video Poker game. Even though we weren't there in person, the adrenaline rush was stronger than ever.
Thanks to FanDuel Casino, you can finally re-create the rush of being in a casino with absolute confidence. With incredible bonuses, real people and dealers, and friends and drinks to go-around, it's one of the best ways to kill time and even make a hefty buck while doing so.
Finally, we've got good news and better news.
MLB Opening Day is almost here and FanDuel Sportsbook has the most incredible offer.
We've all been counting down the days until America's favorite pastime is back; April 1st is the beginning of a season where anything can happen.
To prepare for this you need to download FanDuel Sportsbook for their offer: Risk-Free Same Game Parlay. You can place a pre-game 3+ leg same game parlay on any eligible MLB game; if you lose, you'll get a refund in site credit. Anytime from March 25th to October 3rd, you've got a chance to try it out.
FanDuel Sportsbook is fantastic at breaking down tricky concepts, so here's the term explained:
"You can combine multiple bets from one matchup or team into a single parlay to go for an even bigger win."
That means that if you know in your heart of hearts that your team is going to win their next game, you can "bet on them to win, the total to go over, and their star player to hit a home run — all in one parlay." If every leg hits, you'll win more than the sum of your bets. If you miss one leg, you'll lose the parlay.
If you're still a little rusty, they've got full tutorials.
You can download FanDuel Sportsbook on your computer or directly from the app in the store. All you have to do is enter your information and link up your card. The great thing about FanDuel Sportsbook is you can securely cash out at any time, with no minimum amount of set number of withdrawals.
The app layout is super easy to navigate, even if you're a total beginner. They also have football, hockey, basketball, golf, MMA, darts, and any other sport you can think of.
It's super fun and with 162 games, you've got 162 shots. So, play ball!
Our favorite sports betting app is taking your experience to the next level. That's right, FanDuel Sportsbook has updated their app and given it a completely NEW look and feel.
If you don't know, FanDuel Sportsbook is an online sports betting platform that gets you into the action of your favorite games including Basketball, Football, Baseball, Hockey, MMA, Cricket, Darts, and so much more. But now you get all the fun with added ease and speed.
All you need to do is download the app or register online to start betting. They'll ask for your name, address, and social security number - that's it. And the SSN is just to make sure you're at least 21 years old and you're not a coach or player, keeping the bets fair.
As long-time users, we've loved FanDuel Sportsbook but this new makeover has only made it even more worth it than before. The app is crisp, clean, modern, and most importantly faster than before. If you liked FanDuel Sportsbook before you'll love it now.
New to FanDuel Sportsbook? The app is easier to use than ever before and makes the sports betting experience so smooth. You won't find another app out there that compares to the look, convenience, and experience that FanDuel Sportsbook provides.
Enjoy your favorite sports season with FanDuel Sportsbook and take advantage of this unparalleled app. Connect your wallet to your account easily and cash out with your winnings anytime you want - no waiting period or minimums required. It's the ultimate betting experience right in the palm of your hands.
FanDuel listened to its users to deliver this new and improved must-have app. Whether you're just joining or a die-hard fan, you need to check out FanDuel Sportsbooks' app - trust us, it's totally worth it.