The Week In Sports Betting News: Will New York Q&A Release On Time?

Posted on July 19, 2021 - Last Updated on July 22, 2021
sports betting news
Posted By on July 19, 2021
Last Updated on July 22, 2021

Happy Monday, everyone. Sports betting news is as hot as the weather outside with plenty going on in multiple states preparing for fall launches.

The LSR Podcast touched on some of those topics, including the LSR report that Genius Sports is significantly raising prices after winning the NFL data deal.

Stay up-to-date with breaking news by following @LSPReport on Twitter.

Biggest upcoming sports betting news: New York Q&A due

It’s safe to say much of the sports betting world will have eyes on the mobile NY sports betting RFA process until the winners are announced, and this week is no different.

The New York State Gaming Commission is scheduled to release answers to the first round of questions from hopeful New York sportsbook operators on Thursday. Deadlines have not meant much in New York this year, though. First, the budget that authorized mobile betting was late, as was the release of the RFA details.

Those answers are the next step in a process that could carry into January. It likely will not be until the winners are picked that we find out key bid details, like how much revenue operators are really willing to share with the state. Brandt Iden of Sportradar suggested those revenue shares could get as high as 60%.

Meanwhile, New York’s next door neighbor Connecticut is working much faster to get its mobile betting market off the ground.

Mohegan Digital CEO Rich Roberts told LSR the company will market its FanDuel Sportsbook-powered online CT sportsbook to nearby states that are dragging their feet on mobile betting, including New York and Massachusetts.

Will PA numbers follow New Jersey’s steps?

Pennsylvania should report its June sports betting numbers this week, and mimicking New Jersey’s recent results would be a positive for the state.

New Jersey saw handle drop 6% from May to $767 million, but sportsbooks should be happy with the results. Heavy parlay betting led to a 9.3% hold, which translated to $71.3 million in sports betting revenue. That was a 35% increase over May.

Pennsylvania sportsbooks have seen handle drop the past two months after taking $560.3 million in bets during March.

Catch up on last week’s sports betting news

Here’s a rundown of some important stories from last week:

Press release roundup

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Matthew Waters

Matthew Waters is a reporter covering legal sports betting and the gambling industry. Previous stops include Fantini Research and various freelance jobs covering professional and amateur sports in Delaware and the Philadelphia area.

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