Thursday, February 25, 2021

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.


Bookie Pay Per Head Service

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