Online sports betting in New York are already facing delays

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The New York online sports betting journey has already got off to a bumpy start as the New York Gaming Commission failed to meet its July 1 deadline to publish an RFA (RFA) application for platform provider bids.

The New York Gaming Commission has not yet published an RFA for bids from potential providers of online sports betting platforms. A request for an opinion from the Commission was not returned.

Disappointment in New York online sports betting delay

State Senator Joseph P. Addabbo, Jr. (D-15), who has long been a supporter of online sports betting in the state, expressed disappointment at the missed deadline.

“The fact that our state has not been able to meet its initial mobile sports betting deadline to take a positive step towards recognizing additional education and drug funding is disappointing. I remain confident that in the end New York will have a top-notch, top-notch mobile sports betting product that it can offer its residents and compete effectively in the marketplace, ”Addabbo said in a statement to ESNY.

In early June, Addabbo told ESNY that he was confident the commission could meet the July 1 deadline.

Every step of the state’s online sports betting program has been carefully planned since Governor Andrew Cuomo signed a budget bill in late April. Deadlines have been published for each step of the process by the state’s online sports betting launch.

The deadline for package bids following the release of the RFA has been set for August 1st, but it is unknown if that deadline needs to be postponed now.

It is unknown how the delay affects the introduction of sports betting

Interested companies submitting offers from platform providers include at least four mobile sports providers or skins that can be used by state gamblers.

After receiving the bid packages from the platform provider, the Gambling Commission has 150 days to make a decision.

Addabbo told ESNY in a previous interview that he hopes online sports betting could start in late 2021 and be at full capacity by the Super Bowl 2022. It is unknown how this RFA delay will affect the launch of the state’s online sports betting program.

The New York Gaming Commission will evaluate bid packages and take into account the gross revenue estimates of the potential platform providers, the rate of tax it is willing to pay the state, past experience in the field, a timeline of their potential operations, and willingness to enter into agreements on the Distribution of income with the Indian tribes or nations of the state.

The state minimum tax rate has been set at 13% for platform providers. However, this will likely be driven much higher in the bidding process, as Cuomo said in previous reports that he expects a tax rate of close to 50-55%.



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