New York Sports Betting Sees BetMGM NY Open for Business with Big Offers

New York Sports Betting Sees BetMGM NY Open for Business with Big Offers
By Lou Monaco

The Empire State welcomed BetMGM New York into the market Monday and with it New York sports betting enthusiasts now have five online sportsbooks to choose from.

BetMGM New York received clearance to go on Friday. It has satisfied the demands of the New York State Gaming Commission and passed all of the statutory demands.

BetMGM NY started putting the word out Friday that it had an offer to first-time new customers of a risk-free bet of up to $1,000. The sportsbook also has an offer of "Bet $10 to Win $200" when you place a bet on a Knicks game. There will be more offers in the near future for sure.

All of the latest New York sports betting promo codes for all operators are constantly updated on NewYorkBets.com.

BetMGM is now in the mobile field and operating with Caesars New York, DraftKings NY, FanDuel New York and BetRivers NY. Those operators have been operating in New York since Jan. 8, when the market first launched.

WynnBET New York, PointsBet New York, Resorts World NY and Bally Bet NY have not been cleared yet but are expected to be live before the Super Bowl on Feb. 13, maybe by the end of January.

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BetMGM, Madison Square Garden in Partnership

BetMGM New York has a multi-year deal with Madison Square Garden as an official sports betting partner of Madison Square Garden arena, the New York Knicks (for NBA betting) and the New York Rangers.

The pact includes courtside and ribbon LED signage, GardenVision features and basket stanchion signage at Knicks games, along with dasherboard signage and Zamboni branding at Rangers games (for NHL bettting).

Also, BetMGM also will be included in social media related to MSG and its customers get special opportunities to participate in premium experiences at Rangers and Knicks home games.


BetMGM App Ready for Download

The BetMGM app can be downloaded in New York on both iOS and Android. It can be found via desktop on the company’s website. The company touts it as being a user-friendly and easy to customize pre-game, in-play, futures and parlay wagers.

Adam Greenblat, the CEO of BetMGM, expressed excitement and assured the operator would meet the challenge of a Monday start in New York when he spoke Friday in a news release.

“We’ll now be able to fully activate our relationships with MGM Resorts’ Empire City Casino and Madison Square Garden. We look forward to offering customers in New York unique experiences that they can’t access on any other platform,” Greenblat said. “A huge thank you to the New York Gaming Commission as well as to our entire BetMGM team who have worked tirelessly to bring this to fruition.”


Historic Start for NY Sports Betting

By all accounts, BetMGM New York is joining a market that has put up historic numbers since its launch.

There were 5.8 million transactions recorded Saturday in New York on launch day. For the opening weekend, 17.2 million bets were processed, including more than 8 million from New York City’s five boroughs, according to GeoComply, the geolocation security firm that tracks sports wagers.

It's safe to say that the NY online sports betting numbers since the market launched has dwarfed the retail sports betting numbers from the state. In December, the four retail sportsbooks combined for $21.12 million in total sports handle in December. That was likely surpassed on opening day of the online market.

And the online numbers could see a jump during the first weekend of the NFL Playoffs that included the Buffalo Bills vs. the New England Patriots on Saturday night.

Although it's a later start than the first four sportsbooks in New York, BetMGM NY should be well-positioned to capitalize on the NFL Playoffs and Super Bowl thanks to the huge interest among New York sports bettors.

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Contributors

Lou Monaco has been a columnist for Gaming Today in Las Vegas and has over 30 years sports experience with previous stints at ESPN SportsTicker, Daily Racing Form and Oddschecker.

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