The New York State Gaming Commission has declared that New York online sportsbooks have accepted more than $1bn in bets in just over two weeks since the market launched, according to New York Bets.
New York’s online sports betting market launched on January 8 and after $1.175bn in wagers through its initial 16 days, the state will more than likely handle more money wagered in a month than any other state to date.
To put the Empire State’s results so far into perspective, the current online sports betting wagers record is held by New Jersey, whose sportsbooks saw $1.3bn in wagers in October 2021.
Since its launch, New York has seen $1.175bn in total handle, amounting to a total gross gaming revenue (GGR) of $91.427m and taxes to the state of $46.628m (51% tax rate).
Six sportsbooks are currently operational in the state. Four sportsbooks – Caesars, FanDuel, DraftKings, BetRivers – were live on the market’s launch day, while BetMGM (January 17) and PointsBet (January 25) followed afterward.
Broken down by sportsbook, Caesars leads the way with $487.3m in bets, followed by FanDuel ($360m), DraftKings ($265.5m), BetMGM ($40.6m), and BetRivers ($22.2m).
Since PointsBet only launched in New York on January 25, its figures were not included in the report.
WynnBET, Bally’s, and Resorts World have all been conditionally licensed to operate but have not been cleared to begin as of yet.