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Tag: new york sports betting

September 27, 2024

ESPN Bet now live in New York

Penn Entertainment launched ESPN Bet in its biggest market yet on Friday (27 September) when it went live in New York state. The platform is now available in 19 US jurisdictions.
The platform, a partnership between the casino company and ESPN, went live in 17 US jurisdictions in November 2023. Prior to Friday’s New York launch, Pennsylvania was the biggest state in which the platform was live.

The New York launch was later than Penn executives had pointed to, as CEO Jay Snowden said he was hoping for a late August launch during the company’s second-quarter earnings call in early August. But the New York State Gaming Commission (NYSGC) didn’t have a meeting at which to approve the application until 23 September.

Penn was able to get into New York because WynnBet left earlier this year. The state has a cap of nine platforms, and all licences were accounted for at the beginning of the year. But Wynn Resorts has been unwinding its digital betting business and exited New York over the ..

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September 23, 2024

ESPN Bet aiming to launch within days after getting NYSGC licence approval

On Monday (23 September) the New York State Gaming Commission (NYSGC) voted to transfer the Wynn Resorts digital sports betting licence to Penn Entertainment. This means that ESPN Bet could be live in the state by the weekend.
Penn Entertainment and ESPN have been waiting for the vote and the go-ahead to launch. Executives from both companies had previously pointed to a launch by the end of August. But the NYSGC declined to call a special meeting to vote and the last meeting was in June.

The state of New York has a cap of nine digital wagering licences. All nine were accounted for at the beginning of 2024, but WynnBet decided to get out of the digital betting business and exited the state in July. In February, Penn made a deal to buy WynnBet’s NY licence for $25m (£18.7m/€22.5m).

At Monday’s meeting, Penn executive vice-president, chief strategy and legal officer and secretary Chris Rogers told the commission that his company still has “a couple of boxes to check” on technology. But ..

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