Resorts World Bet is now officially out of the New York sports betting market. After months of speculation, the operator has confirmed its sportsbook is no longer live as of June 2025. The decision follows persistent struggles to generate meaningful revenue in a market dominated by national heavyweights.
Bonus Finder reported earlier this year that Resorts World Bet’s handle and revenue consistently trailed far behind competitors. While brands like FanDuel, DraftKings, and BetMGM reported hundreds of millions in wagers, Resorts World was left with a fraction of that activity.
Ultimately, the lack of scale sealed its fate. Even targeted promotions and loyalty tie-ins to its casino property failed to close the gap.
A Market Thriving Without Them
New York sports betting is not slowing down. May 2025 alone produced over $1.9 billion in handle and more than $190 million in revenue. For leading operators, the state remains one of the most lucrative markets in the country. Resorts World’s exit shows the challenge smaller brands face, not because the market is weak, but because it’s overwhelmingly competitive.
In an environment where Caesars, BetRivers, and WynnBet can still secure respectable numbers, Resorts World simply couldn’t find its footing. The brand’s strength remains tied to its land-based casino identity, and the online sportsbook never gained the same traction. Consumers who already had established accounts were reluctant to change, even when Resorts World tried to offer creative incentives.
The Weight of New York’s Tax Rate
Another consistent hurdle is the state’s 51% tax rate, the highest in the U.S. That figure has been debated since mobile betting first launched in New York. While leading operators have the scale to absorb the impact, smaller brands are squeezed to the point where achieving profitability becomes nearly impossible. For Resorts World, already struggling to build market share, the tax burden only accelerated the inevitable.
Industry analysts continue to question whether New York will revisit its tax framework in the future. As long as it remains unchanged, it is difficult to see how mid-tier or smaller operators can succeed in the state. The model rewards giants, while discouraging challengers from entering or staying in the fight.
Future Focus on Land-Based Expansion
While the sportsbook may be gone, Resorts World is not disappearing from the gambling conversation. Resorts World New York City is preparing for significant expansion, as covered by Bonus Finder earlier this year. With additional investment in its land-based operations, the company may be redirecting focus to areas where it already commands a loyal customer base.
There is also speculation about the possibility of Resorts World selling or transferring its sportsbook license if market conditions shift. However, for now, that remains only a hypothetical. What is clear is that the company sees more upside in physical development than in competing against entrenched sportsbook leaders.
Impact on customers and market dynamics
For bettors, the loss is relatively small. Resorts World Bet never held a meaningful share of the market, so most customers already relied on other apps. Still, for the few who preferred the operator, the integration with Resorts World Rewards was a unique selling point that will no longer be available. It serves as a reminder of how quickly smaller names can fade into obscurity in an industry that prioritizes scale and growth.
On a broader scale, Resorts World’s exit serves as a case study in consolidation in action. As markets mature, dominant players tend to absorb the majority of activity, leaving little room for newcomers to emerge. That pattern is unfolding in New York and could eventually appear in other states with high entry costs or aggressive taxation.
What the Exit Tells Us
The closure of Resorts World Bet’s sportsbook highlights the unforgiving nature of New York’s online betting market. Success is heavily concentrated among a few dominant brands, while smaller operators struggle to survive. Customer acquisition costs remain high, and marketing budgets often struggle to compete with those of national leaders. The result is a landscape where consolidation feels inevitable.
Other states with similarly high tax rates may see comparable outcomes. Operators will need to weigh long-term sustainability against short-term losses. Resorts World’s decision reflects the difficult choices that many brands may soon face, especially as growth slows in saturated markets.
Closing Thoughts
Resorts World Bet’s departure from New York marks a clear reminder: this is a market of giants. Bonus Finder’s reporting highlights the magnitude of the opportunity and the risks faced by those unable to secure their spot. As of June 2025, the sportsbook is a thing of the past, but the lessons it leaves behind remain relevant to the entire industry. It is a cautionary tale about scale, taxation, and the thin margins that define the competitive world of sports betting.
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