The Week In Sports Betting News: NY Set To Smash Handle Record

Written By Matthew Waters on January 31, 2022
sports betting news

Happy Monday, everyone. Sports betting news is exploding with recent state launches, plenty of new bills and the NFL playoffs.

That meant there was plenty to talk about on the LSR Podcast this week, including projections for New York that are already outdated, thanks to the massive action online books are seeing in the debut month.

Make sure to follow @LSPReport on Twitter to stay on top of all the latest US sports betting updates.

Top sports betting news: What will NY total in January?

New York’s mobile sportsbooks accepted nearly $1.2 billion in handle and $91.4 million in revenue through the first 16 days.

That means the six live NY sportsbooksPointsBet went live last Monday – should easily top the US record $1.303 billion bet with New Jersey sportsbooks during October. The next weekly update with results through Jan. 30 should be out Friday.

There was other big news involving NY sports betting last week as well:

Multiple revenue reports incoming

Both Colorado and Virginia should report their December results this week. Virginia sports betting results are usually available on the first of each month. The report on Colorado sportsbooks is already later than usual.

It will still be a while before we get a full picture of how US sports betting performed in December, though. Two top 10 US jurisdictions wait much longer than others to report.

Results for Illinois sportsbooks should be out in two weeks. Arizona‘s results are not expected until closer to the end of the month.

With 20 jurisdictions reporting so far, US handle is $5.1 billion with $241.2 million in revenue. Both numbers are up over last December but down sequentially from November. Last week’s reports included some rough results for Nevada sportsbooks in December and better revenue for Arizona sportsbooks in November than their first two months.

Last week’s top sports betting news: Louisiana live with mobile

The first mobile sports bets were accepted by online Louisiana sportsbooks on Friday, about three months after retail books launched.

Six sportsbooks made their debut in the first round of launches:

  • Barstool 
  • BetMGM
  • BetRivers
  • Caesars 
  • DraftKings
  • FanDuel

The first set of results should come around Feb. 17, when the Louisiana Gaming Control Board next meets. While Louisiana should come nowhere near the amount of activity New York saw at launch it should still be a big first weekend given former LSU quarterback Joe Burrow‘s presence in the AFC Championship with the Cincinnati Bengals.

ELYS working with Lottomatica in US

Elys Game Technology signed a binding term sheet to design, develop and service a sportsbook platform for Lottomatica‘s push into North America.

The partnership will drive shareholder value for both companies and could lead to more business in the future, Elys Chairman Mike Ciavarella said. Lottomatica is a leading operator in the Italian gaming market, which is where Elys has most of its operations.

Elys also submitted its US Gameboard platform for certification in New Jersey. Its recently acquired US Bookmaking will operate the sportsbook at Ocean Casino in Atlantic City.

Other top sports betting news

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Matthew Waters

Matthew Waters is a reporter covering legal sports betting and the gambling industry. Previous stops include Fantini Research and various freelance jobs covering professional and amateur sports in Delaware and the Philadelphia area.

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