- Resorts World Bet sent notice to customers that it will be ceasing operations in the state on June 30
- Bets and deposits will be taken through June 16
- Withdrawals will be allowed through June 22
Resorts World Bet, one of the nine original New York online sports betting operators, will be calling it quits in the Empire State.
Resorts World Bet notified its customers today that it will officially ceasing operations on Monday, June 30. Resorts Word Bet was one of nine sports betting operators to launch in New York on Jan. 8, 2022.
It will cease taking bets and deposits after June 16. Users will be able to withdraw funds through Sunday, June 22.
Resorts World Bet Never Caught On
Despite being one of the original operators, Resorts World Bet – the official sports betting partner of Resorts World Casino – never truly found a footing in New York’s massive online sports betting market.
The sports betting operator only reported $263,331,848 in total handle from Jan. 2022 through May 2025, with customers vastly preferring larger platforms such as FanDuel, DraftKings, and Fanatics Sportsbook.
FanDuel, for comparison take, has seen over $27 billion in online sports betting handle since it launched in January 2022.
Several New York readers forwarded the following announcement to Sports Betting Dime:
Emails to the New York State Gaming Commission or Resorts World for comment were not returned. However, Resorts World Bet now features the following header on its landing page, informing customers of the impending shutdown.
Latest Operator to Cease in New York
This will be the third online sports betting license holder to leave the state. Wynn Interactive announced WynnBET would leave New York in late 2023, withdrawing from a number of state across the country. The license would eventually transfer to Penn Entertainment after the company announced a deal for WSI US, LLC, from Wynn Interactive Holdings for $25 million. This led to Penn Entertainment and ESPN’s partnership that eventually brought ESPN BET into the New York online sports betting market in 2024.
ESPN BET launched in New York on Sept. 27, 2024.
PointsBet also transferred its online sports betting license to Fanatics Betting and Gaming through an acquisition in June 2023. PointsBet sold its U.S. assets to Fanatics Betting and Gaming for $225 million.
Fanatics Sportsbook debuted in New York in February 2024.
So What Now?
It remains to be seen what will happen with the online sports betting license. Resorts World could conceivably sell the license to an outside operator, which would have to be approved by the New York State Gaming Commission.
However, it would likely sell for a high price tag, and any operator will be beholden to the state’s 51% tax on gross gaming revenues.
But despite the expensive license and the high taxes, they’ll also immediately have access to the largest sports betting market in the country where millions in gross gaming revenue can be made in a single week.
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- Source: https://www.sportsbettingdime.com/news/betting/resorts-world-bet-ceasing-new-york-online-sports-betting-operations/