Australian-based PointsBet went live late Monday night in the busy field of mobile New York sports betting operators.
Points Bet New York was given the go-ahead from the New York State Gaming Commission and joins Caesars Sportsbook New York, DraftKings New York, FanDuel New York and BetRivers New York, which all started on Jan. 8. BetMGM started Jan. 17.
The first bet was placed at PointsBet New York at 10:09 p.m. Monday, according to a news release from the company.
"Launching in New York is a significant milestone for PointsBet, being one of nine approved online sports betting operators in the state,” Johnny Aitken, PointsBet USA CEO, said in the release. “New York’s passionate sports fans and bettors will now have access to the fastest online sports betting product in market, with a live, in-game betting experience that PointsBet controls through our proprietary technology and world-class team.”
WynnBET New York, Resorts World New York and Bally Bet New York are expected to begin operations at a later date.
Expect NY Offer
PointsBet is known to offer some of the top promos in sports betting and that is expected in New York.
More than likely, it will be an offer similar to what has been seen in other markets. You receive two risk-free bets of up to $2,000 when you register for an account. Often it is one worth up to $1,500 and another up to $500.
For the latest New York sports betting promos codes for all operators, be sure to check out NewYorkBets.com.
PointsBet operates at this time in Colorado, Illinois, Indiana, Iowa, New Jersey, Virginia (started on Dec. 15) and West Virginia.
Last week, PointsBet received sports wagering and interactive gaming operator licenses for online sports betting and online casino products in Pennsylvania. The company soon will be operating in Virginia as well.
Crown Jewel for Sports Betting Apps?
New York has been described as the crown jewel for the mobile sports betting business.
That’s because New York (19.3 million residents) is now the state with the largest population to have mobile betting to date. The state with the highest population, California (39.6 million), and second-most, Texas (29.7 million), do not have sports betting. That probably will remain true until 2023 at the earliest. No. 3 Florida had limited sports betting in 2021 with one sportsbook run by the Seminole Tribe (Hard Rock Sportsbook). But the courts stopped that in December.
Now we have real facts that back up why those in the know were bullish on New York.
In the first nine days of mobile betting (Jan. 8-16), Caesars New York, Draft Kings New York, FanDuel New York and BetRivers New York reported a combined $603 million in handle. A truly gigantic figure.
Also, GeoComply, a geolocation company based in Vancouver that supplies metrics to the gaming industry, reported last week on the first two weekends of mobile sports betting.
Since Jan. 8, more than 1.2 million sports betting accounts have been created over those five mobile platforms.
Approximately 878,000 unique users (of the 1.2 million overall) were detected by GeoComply in New York. For the same period, that is more than the combined total of Pennsylvania and New Jersey.
Of those who signed up, 770,840 (87.8% percent) are considered new players to regulated online sports betting as location data indicates those players have not been seen before in GeoComply’s systems.
Points Bet, Others Get Approval
On Nov. 8, Points Bet was one of nine operators selected by the New York State Gaming Commission (NYSGC) to receive a mobile sports betting license.
Again, the other eight licensed mobile betting operators are: Caesars Sportsbook New York, FanDuel New York, DraftKings New York, Rush Street International (parent company of Bet Rivers New York), BetMGM New York, WynnBET New York, Bally Bet New York and Resorts World New York.
Recently, PointsBet gained access to the Maryland market through an agreement with Riverboat on the Potomac, a licensed satellite simulcast facility for horseracing and minority-owned small business located in Charles County, Md.