New York State approved mobile sports betting last spring, but implementation remains in the works.
Back in April, the New York legislature passed mobile sports betting as part of the $212 billion state budget.
“The law allows the state to directly operate mobile sports betting. So, the $500 million expected each year will go to the state,” former Governor Andrew Cuomo said in April.
That money will go to education, youth sports and fighting gambling addiction, according to NEWS10.
In July, the New York State Gaming Commission put out a “request for applications” for mobile sports wagering providers. In a statement a spokesperson for the Gaming Commission said today that “review of applications continues.”
The commission needs to choose at least two platform providers and four operators. Some of the names tossed around include DraftKings, bet365, and BetMGM. Before December 6, the Commission will select applicants for a license. Those applicants will then be given time to amend their paperwork if needed before licenses are awarded.
There is a $25 million fee for platform providers awarded a license.
