$1000 FanDuel New York Sportsbook Promo Code For January Launch

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The FanDuel New York sportsbook app went live this week. Its launch marks a major milestone for New York’s sports betting industry. Bettors no longer have to drive to a casino or travel to an adjacent state to place sports wagers online or on their mobile phones. Instead, they can claim $1,000 risk-free with our FanDuel NY promo code from the comfort of their home.

Online sports betting will be convenient for bettors and lucrative for New York, with a high tax rate for operators to increase revenue for the state.

FanDuel New York Promo Code Launch Offer

Click here to claim the FanDuel NY bonus for a $1,100 risk-free bet offer

FanDuel is offering bettors $100 in site credit, plus up to a $1,000 risk-free bet when they register.

The sportsbook will match your deposit up to $1,000 with a risk-free bet, meaning if you lose that wager, you will receive the amount of the bet back in site credit.

You won’t be alone when registering for FanDuel in NY. It is reported that New York’s mobile betting launch weekend was the most successful since the Pennsylvania launch two years ago. Over 5.8 million transactions were tracked within the first day of mobile betting.

FanDuel York Launch News

On Thursday, January 6, FanDuel was one of four sportsbooks to receive approval to launch as early as January 8. Senator Joseph Addabbo’s office released a statement praising the authorization of these brands:

“Today’s announcement by the New York State Gaming Commission that four of the nine licensed Mobile Sports Wagering Operators have been approved to begin operations starting on Saturday, January 8, 2022, is great news for New York in terms of revenue, new funding for education, addiction programs, and youth sports, as well as new jobs,” wrote in a press release on Thursday.

FanDuel NY also announced a multi-year partnership with the Buffalo Bills on Thursday. This deal allows FanDuel to use Bills marks and logos, and FanDuel will market itself on Bills TV, radio, and signage at Highmark Stadium.

“The Bills take pride in being a culture that is built on genuine connection with their fans, and we are absurdly fan-focused at FanDuel, making this a natural collaboration,” said Mike Raffensperger, CMO of FanDuel Group.

FanDuel is going into its New York launch with a new state team to leverage. This partnership came just in time for FanDuel to begin the race to capture market share and cement itself in the New York market.

FanDuel NY App – What’s Available For Betting

The goal was to launch mobile betting in New York before the Super Bowl in February. That means there are loads of options for betting this weekend! This week sees the start of the NFL playoffs, with key match-ups between the 49ers and Cowboys as well as the Eagles and Buccaneers. Football fans are also looking at the MVP odds, where the lines have been moving with recent news.

Also read: NFL Playoff Bonuses at NY Sportsbooks

Plus, there are some key NBA matchups this weekend, and FanDuel NY offers competitive odds for them all.

New York’s Significance

New York’s mobile sports betting launch is a big deal for the sports betting industry. It’s the largest state by population to legalize mobile sports betting. Because mobile sports betting accounts for the overwhelming majority of sports wagers, mobile sports betting legalization will allow New York to maximize its profits from sports betting.

However, New York sports betting industry’s estimated $1 billion market value comes at a price. New York also charges operators a 51% tax rate. In an industry where profit margins can range from 4-5%, New York will test operators’ abilities to remain profitable.

Finally, New York is the next major market in an area of the country becoming a gambling entrepreneurship hub. New York is next to New Jersey, which is one of the most mature gambling markets outside of Nevada. Bettors are experienced and new companies can benchmark themselves against serious competitors. It’s no wonder that startups like Sporttrade and Prophet Exchange are launching in New Jersey first.

New York’s financial markets could make it a major investment center for new sports betting companies, too. Its proximity to New Jersey startups and new operators in New York could attract new investors to the gambling industry.

About the Author

Dan Holmes

Dan Holmes has written three books about sports. He previously worked for the National Baseball Hall of Fame and Major League Baseball. He enjoys writing, running, and lemon bars. He lives near Lake Michigan with his daughters and usually has an orange cream soda nearby.

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