Resorts World Departing New York Sports Betting Space
Posted on: June 9, 2025, 10:13h.
Last updated on: June 9, 2025, 10:13h.
- Rare casualty in the biggest online sports betting market in the US
- Resorts World Bet closing up shop on June 30
- No effect on parent company’s casino ambitions
Resorts World Bet, Genting’s online sports wagering mobile application in New York, is leaving the largest US internet sports betting market effective June 30.
The gaming company, which struggled to gain adequate market share in the state despite being one of the nine originally licensed operators there, informed customers of the decision today, telling them Resorts World Bet will close for good on June 30.
Effective immediately, you will be able to place wagers and make deposits until June 16, 2025,” according to the customer message. “However, please be aware that withdrawals must be made by June 22, 2025 to ensure they are processed before the platform closes.”
The app and the Resorts World land-based casinos are controlled by parent company Genting Bhd. Malaysia-based Genting is a sprawling conglomerate that includes interests outside of the gaming industry. Its casino portfolio includes venues in its home country, Singapore, and in the US, but those assets mostly function as separate units.
Resorts World New York not First to Leave the State
Mobile sports wagering went live in New York in January 2022 and despite that late start relative to some other states, New York leveraged its status as the most populous state with an open sports betting market to become the undisputed regulated sports wagering king of the US.
But the Empire State’s legal sports wagering market resembles other states in that FanDuel and DraftKings hold massive share. There have been surprises along the way, including Fanatics’ ascent to the third spot in the state, but Resorts World Bet lacks the brand recognition of those rivals and others and thus has struggled to gain share in the fourth-largest state.
For example, FanDuel hauled in $108.8 million in May gross gaming revenue (GGR) in the state on a handle of $803.1 million, but those figures for Resorts World Bet were just $769,446 and $9.1 million, respectively.
The Gentng-run app isn’t the first to leave New York. Wynn Resorts’ WynnBet did so in early 2024, but that was part of the operator’s broader withdrawal from online gaming and its license was acquired by Penn Entertainment’s ESPN Bet.
It’s possible New York regulators could auction of Resorts World Bet’s license to another gaming company, but the state’s 51% tax rate — the highest in the country — could diminish the pool of potential bidders. Bet365 is an operator with the resources to absorb that tax hit, but it hasn’t said it’s imminently looking to enter New York.
No Implications for Resorts World Casino Plans
In New York, Genting runs two brick-and-mortar casinos. Those are Resorts World Catskills and Resorts World New York in Queens, the latter of which is seen as a one of the most viable contenders for one of the three downstate licenses regulators there could award by the end of this year.
The Queens gaming venue, which is slots-only, has been a massive revenue generator for the state in its 14 years in business and those receipts would likely surge if Genting is allowed to convert it to a traditional casino with table games. Regulators haven’t commented to this effect, but it’s unlikely the death of Resorts World Bet will hamper the owner’s quest for a downstate license.
Should it be successful in that quest, it’s likely the operator would run the retail sportsbook as it does in the Catskills and at its integrated resort on the Las Vegas Strip.
Last Comment ( 1 )
Very poorly run operation. Not surprising as their NY casinos are horrible. I opened up accounts with 6 different companies here in NY as I like to compare the prices. Only one would not open an account for me. They kept wanting more and more info to “verify “ me. The other companies had no issues with me and I have had no problems with them. I tried to speak with customer service but they were clueless. I also had an issue with them in person at the Catskills casino. Made some bets through the kiosk and had a few winners. Their live service seemed to be closed most of the time. I was instructed to go to the casino cashier. They had no idea how to cash the tickets. Finally was told to make an appointment and someone would help me. The next day I was shown to a private room and gave them the tickets. A half hour later someone came back with 1800 dollars for me. In 10s and 20s.