New York Sportsbooking, Empire State Again Sets New Record

Iterating the success and wisdom of its dual US stock market listing, Flutter’s FanDuel sportsbook remains the King of New York as the Empire State set a new online sports betting record in January – for the second month in succession.

Operators–led by far-ahead FanDuel and followed by DraftKings and Caesars– generated US$211.5 million (£166.91m) on a handle of US$1.79 billion (£1.42bn), up 9.5 percent, year-on-year; but down 3.9 percent on December’s mega US$2.04 billion (£1.6bn).

The net take in the state, with a population of just under 20 million people, was 41.6 percent more than the US$149.4 million (£117.9m) taken in January last year, and 12.3 percent more than December-just-gone’s record US$188.3 million (£148.6m).

FanDuel, processing US$867.1 million (£684.31m) in online bets and posting a net take of US$109.2 million (£86.18m), remained the Big Dog of New York by some margin.

360 iGaming

It was the first time that any of the state’s nine online sportsbooks have reported a US$100 million-plus month (£78.92m).

Massachusetts-origin DraftKings, which took US$663.8 million (£523.87m) in digital wagers, trailed in second with revenue of US$71 million (£56.03m).

Caesars, way back in third, clocked US$13.6 million (£10.73m) on a handle of US$198 million (£156.26m).

The list of nine was completed, in order of revenue, by BetMGM, Rush Street Interactive, PointsBet, Resorts World Bet, Bally Bet and fast-diminishing Wynn Interactive.

Despite the continuing success of online sportsbooking, and the valiant efforts of state Senator Joseph Addabbo, the prospect of 360 iGaming continues to elude the Empire State.

There’s no sight of iGaming provision in the latest Executive Budget of New York State Governor Kathy Hochul; although the prospect of the Big Apple hosting a brace of two new mega casino resorts in soon-time looks very real indeed.

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