1. Online Sports Betting New Jersey
2. Sports Betting New York

When it comes to sports betting laws, the situation in New York is uniquely complex. Although sports betting in New York is technically legal as law passed in 2013 decreed, federal law has prevented it from being properly realized. However, as of May 2019, lawmakers have taken big strides in moving forward with legislation to allow for a wider. The New York sports betting language, as passed by the Senate last year, asserts that each agent authorized to conduct sports wagering pay a one-time fee of $12 million. With one set of skins, that is $84 million.

Not only is New Jersey the new No. 1 state in the nation for sports betting handle, it’s covering a big spread of $1.7 billion over the runner-up Nevada. Jan 29, 2021 Not only is New Jersey the new No. 1 state in the nation for sports betting handle, it’s covering a big spread of $1.7 billion over the runner-up Nevada. Crucial Quote: “At a time when New York faces a historic budget deficit due to the Covid-19 pandemic, the current online sports wagering structure incentivizes a large segment of New York.

Expectations are rising that talk of online sports betting in a New York revenue bill is real. However, several gaming companies are seeking to change one issue in the current language that would severely limit revenue potential for the state.

Language being circulated for consideration in the Senate restricts casinos to one mobile sports wagering platform and brand.

With four commercial casinos and three tribes operating casinos in the state, a single skin would lock some major players out of the New York online sports betting market.

Current bill limits the New York sports betting market

“PointsBet and other major brands in the space would be blocked from offering innovative mobile products in New York as the language of the bill currently sits,” said Paul Hannon, vice president of strategy and retail at PointsBet USA.

“Allowing only a single skin is going to shape the market in an unfavorable way. Putting an artificial ceiling on the market’s revenue and tax potential and its upside is only doing one thing, rewarding the special interests that to date have been the most active on the lobbying front.”

Last month, Assembly sponsor Gary PretlowtoldPlayNY that he had a commitment from Assembly leadership to include online sports betting in the revenue bill.

New York lawmakers expected to be working on the revenue bill now. They are waiting to first see how much, if any, federal money the state gets in a coronavirus stimulus bill.

Congress will return to session next week to once again take up discussions on the legislation.

All potential New York online sports betting skins already filled

The problem for PointsBet and other online bookmakers interested in joining the New York market is that, under the current language, the state starts with seven skins. And, due to existing partnerships, none of the seven slots would be open.

Here’s a list of the casinos and tribes in New York, along with their expected mobile wagering partners:

• Tioga Downs – FanDuel Sportsbook
• del Lago – DraftKings Sportsbook
• Rivers – Rush Street Interactive (in-house)
• Resorts World Catskills – bet365
• Mohawk – FOX Bet
• Oneida – Caesars Entertainment/William Hill
• Seneca – In-house

The language would exclude Penn National Gaming from the New York market as well. The company currently has properties in eight states with legal sports betting.

With its Barstool Sports-branded app, Penn is projected to have a top-three market share of US online sports betting.

“We want to be in every market across the country,” said Jeff Morris, vice president of public affairs at Penn National. “With Barstool being headquartered there, it’s particularly important to us to be part of New York. The Senate bill as currently written would make that difficult.”

PointsBet, which recently signed a huge deal with NBC Sports, has a partnership with Tioga Downs and would get its second skin if permitted.

How seven skins stacks up with other states

In states with a casino presence, New Jersey and Indiana lead in competitive environments by allowing up to three skins per licensee for a total of 42 skins.

Colorado and Iowa also permit three skins each, capping out at 33 skins.

There are some states that limit casinos to a single online brand, including Pennsylvania and Michigan. But they still total 13 and 15 skins, respectively. New York would have seven.

Once three potential downstate casino licenses are fulfilled, the state could peak at 10 skins.

“This single skin schema would represent the least available skins per capita for mobile sports wagering among developed commercial gaming states in the country,” Hannon said. “And it is New York, the supposed bedrock of capitalism.”

How much money could New York be leaving on the table?

The New York sports betting language, as passed by the Senate last year, asserts that each agent authorized to conduct sports wagering pay a one-time fee of $12 million.

With one set of skins, that is $84 million. A second set of skins adds another $84 million, and a third set would generate an additional $168 million for the state.

PointsBet estimates three skins per casino would more than double the estimated market size from $550 million to $1.25 billion. And the increased revenue raises the state’s take from $66 million to around $150 million.

With license fees and taxes combined, New York could miss out onmore than a quarter billion dollars by limiting the market to a single skin.

“New York would be leaving a lot of money on the table if it keeps the online sports betting model to a single skin,” Morris said. “It’s clear that additional skins drive increased revenue and would exponentially increase revenue for New York at a time when it’s sorely needed.”

New York faces a massive budget deficit as a result of the economic effects of the coronavirus, and casinos are trying to recover from months of closure. The revenue from additional skins could make a big difference.

Hannon said:

“For a state that needs an influx of working capital for essential services to get to a post-COVID world, the money available from multiple skins is not immaterial. It’s not only the state that realizes those upfront licensing fees but the struggling casinos through commercialized skin agreements. As casinos in dire need of money look for a long-term tax break, there’s an influx of cash just sitting there related to sports betting skins.”

What is the right number of skins for NY?

Hannon said PointsBet believes a state of New York’s size should have at least 15 to 20 skins available.

“If 15 to 20 skins are deployed in any state and it whittles down to the seven or 10 best players where only the strong survive, that’s a healthy and vibrant market where the sustainability is strong and the revenue potential is maximized over time.”

Morris thinks New York should follow the successful model of its neighbor and match the three skins in New Jersey. The Garden State has filled 19 slots with a population less than half that of New York.

“The interest to participate in the New York market would be very high. Three skins would be a good starting point, and I think those 21 licenses would go very quickly. It’s such a big market that it would be a shame if it were limited.”

Why limit online sports betting to a single skin?

No one benefits from capping the New York online sports betting market other than companies that can limit their competition.

A study on the multiple-skin model done last year by Eilers & Krejcik Gaming for IDEA Growth listed key reasons states should consider the model:

• Larger market size
• Increased tax and license fee revenue
• Competition and competitive balance

The report noted that the increased competition invoked by multiple brands “can create benefits for consumers including better product variety and quality, and better product prices and promotions.”

Hannon added:

“It’s going to put a cap on the market because there’s not a whole lot of competition. Having New York owned by two or three nationally known brands doesn’t provide purchasing power, and maybe even some predatory pricing strategies take hold with a lot of business staying offshore as a result. There is limited incentive for the few companies granted this valuable access to continue to invest over time once market share dominance is secured.”

What do New York lawmakers think?

Pretlow told PlayNY that he is urging his colleagues to increase the permitted skins to two per casino and tribe.

Sen. Joseph Addabbo Jr. has kept his bill at one skin thus far, but said he’ll find out more after speaking to Senate leadership.

“Mobile sports betting in New York is still a moldable clay piece that can be shaped in many ways at this point,” Addabbo said.

Pretlow and Addabbo chair the gaming committees in the New York legislature. They have regularly talked about the need for New York to maximize revenue on sports betting like New Jersey.

“It would be a significant outlier if New York stays at one or even two skins compared to other states,” Morris said. “We’ll continue to educate folks and hope that, at the end of the day, they choose to have a competitive market.”

Mobile sports betting is now live in New Hampshire with DraftKings being the first, and only, sports betting app to launch in December 2019.

New Hampshire has officially legalized sports betting in July 2019.

Governor Chris Sununu has signed the sports betting bill into law after members of the New Hampshire House have voted on the approval of the legislation of the H 480 bill. Several amendments were made to the original bill, which included allowing multiple operators – mobile operators are capped at 5 and land-based operators at 10. NH Sports betting will be regulated by the New Hampshire Lottery Commission.

This allowed a number of sports bookies and betting operators to conduct business in the state, however, DraftKings has been chosen as its sole retail and mobile sports betting operator. Below we’ll go over some good things in our sports betting guide for you to know about all the latest developments to create legal sports betting in New Hampshire.

Photo by Craig Michaud. This is MerchantsAuto.com Stadium in Manchester, New Hampshire. Home of the New Hampshire Fisher cats.

DraftKings now offers mobile and retail sports betting in New Hampshire

After sports betting was legalized in July 2019, the NH State Lottery invited operators to place bids on what they could potentially offer in terms of land-based, mobile and lottery betting.

DraftKings has been selected by the State Lottery to be the sole sports betting (retail and mobile) operator in the state. The Lottery Commission had the possibility of choosing up to 5 operators, but decided to go with DraftKings only after the company offered to pay them 51% of the revenue if it was chosen as the sole operating agent. Intralot was chosen to provide a parlay style lottery product.

The Boston-based company is already well-known for Fantasy Sports across the US, but has recently moved into sports betting with online and mobile platforms available in NJ, PA, WV and IA. From December 2019, the DraftKings sports betting app is also available for download in the Granite State.

The contract with the NH State lottery requires DraftKings top open at least 4 retail sports betting locations and could include up to 10. Six different cities have approved venues for retail sportsbooks, which should see the day sometime in 2020.

NH Legal Sports Betting Overview

Until now, NH online sports betting was mostly illegal in the state of New Hampshire with the exception of New Hampshire Online Horse Betting and fantasy sports. However, the H 480 bill regulating sports betting has been signed by the governor making sports betting legal in the Granite State.

The house sponsor of the bill, Rep. Timothy Lang, a Republican, had asked the Senate Committee on Ways and Means to make two amendments to the bill that was originally passed by this chamber. The first of the two amendments that Rep. Lang asked for was to remove a cap on land-based casinos and sports bookies (currently set at 10). Secondly, he asked for it to be prohibited for in-game betting to be available at retail locations. In the end, the bill passed with the following conditions: mobile sports betting operators are capped at 5, while retail sportsbooks are capped at 10. This is less than what was expected, but already a good start.

The NH Lottery will create a Division of Sports Wagering and become the regulator of sports betting in the state. The legal gambling age in the state will be of 18 or older. Similarly to other states that have legalized sports betting, wagering on NH collegiate teams and collegiate games taking place in the state will be prohibited.

The sportsbook will have to negotiate their own terms with the New Hampshire Lottery. Remote registrations and online in-play betting will be permitted.

Now, it is only a matter of time before the first sportsbooks launch in the state. The launches are planned in time for the Superbowl, but let’s hope there will be some updated beforehand.

You can also read more about NH Casinos and what type of gambling is currently available.

NH Online Sportsbooks

So now that the bill for legal NH Online Sportsbooks is signed, which of the best online sports betting apps are likely to start operating? It is likely that some of the biggest names in legal online sports betting will come to New Hampshire with up to 10 operators expected to create online sports betting apps. For now there are just a couple that are available for horse race betting. Let’s go over a few of those.

TVG

The sports operator TVG is one of the best for placing bets on horse racing around. They have been in New Hampshire for a while (where horse race gambling has been legal since 1978), and currently offer new users a $20 free play welcome bonus, as well as offering a 100% match on initial bids up to $100.

BetAmerica

BetAmerica is another one of the NH online sportsbooks that currently allow legal online betting for horse racing. They offer iOS and Android Apps, live streaming and handicapping tools.

TwinSpires

Lastly, one of the lesser-known, but still very popular betting operators for legal sports betting in New Hampshire is TwinSpires. As with BetAmerica and TVG, TwinSpires only has horse racing available for legal online betting at this moment in time.

NH Online Sports Betting Apps

Although the State Lottery had the possibility of choosing up to 5 operators to offer sports betting apps in the state, they have decided to only pick one: DraftKings.

Luckily, DraftKings is an industry leader and already offers a great product in other states where online and mobile sports betting is legal. Therefore, we can expect a quality sports betting app with a good interface, market coverage, betting lines and live options.

DraftKings Sportsbook App

The Draftkings App launched in New Hampshire in December 2019. Governor Chris Sununu placed his first bet with the app – $82 on the Patriots winning the Superbowl.

Now, anyone over the age of 21 within the limits of the state can download the DraftKings app, create an account and start betting on their favorite sports.

NH Online Fantasy Sports Betting

At present, there are a couple of operators that provide users with online fantasy sports betting in New Hampshire. Fantasy sports betting has been allowed in New Hampshire since 2017, after the HB 580 law was signed and put into place. This law allowed major daily fantasy sites already in operation the legal clarity and a level of consumer safety and security that did not exist when they were unregulated. In order to bet on fantasy sports in New Hampshire, you have to be at least 18 years of age. Let’s take a quick look at a couple of fantasy betting operators that are currently legal and in operation in New Hampshire:

Monkey Knife Fight

This is one of the latest operators to join the Daily Fantasy scene. Monkey Knife Fight offers a range of prop games, based on players’ statistics. Currently, you can claim a $50 site credit bonus with the Monkey Knife Fight Promo Code.

Online Sports Betting New Jersey

FanDuel

FanDuel is one of the most popular platforms for people looking for the best online sports betting apps. At present, they are offering new users who create and register an account up to 4 free entries into fantasy sports contests. FanDuel offers users the opportunity to bet on a variety of fantasy sports including basketball, football, soccer, and more!

DraftKings

Another popular platform is DraftKings. They are currently offering new users who sign up and activate an account 1 free contest entry. Similar to FanDuel, you can also bet on a number of different fantasy sports through DraftKings online sports betting platform. Sign up and take advantage of this great welcome offer today!

Online Sports Betting in Other States:

Sports Betting New York