Published
OnlineFinancialSports Betting

The March to $5bn: New York sees $1.64bn in sports wagers; $114.3m in revenue

January to March saw almost $5bn worth of online sports wagers in the state of New York, with over $300m in revenue generated during the period.

NYStatue

That tally follows another positive month for the region, as March Madness inevitably drew sports bettors to their apps and browsers in the third calendar month of 2022.

New York's online sportsbooks saw $1.64bn in handle (total wagers) for the month of March, according to the New York State Gaming Commission.

That figure is up 7% month-on-month, though just below January's total of $1.67bn.

In terms of revenue, New York's mobile sports betting outlets generated considerably more than the previous month.

While February's sports betting activity saw operators win $82.4m, with players betting a little less and winning a little more overall, March generated gross revenue of $114.3m.

Looking at year-to-date figures, which is essentially a Q1 report at this stage, New York has generated $4.8bn in wagers, with $320.8m in gross revenue.

Flutter Entertainment-owned FanDuel has been the clear market leader during the early showings of New York's legal online sports betting market.

Caesars is still packing a punch, despite dipping since its opening-week numbers, while DraftKings also has a significant share of the market (moreso than Caesars, in fact).

FanDuel's lead is such in New York, however, that its share is more comparable to that of Caesars and DraftKings combined.

The rest of the market is made up by the likes of BetMGM, PointsBet, Rush Street Interactive and Wynn Resorts, who are vying for a small segment between them.

Premium+ Connections
Premium
 
Premium
 
Premium
 
 
Premium
 
 
Premium
 
Premium
 
Premium
 
Premium Connections
Consultancy
Executive Profiles
Resorts World Las Vegas
Star Sports Group
Hard Rock Hotel & Casino Tejon
Follow Us

Facing Facts: Analysing figures from emerging gambling markets

Where is the gambling market on the rise, and are there any...

Taking Stock: A guide to lottery/iLottery operator and supplier prices

Gambling Insider tracks lottery/iLottery operator and suppli...

New Horizons Cover Feature: United Arab Emirates

With its first land-based casino set to open in 2027 and a n...

New Horizons Cover Feature: Brazil

Brazil performed quite the feat by getting its heavily delay...

The best of Malta at the Global Gaming Awards

Powered by Gambling Insider, the Global Gaming Awards are th...

Preview: SiGMA Malta 2024

A place in the winter sun: SiGMA returns to the home of iGa...

Company profile: Soft2Bet

Bill 55: Advantages and challenges for Maltese operators in...

Company profile: DS Virtual Gaming

DS Virtual Gaming is a leader in the gaming industry, utilis...