This week, New York sports bettors are in for a treat as two state-approved mobile operators introduced some promotional offers for new users. Caesars Sportsbook has launched a US$1,100 risk-free bet for games on the NBA, NHL, or MLB. In the meantime, BetMGM has started a similar promotion of up to US$1,000 in risk-free bets for newly registered bettors.
The two gambling operators debuted early in the Empire State’s mobile sports betting market, which opened up on January 8, 2022. So far, the two operators have been established as some of the leading ones in the limited market model with a total of nine operators. Despite that, the jurisdiction has also surpassed the US$6 billion mark in an online handle.
Two New Promos Now Available
Caesars Sportsbook confirmed that the new promotion is for newly-registered users, and once they finish their new account, they will be eligible for risk-free bets of up to US$1,100. The credits can be used on NBA, NHL, or MLB games of their preference. The promotion is a great way for novice players to get introduced to mobile sports betting in the state.
In order to get their hands on the risk-free credits, individuals must register for a brand-new account on the app and enter a special code available online. Then file in their required information and create the account. Then by selecting their preferred method they must deposit funds, and select a game or player prop to wager on.
Last month, Caesars Sportsbook announced a lucrative partnership with the New York Mets which further enhanced its footprint in the Empire State. Through the agreement, the sportsbook became the official sports wagering partner of the baseball team. The collaboration also provided members of the Caesars Rewards with access to VIP experiences and more. The company also shared plans of launching a sportsbook lounge at Citi Field.
BetMGM’s Limited Offering
BetMGM has also prepared a special offering to attract more users to its online platform with its tasty US$1,000 offer of risk-free bets. It can be obtained in four easy steps. First bettors must enter through the company’s NY portal. Secondly, they must submit the required information to complete the account. Then they enter the special code, and lastly, they need to make a deposit of at least US$10.
The company informs that if the first bet is a loss, then the sportsbook gives players multiple chances of redemption, as they will receive five free bets in their accounts each equal to 20% of the initial wager. There is an exception if the first bet loss was for less than US$50, in which case the app will put a single bet credit equal in value to the player’s first bet.
In April, the CEO of Entain, Jette Nygaard-Andersen shared some of her and the company’s expectations of BetMGM’s performance and expectations in the Empire State. She commented that the app is thriving quite well in the market, and for example, for the week that ended April 3, 2022, the app had an 11.8% of the total weekly handle.
Source: Joy, Russ “Caesars NY Promo: $1,100 Risk-Free NBA, NHL, MLB Bet”, EliteSportsNY, May 19, 2022