New York picks 9 vendors for lucrative mobile sports betting

New York picks 9 vendors for lucrative mobile sports betting

People play video slots at the public opening of Resorts World Catskills in Monticello, N.Y., Thursday, Feb. 8, 2018. Resorts World Catskills is opening Thursday in the heart of the old "Borscht Belt." It will feature more than 150 table games and 2,150 slot machines about 80 miles northwest of New York City. Promoted as economic boost to this old resort area, it is opening in an increasingly competitive regional market. (AP Photo/Seth Wenig)

NEW YORK (AP) — New York’s gaming commission has picked 9 operators to offer mobile sports betting, opening up what is anticipated to be a highly lucrative market. The operators include DraftKings, FanDuel Sportsbook, BallyBet, BetMGM, Rush Street Interactive, Caesars Sportsbook, Wynn Interactive, Resorts World and PointsBet. State officials estimated that allowing online betting could bring in up to $500 million in tax revenue annually. The eagerness for being able to operate in New York has been high, given the size of the state population, income levels and the number of sports teams.

Photo: People play video slots at the public opening of Resorts World Catskills in Monticello, N.Y., Thursday, Feb. 8, 2018. (AP Photo/Seth Wenig)