New York records $1.54 billion online sportsbetting handle for February

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Online sportsbetting aficionados in the eastern American state of New York reportedly altogether staked some $1.54 billion on wagers last month thanks in large part to increased interest surrounding Super Bowl LVI.

According to a source citing official figures from the New York State Gaming Commission, the figure covering January 31 to February 27 nevertheless represented a drop of 5.5% when compared with the combined $1.63 billion that was staked over the course of the 23 days after the jurisdiction legalized online sportsbetting on January 8.

Considerable choice:

New York online sportsbetting fans have reportedly been able to place wagers with the sites at FanDuel.com, WilliamHill.com, DraftKings.com and BetRivers.com since January 8 while BetMGM.com launched its own service for ‘The Empire State’ some nine days later. The rival domains at PointsBet.com and WynnBet.com purportedly went live for such sports wagering punters on January 25 and February 2 respectively with the entire seven-site club having produced aggregated gross gaming revenues for the 28-day period of approximately $91.7 million.

Subsequent sink:

Home to more than 20 million people, New York reportedly chalked up aggregated online sportsbetting handle of about $1.98 billion for the 30 days from January 8, which was comfortably beyond the previous monthly record of almost $1.31 billion set by the neighboring state of New Jersey in October. However, this period may have purportedly represented something of a high-water mark as the state’s aggregated gross gaming revenues came in some 18.9% higher than the more recent tally at $113 million.

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Pronounced pair:

Regarding the big players in New York last month and the source reported that the FanDuel.com domain from Flutter Entertainment-owned iGaming operator FanDuel Group led the way with handle of $568.3 million to produce revenues of about $26.6 million. This was purportedly followed by the $390 million in handle from DraftKings Incorporated’s DraftKings.com site to generate state-leading receipts of $31.8 million.

Curtailed competitors:

Las Vegas-headquartered Caesars Entertainment Incorporated reportedly moreover had a successful February in New York as its WilliamHill.com domain racked up revenues of $22.9 million via the processing of bets worth $328.4 million. The BetMGM.com site from MGM Resorts International purportedly saw its handle of $154.4 million lead to takings of $4.1 million while the PointsBet.com service from PointsBet USA recorded figures of $52.5 million and $3.3 million respectively.

The data from the New York State Gaming Commission reportedly furthermore showed that Rush Street Interactive Incorporated’s online sportsbetting domain at BetRivers.com generated revenues of $2.2 million last month off of some $37.2 million in handle while the WynnBet.com service from Wynn Resorts Limited chalked up associated receipts of $731,043 from wagers totalling $4.7 million.

Extra entrant:

Finally, the online sportsbetting scene of New York reportedly became even more crowded last week following the launch of the ResortsWorldBet.com service from Genting Malaysia Berhad, which was already responsible for the state’s slots-only Resorts World New York City property. This purportedly means that Bally’s Corporation remains the sole firm to yet premiere an online sportsbook despite having been granted a license in November.

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