What the regulator asks for
Year one cost
$25m sports betting licence
The sports betting licence is a one-time $25 million fee. There is no online casino licence to buy yet; legalisation is debated every year.
Timeline
6-12 months
Expect 6 to 12 months. The New York Gaming Commission works through applications step by step.
Gaming tax
51% mobile sports betting (highest in US). No online casino.
Marketing climate
Restrictive.
The market
New York is a sports betting market only, with the highest mobile sports betting tax in the United States at 51%. There is no online casino yet; the iGaming bill is debated every year but has not passed. The one-time sports betting licence costs $25 million.
How the application runs
You apply to the New York Gaming Commission for sports betting. The high fee and the 51% tax mean only the largest sportsbooks can make the numbers work.
Ongoing compliance
Licensed operators follow NYGC regulations on reporting, player protection and responsible gambling.
What you can and cannot say
Marketing rules are restrictive. Plan for tight limits on promotion and bonus advertising.
The honest read
What it means for your plan
Sports-only at present. The 51% rate has produced FanDuel/DraftKings duopoly economics. Online casino legalisation would change the picture; until then, this is a top-tier sportsbook market only.
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