Whether you’re a college football fan or not, online betting is a great way to bet on your favorite team. With sports betting booming all over the world, New York is the perfect place to try out your skills. The state gaming commission has approved several online betting sites, including BetStars, DraftKings, FanDuel, and the NYCFC of Major League Soccer. Many people also enjoy the convenience of placing bets in the privacy of their own home.
Sports betting in New York got off to a great start in 2020, with a combined $3.57 million in gross revenue through January. In February, the New York Governor declared his support for online sports betting and endorsed the single-source model run by the state lottery. The single-source model was heavily criticized in Washington D.C. and has been criticized for putting the burden of regulation on the consumers. The result is that consumers are left with fewer options and are unable to benefit from the benefits of legalized sports betting.
In addition to the New York sports betting industry, online sportsbooks have been a hit in the state. Through January, sportsbooks in the state brought in a combined $3.57 million in gross revenue. In November, the Governor made a statement in support of the industry, and backed the single-source model, run by the state lottery. This model has been criticized by Washington D.C. as it results in higher prices for consumers.