Resorts World Bet, the mobile sports wagering platform operated by Genting in New York, will exit the state’s booming online sports betting market on June 30.
Despite being among New York’s nine original licensed operators, Resorts World Bet struggled to gain meaningful market traction. The company notified customers today that the platform will shut down permanently on June 30.
“Effective immediately, you may place wagers and make deposits until June 16, 2025,” the customer notice stated. “Withdrawals must be completed by June 22, 2025, to ensure processing before the platform closes.”
Resorts World Bet is part of Malaysia-based Genting Bhd, a global conglomerate with casino holdings in the U.S., Singapore, and its home country. Though the brand operates both the app and two New York casinos, the digital platform functioned separately from Genting’s land-based properties.
Resorts World Isn’t the First Operator to Leave New York
Online sports betting launched in New York in January 2022. Even with a later start than other states, New York quickly became the largest regulated sports betting market in the U.S., driven by its population size and strong demand.
Yet the market mirrors national trends: FanDuel and DraftKings dominate. While Fanatics has surprisingly secured the No. 3 spot, Resorts World Bet never built the same level of name recognition or user base.
In May, FanDuel reported $108.8 million in gross gaming revenue (GGR) on $803.1 million in handle. Resorts World Bet, by contrast, reported just $769,446 in GGR and $9.1 million in handle.
Resorts World’s departure follows WynnBET’s exit in early 2024 as part of Wynn Resorts’ broader retreat from online gaming. Penn Entertainment’s ESPN Bet later acquired WynnBET’s New York license.
New York regulators could choose to auction Resorts World’s license, though the state’s steep 51% tax rate — the highest in the nation — may limit interest. Bet365 is among the few operators capable of absorbing such a cost, but it has not indicated plans to enter the New York market.
No Impact on Resorts World’s Casino Ambitions
Genting operates two New York casinos: Resorts World Catskills and Resorts World New York City in Queens. The Queens property is widely viewed as a leading contender for one of the three downstate casino licenses expected to be awarded by year’s end.
The Queens venue, currently slots-only, has generated substantial tax revenue over its 14 years. Converting it into a full-scale casino with table games would likely amplify those earnings. Regulators haven’t suggested that the closure of Resorts World Bet will affect Genting’s chances at securing the license.
If Genting succeeds in obtaining one, the company is expected to operate an in-person sportsbook similar to the ones at Resorts World Catskills and its Las Vegas Strip resort.
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