New York on Track for Legal Super Bowl Bets
The bill to legalize online sports betting in New York State passed in November 2021. However, no legal online betting has taken place in the state since. Logistical issues have delayed the launch of this brand new market. However, the good news for residents of NY is that it seems things are finally ready for the launch. Bettors and operators are now anticipating a launch in the coming weeks. That’ll be just in time for online sports betting to be live for the Super Bowl.
From the outside, the situation may seem confusing. Why has it taken so long for sports betting to go live when the bill has been passed? Why is it so important that New York legalizes online sports betting now?
BestAppBet keeps on the pulse with all betting news to deliver the best advice to our readers. Below, we break down exactly what’s going on with New York’s online sports betting and what you can expect for your own wagering.
The Situation in New York
Since the bill to legalize online sports betting passed, bettors and operators alike have been desperate for everything to be ready for the official launch of online sports betting. Although online sports betting isn’t yet legal, in-person sports betting has been in the Empire State since 2019.
That hasn’t stopped people flocking to neighboring states like New Jersey to take advantage of wagering on online sportsbooks. New York hopes to bring back those customers and the tax revenue that comes from online sports betting. Initially, there were some worries about the high tax rate of 51% in New York. For comparison, that rate is 13% for sportsbooks in New Jersey. However, plenty of sportsbooks are lined up and ready to start taking bets when online sports betting goes live in NY.
Why has Legalization Taken so Long?
A few issues have complicated the legalization of online sports betting in the Empire State. One of which is the number of sportsbooks that are being welcomed straight away. The potential of nine new sportsbooks opening up is extremely exciting for customers but has become a logistical nightmare. There is a lot of technology involved in setting up one sportsbook in a new place, never mind nine. These things just take time, which means everything has been put on hold.
Because every sportsbook has to launch simultaneously, it also means that New York has to wait for every single sportsbook to be ready. Although we don’t know details about the progress of each company, there is a theoretical situation where eight sportsbooks could be ready to launch. However, they couldn’t because one sportsbook wasn’t prepared.
New York’s particular rules state that each sportsbook must install servers at a land-based casino location within the state. This has added to the complexities of bringing the sportsbook products to the state, which is another reason why everything has been delayed.
There is hope that everything is almost in place. When all the sportsbooks are ready, legalization can be fully realized. Expect the first bets to be taken in New York very soon.
Sportsbooks Coming to New York
Each sportsbook offers customers lots of different opportunities when it comes to betting. You will find variations between each one regarding the odds offered, the markets available, and welcome bonuses. The sportsbooks getting ready for the launch include some of BestApBet’s favorites. These are PointsBet, BetMGM, and DraftKings. Alongside these, there will also be launches for FanDuel, Bally Bet, WynnBET, Caesars, BetRivers, and Resorts World Bet.
The Super Bowl Target
Everybody loves the Super Bowl. But why is the culmination of the NFL season so crucial to sportsbooks? Well, the NFL is the most wagered on sport in the US. Many betting handle records in 2021 were achieved in part thanks to how many people bet on the NFL regular season. This success owes to increasing betting exposure through a more significant commercial presence during NFL games.
The Super Bowl reaches another level of betting. Millions of dollars are spent each year trying to predict which team will come out victorious in this globally popular game. People don’t just enjoy the game, but the halftime show and advertisements. People who aren’t regular bettors are more likely to put a wager on the Super Bowl because of the event’s uniqueness.
All of that explains why New York is so keen to get everything legalized in time for this event. There is a real chance for a huge amount of wagers to be handled in the Empire State on Super Bowl Sunday. The state also wanted to legalize online sports betting in time to capitalize on the NFL postseason. That is looking increasingly unlikely now, but NY bettors will now be eagerly awaiting the Super Bowl.
Legal Betting in the US
While we all wait excitedly for online sports betting in New York, there are plenty of other places in the US where it’s legal to place wagers on sports online. Ever since the US Supreme Court repealed the PASPA in 2018, each state has been able to legalize online sports betting. That means New York will join states like Michigan, Iowa, and more when it goes live.
If you visit one of these states, you can place bets yourself. As long as you’re the legal age required in the state where you are playing, you’re all set. Download a sportsbook app and start placing wagers on the NFL and your other favorite sports!
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