New York May Announce Winning Sportsbook Bids This Week

Written By Mike Mazzeo on November 2, 2021 - Last Updated on January 27, 2022
Winning NY sportsbook bids

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.

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.

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Mike Mazzeo

Mike Mazzeo is the Lead Writer for PlayNY, arriving after covering several of New York's professional sports teams in a variety of roles for the past decade. Previously, he served as a beat writer and columnist covering the Brooklyn Nets (ESPN) and New York Yankees (New York Daily News). Mike also covered both the MLB and NBA nationally for Yahoo Sports. In addition, he served as a general assignment reporter for ESPN NewYork.com. He has also had bylines in the New York Times, New York Post, Newsday, Forbes and The Ringer. With PlayNY, Mike brings extensive coverage and unique story angles to what is projected to be one of the biggest and most lucrative online sports betting markets in the country. It's been an arduous and confounding process to get here, but 20 million New Yorkers (many of them die-hards) are now legally able to bet on their favorite sports teams across the state via online and mobile platforms.

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