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With New York State expected to begin allowing legalized sports betting some time in the early part of 2022, Bovada has opted to leave the market for a second time. Alternatives include BetOnline.
Bovada had previously exited the NY market in 2011 following a series of indictments levelled against multiple online poker sites. The US Attorney for the Southern District of New York (USDNY), Preet Bharara, was the prosecutor behind that matter.
Bovada has not disclosed the reason why they are exiting the Empire State.
Here is the letter sent out to New York customers last week.
Hi,
We are writing today to let you know that as of June 21st we will no longer be offering services to residents of New York state.
Decisions of this nature are made on a state-by-state basis and with consideration of several factors; the most critical being the future climate for online gambling in the state of New York. The newly introduced regulation and its increased restrictions on our players residing in NY has ultimately led us to this difficult decision.
Here’s what you need to know:
Your Play and Rewards Points
Until June 21st, you’re free to continue playing with any remaining funds, bonuses or Poker Tournament Tickets; however, you should avoid placing wagers on events that will settle after June 21st (Ex. MLB - World Series winner) as these will be voided and your risk amount returned;
Any pending wagers on events or sports that will only start after that date (Ex. NFL Props and Futures) will be voided within 24 hours;
Settlement for events or seasons that are already in progress but will finish after June 21st will take place closer to the closure date, further details will be provided;
Unredeemed rewards points have been converted to a cash-bonus (Standard rollover applies), available now for use;
As of today, you will not be able to earn or redeem further Rewards Points.
Deposits and Withdrawals
Withdraw anytime, we’ve got several new cryptocurrency methods to choose from, note that existing wagering conditions will still apply;
As of today you will not be able to make additional deposits;
More Information
We will keep you updated and send reminders via email and your account messages;
As we approach the closure date, updates will also be provided in our Help Center and the Bovada Community.
While our time together is coming to an end, we wanted to take this opportunity to thank you for your business and to remind you that should the landscape in your state change in the future, we’ll be happy to welcome you back!
Warm Regards,
Bovada Customer Service
New York had legalized sports betting a few years ago but lawmakers recently passed a measure that will now allow mobile wagering.
- GIlbert Horowitz, Gambling911.com
