Gaming Commission Grants Sports Betting License to MGM
Mobile sports betting is coming to Empire City Casino by MGM Resorts! This week the state Gaming Commission said it will grant mobile sports betting licenses to Bet MGM along with Bally Bet, DraftKings Sportsbook, Caesars Sportsbook, PointsBet, Resorts World, Rush Street Interactive, Wynn Interactive and FanDuel Sportsbook.
The commission had a virtual meeting Monday afternoon before confirming the licenses were granted. The gross betting revenue will be taxed at 51 percent, according to LegalSportsReport.com, which first reported the news. FanDuel Sportsbook is the primary applicant for Bally Bet, BetMGM and DraftKings, while Kambi Group submitted applications for the others.
“With the addition of mobile wagering, 15 million New Yorkers will now have access to convenient, safe and legal sports betting in their home state,” said American Gaming Association Senior Vice President Casey Clark in a statement. “Importantly, mobile sports betting allows regulated sportsbooks to better compete and push out the predatory and pervasive illegal market.”
“This week’s decision by the State Gaming Commission is the first step in bringing full-scale gaming to Empire City Casino. Now it’s time to move ahead with a full gaming license which will provide a major boost to Westchester’s economy,” said BCW Executive Vice President and COO John Ravitz.
The Business Council of Westchester has been in the forefront of advocating for a full gaming license for Empire City Casino. Earlier this year, the BCW co-chaired the launch of “A Sure Bet for New York’s Future,” an alliance of more than 30 businesses, community organizations, labor groups, and other local groups who are in support of providing Empire City Casino by MGM Resorts with a full gaming license. It is estimated that a full-scale casino license, complete with retail and mobile sports betting and live table games, will create thousands of new union jobs, while generating millions in additional annual wages and tax revenue that would directly benefit local communities.
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