$600M in Bets Placed on Sports in New York First Nine Days of Online Betting

SBNY » $600M in Bets Placed on Sports in New York First Nine Days of Online Betting

In the first nine days of legal sports betting in New York, bettors placed $600M in bets. This is a clear indication that people are excited about the new opportunity to place bets on their favorite sports teams! NY sportsbooks are seeing a surge in traffic, and it is only going to continue as the NFL season starts up. If you’re interested in placing a wager on your favorite team, now is the time to do it!

From the launch on January 8th through 16th, bet amounts aggregate to $603.1 million dollars! For example, the New Jersey market for sports betting exceed $1.2 billion in November, which made it one of the best months ever seen by this industry!

$603 million worth of bets over the course two weeks ending January 9th

New York’s four currently operating mobile sportsbooks — FanDuel, DraftKings and Caesars as well as Rush Street Interactive— handled a whopping $603 million worth of bets over the course two weeks ending January 9th.

When New York breaks the national record for sports betting, it will be in line with what’s happening across many other states. In October 2018 alone there was $1 billion worth of wagers placed within NJ and last month Massachusetts announced they had broken their own state records by grossing more than ever before – a whopping $80 million!

The early New York figures also don’t include one operator, BetMGM. With gross gaming revenue from mobile sports betting taxed at 51%, the first few weeks of operations have already generated over $20 million in tax proceeds for our state!

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