New York Online Sports Betting: State Tops $1 Billion in Wagers, On Pace to Set Monthly Record
Nathaniel S. Butler/NBAE via Getty Images. Pictured: Julius Randle.
Only a select few states have accepted more than $1 billion online sports bets over the course of a single month in the post-PASPA era.
It took the state of New York 16 days. Sixteen!
From its Jan. 8 launch date until Jan. 23, the state netted north of $91 million of the approximate $1.2 billion ponied up by mobile bettors, according to figures released by the state gaming commission.
New York is on a torrid pace to crush the single-month record over Nevada and New Jersey, both of whom are members of the $1 billion club.
DraftKings, FanDuel, BetRivers and Caesars were the first four shops to go live online in New York; BetMGM and PointsBet recently followed suit.
Roughly $603 million was wagered at online New York sportsbooks over the first nine days.
Caesars was the market share leader at that point at 42.6% ($257 million), thanks to a promotion giving new users up to a $3,300 deposit match.
FanDuel (33.2%, $200.3 million) was next, followed by DraftKings (22.2%, 134.4 million).
Caesars still leads the pack two-plus weeks in, recording $487.3 million of the $1.2 billion handle.
BetRivers, meanwhile, registered a $22.2M total handle through the early stages. BetMGM got a late start on Jan. 17 and wasn’t included in the state’s report.
Overall, if these betting trends continue, New York will surpass New Jersey for the top spot in a month for the first time since NJ edged out Nevada — all the way back in September 2019.
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