Sunday, October 1, 2023
  • Nasdaq FintechZoom
  • Dow Jones FintechZoom
  • Gold Price FintechZoom
  • Luxury FintechZoom
  • Investment FintechZoom
  • Money FintechZoom
  • Silver Price FintechZoom
[email protected]
 FintechZoom
  • MARKETS
    • Trading
    • Stock Futures
    • Exchange Traded Fund (ETF)
    • Best Stocks To Buy Now
    • Penny Stocks
    • Forex Market
    • Bonds & Rates
    • Stock Market Guides
    • Commodities
      • Brent Crude Oil Price
      • WTI Crude Oil Price
    • Breaking Stock Market News
    • Reviews in Stock Market
    • Asian Markets
    • European Markets
    • US Markets
  • WORLD INDICES
    • DAX PERFORMANCE-INDEX
    • Russel 2000 (RUT)
    • STOXX Europe 600 (SXXP)
    • Euro Stoxx 50
    • CAC 40 Index (FCHI)
    • FTSE 100 Index
    • Nikkei 225 Index
    • HSI – Hang Seng Index
    • NSE Nifty 50 Index
    • NASDAQ Composite Index
    • Dow Jones (INDEXDJX: .DJI)
    • S&P 500 Index
    • ASX – Australian
    • Shanghai Index (SSE)
  • BUSINESS
  • CRYPTO
    • Metaverse
    • Tokens
    • Crypto Reviews
    • NFT : Non-Fungible Tokens
    • Stablecoins
    • Blockchain
    • Ethereum
    • Buy Bitcoin
    • Best Crypto
    • Bitcoin
    • Altcoins
  • MONEY
    • Insurance
    • Taxes
    • Mortgages
    • Loans
    • Personal Finances
    • Credit Cards
    • Interest Rates
  • BANKING
    • Banks Near Me
    • Payments
    • ATM Near me
    • Best Banks
    • Banks Guides
    • Transfer Money Online
    • Mobile Banking
    • Digital Bank
    • Secure Bank Login
  • TECH
    • Social Media
    • Login
    • Error Pages
    • Is It Down?
    • Download
    • Settings
  • LUXURY
    • Luxury Food & Drink
    • Luxury Watches
    • Luxury Cars
    • Luxury Style
    • Luxury Motors
    • Luxury Travel
    • Luxury Tech
  • LIFESTYLE
    • Travel
    • Entertainment
    • Health
    • Cars
    • Near Me
    • Life
    • Weather Tomorrow
  • INVESTMENT
    • Real Estate
    • Famous Investors
  • ABOUT US
    • Why Fintech Zoom?
    • What is FintechZoom?
    • Advertise with Us
    • Careers in FintechZoom: Carving Your Path
    • Fintech Zoom Logo
    • FintechZoom PRO
    • FintechZoom Contacts: Best Ways to Connect with FintechZoom
No Result
View All Result
  • MARKETS
    • Trading
    • Stock Futures
    • Exchange Traded Fund (ETF)
    • Best Stocks To Buy Now
    • Penny Stocks
    • Forex Market
    • Bonds & Rates
    • Stock Market Guides
    • Commodities
      • Brent Crude Oil Price
      • WTI Crude Oil Price
    • Breaking Stock Market News
    • Reviews in Stock Market
    • Asian Markets
    • European Markets
    • US Markets
  • WORLD INDICES
    • DAX PERFORMANCE-INDEX
    • Russel 2000 (RUT)
    • STOXX Europe 600 (SXXP)
    • Euro Stoxx 50
    • CAC 40 Index (FCHI)
    • FTSE 100 Index
    • Nikkei 225 Index
    • HSI – Hang Seng Index
    • NSE Nifty 50 Index
    • NASDAQ Composite Index
    • Dow Jones (INDEXDJX: .DJI)
    • S&P 500 Index
    • ASX – Australian
    • Shanghai Index (SSE)
  • BUSINESS
  • CRYPTO
    • Metaverse
    • Tokens
    • Crypto Reviews
    • NFT : Non-Fungible Tokens
    • Stablecoins
    • Blockchain
    • Ethereum
    • Buy Bitcoin
    • Best Crypto
    • Bitcoin
    • Altcoins
  • MONEY
    • Insurance
    • Taxes
    • Mortgages
    • Loans
    • Personal Finances
    • Credit Cards
    • Interest Rates
  • BANKING
    • Banks Near Me
    • Payments
    • ATM Near me
    • Best Banks
    • Banks Guides
    • Transfer Money Online
    • Mobile Banking
    • Digital Bank
    • Secure Bank Login
  • TECH
    • Social Media
    • Login
    • Error Pages
    • Is It Down?
    • Download
    • Settings
  • LUXURY
    • Luxury Food & Drink
    • Luxury Watches
    • Luxury Cars
    • Luxury Style
    • Luxury Motors
    • Luxury Travel
    • Luxury Tech
  • LIFESTYLE
    • Travel
    • Entertainment
    • Health
    • Cars
    • Near Me
    • Life
    • Weather Tomorrow
  • INVESTMENT
    • Real Estate
    • Famous Investors
  • ABOUT US
    • Why Fintech Zoom?
    • What is FintechZoom?
    • Advertise with Us
    • Careers in FintechZoom: Carving Your Path
    • Fintech Zoom Logo
    • FintechZoom PRO
    • FintechZoom Contacts: Best Ways to Connect with FintechZoom
No Result
View All Result
FintechZoom
No Result
View All Result

Legal NY Mobile Sports-Betting Yields $3B In Wagers in First Two Months

Alex Lowe by Alex Lowe
March 22, 2022
in Money
0

Home » Legal NY Mobile Sports-Betting Yields $3B In Wagers in First Two Months

The New York State Gaming Commission has announced that mobile sports betting providers in the state have handled $3.1billion in bets and made $204.6 million in gross gaming revenue. 

As the Empire State’s sports betting tax rate is set at 51%, over $104.3 million has been generated in tax revenue. 

The total handle for the week ending February 27 was $350,316,283 –  a $3 million decrease compared to the total handle for the week ending February 20. However, with March Madness starting on March 15, many expect online sports betting platforms in New York to see another boom in the coming weeks. 

Legal Online Sports Betting in January Broke Handle Record

New Yorkers wagered over $1.6 billion using betting wagering apps in the first month since their launch. 

After smashing previous records set by neighboring state New Jersey ($1.3 billion in October 2021), the Empire State has become the US sports betting capital.  A New York gambling bill which would legalize online casinos in the state is also in the works.

New York Online Sports Betting Providers

The New York  Gaming Commission released individual revenue reports for all the licensed sportsbooks in New York – Caesars Sportsbook NY, DraftKings Sportsbook NY, FanDuel NY, BetMGM, WynnBET NY, PointsBet NY, and BetRivers NY –  for the month ending on Feb. 27.

RelatedPosts on FintechZoom

The Best Mortgage Calculators for Accurate Results

Is Discover a Good Credit Card? Is it Worth it?

Which Site is the Best to Earn Money Online?

10 Lifestyle Changes That Will Help You Save Money and Improve Your Financial Health

Smart Strategies: How to Save Money When Building a House

Financial Services Firms Want Fraud Prevention Taught in Schools to Help People Better Protect their Money

Total handles for each sportsbook for the last week of February (ended on Feb. 27):

  • FanDuel: $131,988,617
  • DraftKings: $87,378,019
  • Caesars: $68,267,344
  • BetMGM: $37,841,561
  • PointsBet: $14,359,673
  • BetRivers: $8,481,025
  • WynnBET: $2,000,044

 Total handles for each sportsbook since the launch (January 8):

  • FanDuel: $1,070,090,197
  • Caesars: $943,947,477
  • DraftKings: $757,616,486
  • BetMGM: $232,539,490
  • PointsBet: $81,996,415
  • BetRivers: $69,592,390
  • WynnBET: $4,861,510

Mobile Sports Betting Revenues

For the week of Feb. 27, New York sportsbooks reported a total of $25,337,467 in gross gaming revenue.

Gross gaming revenues for the last week of February (ended on Feb. 27):

  • FanDuel: $10,438,399
  • DraftKings: $7,357,054
  • Caesars: $4,031,201
  • BetMGM: $1,909,477
  • PointsBet: $691,921
  • BetRivers: $598,149
  • WynnBET: $311,265

From Jan. 8 to Feb. 27, the total gross gaming revenues have been reported at $204,685,062, a total of more than $104.3 million in taxes for the state.

Total gross gaming revenues since the Jan. 8 launch:

  • Caesars: $78,739,334
  • DraftKings: $58,931,947
  • FanDuel: $50,256,347
  • BetMGM: $7,335,922
  • PointsBet: $5,672,673
  • BetRivers: $3,017,796
  • WynnBET: $731,043

The March-Madness Effect

Although New York does not allow bettors within the state to wager on college games featuring in-state teams and prohibits college player prop bets, the NCAA March Madness tournament is projected to generate a handle of $560 million. However, many NY bettors will circumvent these rules by placing wagers using offshore betting sites such as BetOnline or BetUS – as many did before online sports betting had launched in the Empire State.

If you’re thinking of doing this, make sure you use a platform that is reputable and suits your betting style. To quickly find a provider that’s right for you, check online sportsbook reviews at independent US sports betting sites like Vegas-Odds.com.

When Does March Madness Begin? 

Selection Sunday takes place on March 13, before the First Four games on March 15. Therefore, the first mobile sports betting report that will include the March Madness handle will be released on March 25. The college basketball tourney will also have an impact on April’s sports betting handle as the championship game takes place on April 4 at Caesars Superdome in New Orleans, Louisiana. 

Alex Lowe

Alex Lowe

Alex is a financial writer covering forex. He is a expert financial journalist whose credits include Bloomberg, FT of London, Chicago Tribune. Contact: [email protected]

Related Posts

The Best Mortgage Calculators for Accurate Results | FintechZoom

The Best Mortgage Calculators for Accurate Results

September 28, 2023
is discover a good credit card? Is it Worth it? | FintechZoom

Is Discover a Good Credit Card? Is it Worth it?

September 20, 2023

Which Site is the Best to Earn Money Online?

August 8, 2023

10 Lifestyle Changes That Will Help You Save Money and Improve Your Financial Health

August 7, 2023

Smart Strategies: How to Save Money When Building a House

July 17, 2023

Financial Services Firms Want Fraud Prevention Taught in Schools to Help People Better Protect their Money

July 4, 2023

Americans Show Optimism as Inflation Eases and Economy Recovers

June 16, 2023

Understanding Hedge Funds: What Are They and How Do They Work?

June 16, 2023

An Overview of the Consumer Price Index in May: A Comprehensive Analysis

June 13, 2023
Next Post
espn

Disney Could Go All-In on Sports Betting to Revitalise ESPN

Investment app

What is a Robo Advisor

Youtube

Useful tips on how to increase and boost engagement on your YouTube channel

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • About Us
  • Advertise
  • Careers
  • Terms and Conditions
Call us: + 1 917 9939840

© 2016-2023 FINTECHZOOM

No Result
View All Result
  • MARKETS
    • Trading
    • Stock Futures
    • Exchange Traded Fund (ETF)
    • Best Stocks To Buy Now
    • Penny Stocks
    • Forex Market
    • Bonds & Rates
    • Stock Market Guides
    • Commodities
      • Brent Crude Oil Price
      • WTI Crude Oil Price
    • Breaking Stock Market News
    • Reviews in Stock Market
    • Asian Markets
    • European Markets
    • US Markets
  • WORLD INDICES
    • DAX PERFORMANCE-INDEX
    • Russel 2000 (RUT)
    • STOXX Europe 600 (SXXP)
    • Euro Stoxx 50
    • CAC 40 Index (FCHI)
    • FTSE 100 Index
    • Nikkei 225 Index
    • HSI – Hang Seng Index
    • NSE Nifty 50 Index
    • NASDAQ Composite Index
    • Dow Jones (INDEXDJX: .DJI)
    • S&P 500 Index
    • ASX – Australian
    • Shanghai Index (SSE)
  • BUSINESS
  • CRYPTO
    • Metaverse
    • Tokens
    • Crypto Reviews
    • NFT : Non-Fungible Tokens
    • Stablecoins
    • Blockchain
    • Ethereum
    • Buy Bitcoin
    • Best Crypto
    • Bitcoin
    • Altcoins
  • MONEY
    • Insurance
    • Taxes
    • Mortgages
    • Loans
    • Personal Finances
    • Credit Cards
    • Interest Rates
  • BANKING
    • Banks Near Me
    • Payments
    • ATM Near me
    • Best Banks
    • Banks Guides
    • Transfer Money Online
    • Mobile Banking
    • Digital Bank
    • Secure Bank Login
  • TECH
    • Social Media
    • Login
    • Error Pages
    • Is It Down?
    • Download
    • Settings
  • LUXURY
    • Luxury Food & Drink
    • Luxury Watches
    • Luxury Cars
    • Luxury Style
    • Luxury Motors
    • Luxury Travel
    • Luxury Tech
  • LIFESTYLE
    • Travel
    • Entertainment
    • Health
    • Cars
    • Near Me
    • Life
    • Weather Tomorrow
  • INVESTMENT
    • Real Estate
    • Famous Investors
  • ABOUT US
    • Why Fintech Zoom?
    • What is FintechZoom?
    • Advertise with Us
    • Careers in FintechZoom: Carving Your Path
    • Fintech Zoom Logo
    • FintechZoom PRO
    • FintechZoom Contacts: Best Ways to Connect with FintechZoom

© 2016-2023 FINTECHZOOM

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?