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New York Takes Less Than a Month to Smash US Monthly Betting Handle Record

11 february 2022
Author: James Burton
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Since betting became legal in the state of New York, it was predicted that this activity will break the records among customers. Recently, local gamblers did set a new national record only 23 days after the industry’s legalisation by bringing in 1.63 billion USD.

New York smashes US monthly betting handle record

Record-Breaking Numbers

The New York players have beaten an October record that was established by punters from New Jersey. Since the customers of bookmakers' resources that reside in that state have gathered 1.30 billion USD, it is safe to say that Big Apple's enthusiasts have surpassed these numbers by a margin.

The commissioners of New York provided some more information about the state's gambling situation by confirming that the GGR of less than a month after the activity's legalisation has rounded up to 113 million USD.

These statistics were taken from the experiences of multiple online sportsbooks, which officially began functioning on the day the activity was made legal, although some of them launched later.

Brand Statistics

Caesars Sportsbook became the main competitor in New York jurisdiction by gaining 615.5 million USD in a relatively short period of 23 days. The official runner-up was FanDuel, the customers of which have managed to bring in 501.8 million USD. Finally, the third-placed company was DraftKings with the official stats of 367.7 million USD.

Some of the other prominent brands that succeeded in New York were BetMGM, the earnings of which amounted to 78.1 million USD, and its colleague Rush Street with an income of 32.4 million USD.

Like the previous company, PointsBet has also earned 32.4 million USD in a short period of time. It is explained by the fact the brand was officially launched towards the end of January and had less time to succeed than its fellow businesses.

Future Plans for New York Market

Currently, the gambling commission is strongly focused on this freshly launched market by providing frequent updates on its state. It is predicted that the local industry will further grow and develop.

One of the main pointers for the future development of the market is the rapid growth of the WynnBet brand, which has recently rolled out its sports betting resource in the jurisdiction. It is available for New York-based punters via a mobile app or a desktop website.

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