New York launched legal online sports betting on 8 January and the total wagered in the first 23 days of operation comfortably surpassed the US monthly handle record of US$1.30bn set by New Jersey in October last year.
Gross gaming revenue from sports betting in February was also 18.9% lower than US$113 million in the opening period for the state’s legal market.
February included figures from Caesars Sportsbook, FanDuel, DraftKings and Rush Street Interactive, all of which began operations on opening day in New York, as well as BetMGM, which went live on 17 January, PointsBet on 25 January and WynnBet on 2 February.
Flutter Entertainment-owned FanDuel Group led the way in terms of handle, processing US$568.3m in bets during the four-week period and bringing in gross gaming revenue of US$26.6m.
DraftKings followed with a US$390.0m handle and state-leading revenue of US$31.8m. Caesars took US$328.4m in bets and posted $22.9m in revenue, while BetMGM’s handle was US$154.4m and revenue US$4.1m.
PointsBet accepted US$52.5m worth of bets and recorded US$3.3m in revenue, while Rush Street Interactive’s handle reached US$37.2m and revenue US$2.2m. WynnBet, which entered the New York market on the first day of the reporting period, took US$4.7m in bets and posted revenue of US$731,043.
Last week, Genting Group-owned Resorts World became the latest operator to enter the New York mobile sports betting market, launching its new Resorts WorldBET app in the state. Bally’s has still not enetered, despite being licensed to do so.
Source: iGB
