PointsBet Launches in New York as Betting Market Soars

PointsBet has become the latest platform to launch in the New York interactive betting market this Monday, joining a series of others, and expanding its footprint in the regulated gambling market. The news comes on the tail of PointsBet acquiring a sports and casino license in Pennsylvania, another major gaming bastion.

Big Launch for PointsBet in the US

The website is now live in nine states, including New York, with other jurisdictions covered by the company’s existing licenses in New Jersey, Colorado, Michigan, Virginia, West Virginia, Illinois, Iowa, and Indiana. Commenting on this launch, company chief executive Johnny Aitken welcomed the opportunity to be joining the state:

“New York’s passionate sports fans and bettors will not have access to the fastest online sports betting product in market, with a live, in-game betting experience that PointsBet controls through our proprietary technology and world-class team.”

PointsBet CEO Johnny Aitken

He described this as a major milestone in the company’s future expansion plans in the United States. New York launched online sports gambling on Saturday, January 8 with four operators, name DraftKings, FanDuel, Caesars, and BetRivers. BetMGM followed on January 17, and now, PointsBet becomes the sixth authorized operator.

Three more license holders are still pending launch, name Resorts World, Bally, and WynnBET. They are all awaiting a final regulatory go-ahead by the New York State Gaming Commission. PointsBet Group CEO and managing director Sam Swanell added:

“The PointsBet team is excited to prove our reputation and consistent ability to deliver a world-class experience to New York sports bettors.”

PointsBet Group CEO Sam Samnell

No Pumping the Breaks Any Time Soon

The launch of the New York online betting industry is a shedding moment in US gaming history. While the state was originally opposed – mostly under the stint of former Governor Andrew Cuomo – New York has since embraced the idea of opening up the sluice gates of interactive wagering.

The result is that within seven days, there have been 1.2 million registered accounts and 878,000 unique users participating. Meanwhile, sportsbooks have been able to collect as much as $600 million within 10 days setting the Empire State apart as one of the busiest sports betting places in the US.