It took New York 16 days to receive $1 billion in mobile sports betting handles

New York eclipsed the $1 billion mark in cell sports activities betting handles in its first 16 days of operation in January, in response to paperwork launched Friday by the state’s gaming fee.

From January 8, when solely 4 sportsbooks have been accepted to start betting, till January 23, the 5 working cell sportsbooks within the state had traded $1,175,605,980 in bets. Caesars Sportsbook leads the best way with a stake of $487,360,917, nicely forward of second-place FanDuel at $360,005,361.

The full deal with leads New York to eclipse the report deal with for a month set by New Jersey in October 2021 of $1.3 billion. This weekend’s NFC and AFC Championship Video games — the fourth weekend of NFL video games within the state the place cell sports activities betting was authorized — determine to push New York to that quantity.

BetMGM began betting on January seventeenth, so this week’s report covers 5 books for the primary time. Pointsbait started working within the state on January 24, giving New Yorkers a sixth possibility.

Notable sporting occasions since January 8 embrace the ultimate week of the NFL common season, the faculty soccer nationwide championship recreation, two rounds of NFL playoff video games and the Australian Open, in addition to NBA, NHL, soccer and school basketball video games.

Gross gaming income (GGR) – the revenue at stake by the sportsbook – totaled $91,427,275. Kaiser made essentially the most cash at $41,750,856.

Sportsbooks are taxed 51% on gaming earnings in New York, yielding $46,627,910.25 up to now in tax income for the state.

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