Online casino and sportsbook Bovada has announced that from June 21, it will no longer allow residents of New York state to use its services and will leave the state market.
A statement from the Costa Rica-based Bovada declared that the “future climate” of New York’s online gambling environment, referring to the introduction of new regulations in the state, led Bovada to decide to ban its residents.
These new regulations came alongside the state’s plans for legal online betting, which were included in the FY2022 budget signed by Governor Andrew Cuomo last month. Among the measures set out under the budget bill are that the New York State Gaming Commission will issue a request for proposals to select at least two platform providers to operate sports betting, with these to receive licenses and offer at least four betting skins.
The statement also said existing New York state customers can currently play with remaining funds, bonuses, or poker tournament tickets, but should not place bets on events occurring after June 21.
New York is one of several states that have passed laws to regulate online gambling regardless of where the casino or sportsbook resides. Bovada has also banned players from Delaware, New Jersey, Maryland, and Nevada after similar laws were passed.
In 2019, the Office of the New Jersey Attorney General ordered licensed casinos and gaming operators in the state to discontinue work with affiliate Oddshark, after the New Jersey Deputy Attorney General noted that the affiliate promoted Bovada among other illegal iGaming sites.
(Photo : PYMNTS)