The New York State Gambling Commission recently recommend three companies to operate an online sports book online.
-Pointsbet
-Caesar
-Rush street
Apparently the CEO's are extremely happy about the recommendation made since this shows that they are not only doing a good job but they are also considered to provide exceptional services online.
They are waiting for the official opportunity to leverage sports betting and to have a healthy relationship with NBC as well in lieu of a partnership.
Caesars are currently operating in 20 states and 14 of them are online already. Therefore this could give them not only more exposure but they would already be ready for it and would know how to handle it.
Rush street is already well established in other states as well and therefore they are also going to provide amazing services to the new Yorkers.
-They are supposed to launch everything during the first quarter of 2022.
Why is this news so important?
-This news is highlighting the importance of sports betting especially online for the Government regulated bodies, therefore we can look forward for positive impact and more space being provided to the gambling industry in New York.
https://www.gamblinginsider.com/news/13816/operators-react-to-recommendation-to-operate-online-sportsbooks-in-new-york
-Pointsbet
-Caesar
-Rush street
Apparently the CEO's are extremely happy about the recommendation made since this shows that they are not only doing a good job but they are also considered to provide exceptional services online.
They are waiting for the official opportunity to leverage sports betting and to have a healthy relationship with NBC as well in lieu of a partnership.
Caesars are currently operating in 20 states and 14 of them are online already. Therefore this could give them not only more exposure but they would already be ready for it and would know how to handle it.
Quote
In addition to operating numerous retail sportsbooks across the country, Caesars Sportsbook is currently live in 20 states and jurisdictions, 14 of which are mobile. The sportsbook is the official casino sponsor and an official sports betting partner of the NFL and has signed agreements with the NBA, NHL, MLB; and over 20 individual teams across the country while being the exclusive odds provider for ESPN and CBS Sports.
Rush street is already well established in other states as well and therefore they are also going to provide amazing services to the new Yorkers.
-They are supposed to launch everything during the first quarter of 2022.
Why is this news so important?
-This news is highlighting the importance of sports betting especially online for the Government regulated bodies, therefore we can look forward for positive impact and more space being provided to the gambling industry in New York.
https://www.gamblinginsider.com/news/13816/operators-react-to-recommendation-to-operate-online-sportsbooks-in-new-york
Legalized gambling is extremely lucrative wherever it is setup, so those CEO's will be extremely happy to get online gambling licenses in one of the most well known states in the USA. Vegas might start to lose some of it's power as a mecca for gambling in future, so any big casinos there (e.g. Caesars) are definitely battling it out to get these licenses and conquer a new market. Covid would have been a huge hit to physical casinos and probably dropped their earnings to a tiny fraction, so this will give them a lot more stability in future. There has been a lot of buyouts in the UK as well recently where established US companies are taking over bookmakers in jurisdictions that have much more lenient laws.
