New York mobile sports betting handle surpasses $600m in first nine days

The New York mobile sportsbooks reported $48.2m in sports betting revenue in nine days.

01/24/22

New yorkers wagered more than $600m during the first nine days of regulated mobile sports. Revenue surpassed $48m.

US.- The New York State Gaming Commission has released its first batch of weekly financial figures for mobile sports betting. Together Caesars Sportsbook, DraftKings, FanDuel and Rush Street Interactive took $603.1m in wagers from the start of sports betting on January 8 until Sunday January 16. BetMGM launched January 17.

BallyBET, PointsBet, Resorts World Bet, and Wynn Interactive are still awaiting approval from the Gaming Commission to launch.

Figures released by the state commission show that gross gaming revenue for the period reached $48.1m. New York generated $24.6m in tax (the Empire State is taxed at 51 per cent).

Among mobile operators in New York, Caesars took the most bets at $257.6m ($22.7m in revenue), followed by Flutter Entertainment-owned FanDuel at $200.3m ($14.1m in revenue); DraftKings at $134.7m ($10.9m in revenue) and BetRivers, operated by Rush Street Interactive, at $10.6m ($446,696 in revenue).

As reported by Focus Gaming News last week, in the first week after New York launched sports betting, 1.2m accounts were created across the five sportsbooks in the state, with 878,000 unique players.

GeoComply revealed that only 9.3 per cent of New York players placed bets previously in New Jersey, with 87.8 per cent of players being brand new to regulated online sports betting. Some 17.9m geolocation transactions were registered last weekend, surpassing transactions during the launch weekend.

In this article:

mobile sports betting