New York’s online sportsbooks take $1.0bn in wagers in first 16 days

New yorkers wagered more than $1.0bn during the first sixteen days of regulated mobile sports betting. Revenue surpassed $91.4m.

US.- The New York State Gaming Commission has reported that players spent $1.18bn from launch on January 8 until the end of the second full week of regulated sports betting on January 23. The regulator reported that gross gaming revenue for the period reached $91.4m.

Caesars Interactive led the New York online sports betting market with a handle share of 41 per cent and a revenue share of 46 per cent. FanDuel followed with a 31 per cent handle share and 26 per cent revenue share, while DraftKings came in third with 23 per cent handle share and 24 per cent revenue share.

BetMGM followed with a low revenue share of only 3 per cent and 3 per cent handle share, having only launched in the second week of operations.

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.  New York is on track to record the highest handle of any state in a month.