FanDuel Group opened its first sportsbook in New York state on Friday at Tioga Downs, just a few days after the first legal sports bet in New York state was placed at Rivers Casino in upstate Schenectady.
Located at Tioga Downs Casino Resort in Nichols, FanDuel’s sportsbook at Tioga Downs is part of the first wave of New York sportsbooks launched this year for which the state’s Gaming Commission is in the process of either reviewing or approving applications.
The other applicants include Rivers Casino, Del Lago in Waterloo and Resorts World Catskills in Monticello.
Partnering with Tioga Downs was a big opportunity for FanDuel to make its mark in New York, which is one of the most important states in which sportsbooks hope to secure a market share in the new environment.
“As we continue to expand our sportsbook operations across the U.S. the opening of our FanDuel Sportsbook at Tioga Downs Casino Resort is a history-making moment for the FanDuel Group," Keith Wall, Vice President Commercial Retail for FanDuel Group, said in a press release.
Jeff Gural leads the company which owns Tioga Downs as well as the New Meadowlands Racetrack in New Jersey, which already partnered with FanDuel for a sportsbook last year. He said he is excited to bring a FanDuel sportsbook into the New York market.
"Our partnership with FanDuel at the Meadowlands has surpassed expectations,” said Gural, Chairman of American Racing and Entertainment. “Now that legislation in New York has been passed, we look forward to bringing the fun and excitement of wagering on sports to the upstate region."
"Jeff Gural has been an incredible partner in New Jersey, and joining forces with him and the team at Tioga Downs allows us to bring sports betting to New York sports fans while delivering new jobs and tax revenue to the Empire State," Wall said.
It’s a seminal moment in the relatively new American sports betting landscape which began last May after the Supreme Court lifted the federal ban on sports betting by overturning PAPSA.
Where sports betting in the U.S. was once just primarily available in places like Nevada, which had been grandfathered in before the federal ban took place, a new landscape is fast approaching. More than half of all jurisdictions either take legal sports wagers, have passed a bill to do so, or have introduced legislation to legalize sports betting.
New York is one of the most coveted markets in the U.S. because it is largely considered a progressive state, one with the most important media market in the entire country in New York City. That New Yorkers now have options to place legal sports bets at “brick and mortar” locations is an important step in the continued growth of the New York betting market.
While online sportsbooks have yet to surface in the state and the path to legal sportsbooks opening in New York City have yet to fully develop, FanDuel’s move could be one of the steps that ultimately help lead to those things happening in the future.
FanDuel’s sportsbook at Tioga Downs Casino Resort is the group’s fourth retail operation to open in the U.S. since last summer.