Attention New York Residents
On June 21st, 2021, Bovada will no longer be offering services to residents of New York. Decisions like this are never easy and are made on a state-by-state basis. The newly introduced regulation and its increased restrictions on our players residing in NY have ultimately led us to this decision.
IMPORTANT UPDATES
As of June 24th, Bovada accounts for residents of New York will be closed.
What if I don't make a withdrawal request before June 24th?
If, for any reason, players are not able to make a withdrawal request before their account is closed, they may contact our Customer Service team and they will be able to assist with a final withdrawal by cryptocurrency ONLY.
As of June 21st, players who reside in New York can no longer play at Bovada. Withdrawable balances will be available to make a final request up to June 24th. Players may see adjustments to their cash balance, inlcuding the addition of funds for the following:
Remaining bonus funds - On June 21st, if players have unused bonus funds, these funds will be converted to withdrawable cash at a 50% rate which can then be added to their final withdrawal request.
Pending wager settlement - Wagers that will only conclude after June 21st, will be graded on that day (some markets may be graded sooner) and your funds will be available to make your final withdrawal.
Wager settlement will occur as follows:
- Pre-season markets (ex. Various Player Props) that are not updated as the season progresses will be voided and your risk amount returned;
- In-season markets (ex. MLB Futures) where odds are updated throughout the season will be paid out as a cash-out return* using the following formula, calculated with decimal odds:
Your locked in Odds/Current Odds X Risk Amount
Ex. If you had $10 on the Yankees to win the World Series at 10/1 (decimal odds = 11.0) and the current odds are 4/1 (decimal odds = 5.0) your settlement would be calculated as follows:
11.0/5.0 X 10 =$22.00
* If the current odds on the market have worsened, the original risk amount will be returned (ex. A $10 bet placed at 10/1 odds with current odds of 20/1 will return $10)
- Parlays with legs that will only settle after June 21st will be reduced and paid out according to the current results.
Poker Tournament Tickets - unused tickets will be converted to cash for the purposes of withdrawal;
Casino Game - Incomplete Sessions - If a player has an incomplete session at the time their Casino access is disabled - the original risk amount will be credited back to the players balance.
What if my balance is below the withdrawal minimum?
If your current account balance is under the stated minimum for withdrawal, we will grant an exception to process your final request. Contact our Customer Service team and we will be happy to walk you through the process of receiving your funds via Bitcoin (BTC).
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