On July 9, 2021, the New York State Gaming Commission (the “Commission”) released a Request for Applications (“RFA”) for mobile sports wagering platform providers. The RFA is based upon the statutory requirements that the Commission must follow, including a competitive bidding process and the award of licenses to at least two Mobile Sports Wagering Platform Providers and four Mobile Sports Wagering Operators.
Mobile Sports Wagering Platform Providers must fully integrate the Operator’s wagering system into the platform, accept and register all wagers, generate all electronic wagering tickets, compute wagering and payoffs, maintain records of all wagering activities and generate and/or submit to the Commission all required reports.
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The Q&A provides a high level overview of the framework of gambling regulation; the regulatory authorities; gambling products; land-based gambling; regulation and licensing; online gambling; B2B and B2C operations; mobile gaming and interactive gambling; social gaming; blockchain technology; gambling debts; tax; advertising and developments and reform.
To read the full text of this chapter of Thomson Reuters Practical Law: Gaming Global Guide, written by Duane Morris attorneys Bill Gantz and Joseph Caputi, please visit the Thomson Reuters website.
Legalized casino gambling and sports wagering are approaching the finish line in Virginia following the recent passage of two bills by the Virginia General Assembly. Senate Bill 36 and House Bill 896, both awaiting the signature of Virginia Governor Ralph Northam, would permit five land-based casinos, online sports betting and up to 2,000 additional historical horse racing machines.
View the full Alert on the Duane Morris LLP website.