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PrizePicks is back in New York following last year’s $15 million settlement for operating without a license.
Fantasy sports operator PrizePicks will now be able to offer its service in New York, after being awarded an interactive fantasy sports operating license by the New York State Gaming Commission. PrizePicks has confirmed that it plans to launch its peer-to-peer offering in New York in the coming weeks.
“New York is home to some of the most passionate sports fans in the country, and we know they will be excited to have PrizePicks back,” said Mike Ybarra, CEO of PrizePicks. “We’re thrilled to offer a great entertainment experience that elevates how they engage on game day and beyond.”
PrizePicks’ background in New York’s gaming scene
This comes after PrizePicks paid nearly $15 million to the Gaming Commission in 2024 in a legal settlement over its licensing issues. Now, the company maintains that it has “worked closely with state gaming regulators to ensure that its new peer-to-peer contests comply with New York’s strict fantasy sports requirements.”
“We want to thank the New York State Gaming Commission for their collaboration and recognition of our peer-to-peer offering as a fantasy sports contest,” said Jason Barclay, PrizePicks’ Head of Public Policy and Chief Legal Officer. “We worked diligently to design a game that meets the Commission’s rigorous standards, and New York’s decision underscores the idea that innovation in fantasy sports can thrive within a clear regulatory framework.”
New York is now the 16th jurisdiction to formally license PrizePicks for operations, confirming that PrizePicks’ contests can be offered as games of skill under its fantasy sports laws. The fantasy sports operator has also been investing heavily in the social side of its app recently, bringing in famous faces to promote The Feed and its various community-focused features.
Featured image: PrizePicks
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Resorts World New York City has submitted its supplemental application for a casino license, bringing the total spend up to $7.5 billion.
Now submitted to the New York State Gaming Facility Location Board, Resorts World New York City’s proposal promises “more jobs, more revenue, and more immediate economic impact” as the competition for a license continues to heat up. This comes on the heels of MGM Yonkers pulling out of the running, leaving just three applications in contention.
Resorts World’s proposal includes $5.5 billion spent on site development and $2 billion on community benefits, bringing the total spend up to $7.5 billion. Estimates put state and local tax payments for the first 10 years of operation at $18.8 billion. This comes after Resorts World pledged to pay $100 million more than necessary for the license fee, promising $600 million in total.
The company also promises to open its doors four years earlier than other bidders plan to, with a scheduled opening date of June 29, 2026.
“This is more than a bid: it’s a promise kept to the people of New York,” said Robert DeSalvio, President of Genting Americas East. “No other project will come online faster, generate more financial impact, create more jobs or send more revenue to the state’s education fund, the MTA and local communities than Resorts World New York City.”
What’s next for the future of New York City casinos?
While Resorts World is hoping its latest application update will help it stand out from the rest, the decision still ultimately rests with the New York State Gaming Facility Location Board. It expects to make a decision by December 1, 2025, so there’s not too much longer to wait.
The three casino applications still in the running are Resorts World, Citi Field in Queens, and Bally’s Bronx casino. You can read all about the proposals here, and the wider process, here.
Featured image: Resorts World New York City
The post Resorts World New York City’s latest casino application brings total spend up to $7.5B appeared first on ReadWrite.