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Sportsbook

New York sports betting generates $1.18bn of gross revenue in first 16 days

Tuesday 01 de February 2022 / 07:06

2 minutos de lectura

(New York).- The New York State Gaming Commission has confirmed that the first 16 days of sports betting in the state saw players spend a total of $1.18bn with gross revenue coming in at $91.4m, making it on course to secure the highest handle of any state in a month.

New York sports betting generates $1.18bn of gross revenue in first 16 days

Caesars Interactive was the frontrunner with a market share in terms of handle of 41 per cent and a revenue share of 46 per cent. FanDuel was next with a 31 per cent handle share and 26 per cent revenue share, with DraftKings coming third with 23 per cent handle share and 24 per cent revenue share.

In fourth place was BetMGM with a low revenue share of only three per cent and three per cent handle share, although it missed the first week of operations. BetRivers came last with 1.9 per cent of handle, 1.3 per cent of revenue.

BetMGM CEO Adam Greenblatt said: “We’re delighted with how it’s gone. We’ve broken all of our records. It was the best first day of any live launch, we broke records for most registrations, for most first-time depositors, for deposits, for bets, for handle.”

Over 1.2m people opened new accounts across the five sportsbooks with 878,000 unique players. PointsBet became the sixth operator live in New York when it launched on January 24.

Categoría:Sportsbook

Tags: Sin tags

País: United States

Event

SBC Summit Americas 2025

13 de May 2025

Uplatform Aims to Redefine iGaming Success with Networking, Localization, and Customer Journey Mapping

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Monday 16 Jun 2025 / 12:00

ProntoPaga Drives the Fintech Revolution with SmartPIX and SmartRouting in LATAM

(Fort Lauderdale, SoloAzar Exclusive).- Evans Concha, CTO and Founder of Pronto Paga, shared the main innovations launched this year and how they impact the regional fintech industry. With a firm commitment to new technologies and cybersecurity, the company is positioning itself as a leader in the sector. Discover how it is redefining the future of digital payments in this article.

Friday 13 Jun 2025 / 12:00

Pay4Fun consolidates its position as a 100% Pix Payment Gateway and expands its reach in LatAm

(Fort Lauderdale, SoloAzar Exclusive).- Pay4Fun strengthens its position as a 100% Pix payment gateway with direct integration with the Central Bank, guaranteeing maximum security and efficiency in transactions. At SBC Summit Americas, Leonardo Baptista highlights the role of networking and innovation in an environment where technology and regulation are key. Discover how Pay4Fun is shaping the future of digital payments.

Thursday 12 Jun 2025 / 12:00

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