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DraftKings, FanDuel Among Winners for New York Sports Betting Licenses

  • A total of nine casino and online operators win state’s OK
  • The operators will pay New York a 51% tax rate for 10 years
DraftKings Inc. And FanDuel Inc. Applications As Ad Spending Increases

Photographer: Andrew Harrer/Bloomberg

New York regulators chose two groups -- a total of nine casino and online gaming operators -- to offer mobile sports betting, making the state one of the largest yet to allow such wagering.

DraftKings Inc., MGM Resorts International’s BetMGM venture, Bally’s Corp. and FanDuel, a division of Flutter Entertainment Plc, had joined forces to win one of the bids. Another group included Caesars Entertainment Inc., Wynn Resorts Ltd., PointsBet Holdings Ltd., Rush Street Interactive and Resorts World, part of Malaysia’s Genting empire. That group was led by technology provider Kambi Group Plc.