The New York mobile sports wagering market has surpassed over $2bn in handle following its launch at the start of January.
Data from the New York State Gaming Commission has revealed the state’s mobile sports betting handle now stands at $2.4bn and gross gaming revenue of $153.9m, which is taxed at 51%.
From the $2bn wagered since market launch, $472.1m in bets was placed at the state’s online sportsbooks during the week of Super Bowl LVI, which was won by the Los Angeles Rams against the Cincinnati Bengals.
The week of the Big Game was also one of the market’s most lucrative weeks since its launch, with only the third week of January ($572.5m) beating its handle for the week.
“Over the past month, we’ve seen how mobile sports wagering can be an economic engine for New York, driving significant funding to our schools, youth sports, and so much more,” Governor Kathy Hochul said in a statement, via the New York Post.
Currently, seven sportsbooks – Caesars, FanDuel, DraftKings, BetMGM, PointsBet, BetRivers, and WynnBET – are online in New York. Resorts World is expected to launch in the state soon, while Bally’s Bet is scheduled to go live in April.
Last week, it was reported that New York’s online sportsbooks generated $125m in revenue in January 2022 alone.
