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Caesars Sportsbook Partners With Madison Square Garden As On-line Sports Betting Launch Nears

Caesars Sportsbook Partners With Madison Square Garden As On the internet Sports Betting Launch Nears

Caesars Sportsbook inked a partnership with some of the New York City’s biggest sports and entertainment franchises as on-line and mobile betting is on the cusp of launching in the Empire State.

The entity of Caesars Entertainment announced a multi-year agreement between the on the internet sportsbook and Madison Square Garden Corp., according to a press release. The agreement makes the organization the official sports betting partner of the NBA’s New York Knicks and the NHL’s New York Rangers.

Caesars Sportsbook will have a branded hospitality suite inside the arena that will be open for most events taking place at the arena, which includes Knicks and Rangers games. The business will also obtain prominent advertising space inside Madison Square Garden.

“Caesars Sportsbook is ready for expansion into New York,” said Eric Hession, Co-President of Caesars Digital in the press release. “To partner with these legendary New York brands for compelling creative content material and branding uniquely positions us to reach the avid sports fans in the area.”

The partnership was announced about a week following a group that Caesars was a element of received one particular of two licenses to operate on-line sports betting in New York.

According to a report from the Queens Chronicle, the New York State Gaming Commission awarded an online sports betting license to a group consisting of Caesars Sportsbook and Wynn Interactive, which teamed up with Resorts Planet and Rush Street to operate an on-line betting operation.

The other license was offered to a group comprised of the two greatest daily fantasy sports firms FanDuel and DraftKings. In between all the licenses awarded, there will be nine on the internet sportsbooks offered to New York gamblers.

On the internet betting is legal in the 3 states that are in close proximity to New York City as New Jersey, Connecticut, and Pennsylvania all legalized online sports betting in the last several years. Pro-gambling lawmakers from the Empire State argue that its citizens are traveling into neighboring states to place bets and that the local government was missing out on tax revenue by not legalizing the activity.

One particular of the most prominent lawmakers in the state, Sen. Joseph Addabbo told the outlet that he believes the New York mobile sports betting marketplace will launch in time for the 2022 Super Bowl.