Return of the King Boosts New York Sports Betting Revenue
No doubt boosted by the return of the king, American Football, sports betting revenue in New York State hit a record US$143.3 million in September (£129.11m/€147.14m).
Sports wagering GGR last month was 15.5 per cent higher than the previous monthly high of US$124.1 million, which was set in January this year when online sports gambling was first legalised in the Empire State, and was a massive near-44 per cent more than the US$99.6 million of August.
As in May, the monthly handle was well over a billion dollars, coming in precisely at US$1.26 billion (£1.13bn/€1.29bn) – up a tad over 44 per cent on August’s US$872.2 million grab.
FanDuel, owned by Irish-origin Flutter Entertainment, was once again the undisputed New York State market leader, garnering US$65.7 million from almost half-a-billion-dollars in wagers.
DraftKings, reportedly in merger discussions with Disney-owned ESPN sports broadcaster, came a distant second: pulling-in GGR of US$44.9 million (from a handle of US$422.2 million); trailed by Caesars Sportsbook, US$18.6 million and BetMGM, US$8.6 million.
Rush Street Interactive followed with US$3.7 million; then PointsBet, US$1.7million; Wynn Interactive, taking GGR of US$685,306; Resorts World, with US$394,796; while Bally Bet brought up the rear with US$144,756.
Meantime, in the great American Mid-West, the state of Iowa saw a spectacular rise of nearly 346 per cent in sports betting GGR in September, year-on-year.
According to the Iowa Racing and Gaming Commission, sports betting revenue, most of it online, reached US$25.4 million in the month, up from US$5.7 million in September 2021.
Players spent a total of US$177.6 million gambling online and, once again, FanDuel’s sportsbook led the way, generating GGR of US$6.5 million from a handle of US$43.2 million.
Latest tax stats show that regulated sports betting raised US$1.7 million of revenue for the Hawkeye State during July.