New York Sports Betting Hits $1 Billion In Handle For Seventh Time
New York sports betting generated $143.3 million in gross gaming revenue in September. Online sports gambling in the Empire State surpassed $1 billion in handle for the seventh time since launching in January. The industry also generated more than $73 million of state tax revenue.
New York Sports Betting Hits $1 billion in Handle For Seventh Time. FanDuel generated $499.8 million in the betting handle and DraftKings Sportsbook NY $422.2 million. Caesars Sports Book NY generated only $163. 2 million and $18.6 million respectively.
New York Sports Betting Hits $1 billion in Handle For Seventh Time.
BetMGM, BetRivers, PointsBet, WynnBet and Resorts World Bet are the top three Betting Companies.
NY Gov. Kathy Hochul's budget for FY2023 projects the state would collect roughly $615 million in tax revenue from online sports betting. Experts expect sports gambling to generate around $17 billion in sports handle in 2022. For the year, NY sportsbetting has totaled $11.47 billion. New Jersey set the previous high of $10.9 billion in 2021.
