$150 million bet with New York sportsbooks in one weekend
New York sportsbooks took $150 million in wagers from more than 650,000 accounts during the state’s online market opening weekend, according to figures released Tuesday by officials. the state.
Four sportsbooks – Caesars, DraftKings, FanDuel and Rush Street Interactive (BetRivers) – launched their mobile apps on January 8 in New York and a fifth, BetMGM, went live on Monday. Four other operators are in the process of completing licensing compliance.
According to New York’s Executive Budget, the state projects $249 million in sports betting revenue in 2022, including $200 million from licensing fees already collected. By 2027, the state expects the betting market to generate $518 million in tax revenue.
GeoComply, a company that provides location-based services to most US sportsbooks, said it tracked 1.2 million accounts created in New York in the past two weeks, with 87.8% of users new to betting. regulated athletes. During the first weekend of the NFL playoffs, there were 17.9 million geolocation transactions with New York sportsbooks, according to GeoComply.
“The momentum of the launch of sports betting in New York has continued and it is mostly local,” Lindsay Slader, general manager of gaming at GeoComply, said in a statement. “The vast majority of users are new to regulated sports betting in the United States. The data tells us that New Yorkers are abandoning illegal sports betting for the newer legal options, and the operators are also excelling at attracting newbie bettors.”
The launch of mobile sports betting in New York did not have an immediate impact on the New Jersey market. According to GeoComply, there have been 13.1 million geolocation transactions with New Jersey sportsbooks over the past two weekends since the New York launch, an increase of nearly 4% over the two weeks. -ends before New York goes live.
More than $1.2 billion was wagered in December with New Jersey sportsbooks.