Online Gambling in New York

In the latest in the gambling scene in New York, we have a few partnerships forming between casinos and online gambling companies. In their goal of getting an online gambling presence, these online operators need to partner with retail casinos. Much like becoming a bookie online, having an online casino is very profitable.   

Penn National Gaming announced its 20-year partnership with Rivers Casino & Resort in New York recently. Soon after that, Golden Nugget Online Gaming (GNOG) also enters a 20-year partnership with Tioga Downs Race Track. The agreement is for future online casino operations. Currently, New York does not allow for online gambling. This is despite how many online sportsbook pay per head providers and online gaming operators are enjoying large profits from online gaming.   

Online Gambling in New York  

Under the agreement, GNOW will be able to offer online gaming services and will pay Tioga Downs a percentage of its net gaming revenue. Just like Penn National, these partnerships can pave the way of them being the first companies positioned to offer online gambling and online sports betting services in New York. Assuming online gaming and sports betting becomes legal in the state.   

With New York potentially being one of the biggest sports betting markets in the country, these agreements will be profitable in the long term. In fact, online gambling in the state could be a $2 billion per year market when it matures. But as of now, those who bet on sports in New York go to nearby states, or opt for their easy to use pay per head bookie software.

Starting Out in the Sports Betting Industry as a Bookie

Now that you are reading our blog, we assume that you are at the very least, interested in getting into the gambling industry. As a gambling operator, we encourage people to get into the gambling industry, whether as bettors or as bookies- even future operators. With a growing market of gamblers around the world, there is room for those who want to earn steady revenue from gaming. 

Sports betting is one of the biggest and fastest growing gambling markets. Online betting has become so popular, that many people are trying to find the easiest way to open a sportsbook. These options are available to all, since everything is now done online. 

Becoming a Bookie

When you become a bookie, there are a lot of ways you can earn money. The cost is also not as high as you think. Nowadays, you can make use of pay per head services to help you get started with minimal fees. Of course, you will need to learn how pay per head software works, which is actually pretty easy. Here is a quick checklist of what you need to do to start as a bookie:

• Find a good pay per head provider. You can read some sportsbook pay per head reviews to find the best software providers in the market. Get one that has the most features with affordable rates. 
• Invite players to your sportsbook. Of course, you will need to find people to bet on your sportsbook. You can start with any number of players and expand as you go on. Use social media, marketing companies, and other ways to get people to try out your sportsbook. If you are willing, you can even offer promos such as free bets. 
• Stay in the know. The bookie industry changes fast. New developments are being introduced every year and you should know what the latest news is so you can be one of the first to introduce the latest in sports betting technology. 
• Check the Sports News sites. Always check the latest sports news so you can adjust your lines if anything comes up. This will help you minimize risk from those who take advantage of weak lines. It will also help you know how you should be adjusting your lines.