New York’s budget bill, which contains provisions for legal mobile sports betting, has been published, revealing a $25m licence fee and the bidding process for potential licensees.
As previously announced by Governor Cuomo’s office when the Governor and legislature came to an agreement on a state budget, the state Gaming Commission will issue a request for proposals to select at least two platform providers to operate sports betting. These two platform providers will receive licences and together offer at least four betting skins.
The Commission’s request for proposals will open no later than 1 July, with winning bids selected no later than 150 days after this.
The Commission will develop a scoring system to determine the best bids. While this system has not yet been created, extra points will be awarded to any operator with a revenue-sharing agreement with one of New York’s Native American tribes.
