This is a developing story and will be updated.
The bidding process for online sports betting in New York is close to the finish line.
The state could name the winners as early as this week, an industry source confirmed to PlayNY. The New York Post first reported the latest update.
Industry sources believe that the process could end with nine sports betting operators paying a 51% tax rate. If that is indeed the scenario, it could mean the two “superbids” composed of numerous big sportsbooks were accepted.
- The FanDuel consortium includes FanDuel, DraftKings, BetMGM and Bally’s.
- The Kambi consortium includes Caesars, WynnBet, BetRivers, Rush Street and PointsBet.
Fanatics Sportsbook would be left out of that mix, if the nine-operator superbids were accepted, along with Penn National/Barstool Sportsbook. But Fanatics could potentially find its way into the Empire State if it can pull off a merger or acquisition with PointsBet or Rush Street.
