Betting volume remains robust at sportsbooks across New York during mid-August.
Fresh Take:
Mobile sports betting in New York rocks August, reports reveal!
New York's Sports Betting Golden Run in August
Gather around, sports enthusiasts! The New York State Gaming Commission has pulled back the curtains on the latest sports betting figures for the week ending August 21, and let me tell you, it's a rollercoaster ride - in a good way!
The Commission shared that the total betting handle for the week reached a whopping $200.1 million — the first week breaching the $200 million mark since a brief slump witnessed in the past month and a half. Moreover, mobile betting Gross Gaming Revenue (GGR) skyrocketed to $24.4 million, marking the highest result in the last month!
Compared to the figures reported a week prior, with betting handle at $197 million and mobile betting GGR at $21.1 million, the recent results represent a tiny increase. Nevertheless, these numbers underscore the continuing growth and potential of New York's mobile betting market!
Betting Powerhouses Unleashed
Unsurprisingly, premier sportsbook operator FanDuel snagged the top spot for the best betting handle, tallying an impressive $85.5 million for the week, translating to a mobile sports betting GGR of $12 million. The runner-up, DraftKings, followed closely with a betting handle of $55.3 million, yielding a GGR of $6.6 million.
Caesars Sportsbook made a strong showing, securing third place on the podium with a betting handle of $26.9 million, generating a GGR of $3 million. BetMGM and Rush Street Interactive also displayed a strong presence in New York's mobile sports betting landscape, recording betting handles of $17.1 million and $6.8 million, respectively, along with mobile betting GGR of $2.1 million and $545,000.
The Rise of New York's Mobile Sports Betting Empire
Remember back in January when New York finally welcomed mobile and online sports betting into the game? Since then, the market has proven its outstanding potential, consistently surpassing betting handle and GGR records set in states where betting has been legal for years.
Brick-and-mortar sportsbooks currently get taxed at a rate of 10%, while online sportsbooks buckle under a 51% tax burden.
While precise weekly metrics haven't been explicitly disclosed, the latest data shows New York's licensed mobile operators (FanDuel, DraftKings, Caesars, BetMGM, and Rush Street Interactive) competing fiercely to dominate the scene, with FanDuel, DraftKings, and Caesars typically leading the pack.
Keep your eyes on this market as it continues to unfold! The future of mobile sports betting in New York is anything but dull. Buckle up and enjoy the ride!
- The highest mobile betting GGR in the past month was reported for the week ending August 21, reaching an impressive $24.4 million.
- FanDuel, a premier sportsbook operator, secured the top spot in betting handle with $85.5 million for the week, generating a mobile sports betting GGR of $12 million.
- The New York State Gaming Commission revealed that the total betting handle for the week ending August 21 was a remarkable $200.1 million, marking the first week to surpass $200 million since a brief slump earlier this year.
- Since the launch of mobile and online sports betting in January, New York's market has shown exceptional potential, frequently surpassing records set in states where betting has been legal for longer periods.
