PointsBet Backs Out of Massachusetts Temporary License Bid
PointsBet has reportedly withdrawn its gaming license application for the state of Massachusetts.
The announcement was made in a meeting held by the Massachusetts Gaming Commission on February 23. According to Karen Wells, the Commission's Executive Director, PointsBet informed the Commission on February 22 that it would be withdrawing its temporary gaming license application in the state.
Furthermore, PointsBet did not submit the paperwork or pay the mandatory $1m fee for the license as required by the Commission.
With PointsBet out of the race, it brings the total number of online betting license applicants in the Bay State to 10. Out of this number, nine have completed the licensing form and paid the $1m fee. They include Ballys, Betr, DraftKings, Fanduel, Caesars Sportsbook, Wynnbet, BetMGM, Penn Sports, and Fanatics.
The final operator, Catania Gaming Consultants( CGC), announced that it is still in talks with the commissioners regarding its application. Earlier this year, the company underwent an acquisition that stalled its licensing process in the state.
By acquiring the temporary gaming license, betting entities could offer sports wagering services in Massachusetts for one year or until the Commission affirms the operator's license application.
Karen Wells had proposed March 10 for the launch of legalized online sports betting market in Massachusetts. Ahead of the date, Caesars Sportsbook had gone live with its sportsbook app in the state.
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