New York Legalizes Online Sports Betting

There are several different ways to place a bet on sports games, from over/under wagers to point spreads. You can find unique propositions and wagers that have nothing to do with the actual game. You can bet on championship games, player awards, and more. Prop bets are a fun way to wager on something other than the game itself. They range from individual player performances to team statistics to unorthodox questions like who will score more points at halftime.

online betting

The New York state lottery is the first to legalize sports betting. Since January, its sports books have generated a combined $3.57 million in gross revenue. In January, the state’s governor publicly endorsed online sports betting and supported a single-source model operated by the state lottery. This model was widely criticized in Washington, D.C., because it would mean worse pricing for consumers. While this has helped New York’s sportsbooks, it may be a mistake to rely on single-source models.

As of this year, New York sports betting has had an incredible start. Throngs of fans flooded its sportsbooks, and through January, the state’s gaming regulators declared the industry legal. The state’s Governor, Andrew Cuomo, has expressed support for online sports betting. However, he has also endorsed a single-source model run by the state lottery, which has been heavily criticized in Washington, D.C. and has been viewed negatively by many people.