BetMGM Curbs NY Sports Betting Spend Over Tax Concerns
BetMGM is cutting investment in NY sports betting thanks to an unsustainable tax rate that works out at more than 100% of revenue. Read More
Posted on: May 17, 2022 |
Can Mobile NY Sports Betting Produce $500 Million In Tax Revenue?
It was never expected that the mobile NY sports betting market would be immune to the annual spring and summer revenue slowdown. That said, April’s numbers are far from disappointing, especially from the state’s perspective. Mobile handle hit its lowest monthly mark since launching in January at $1.39 billion, but an overperforming FanDuel helped push […] Read More
Posted on: May 9, 2022 |
FanDuel Expands Yankees Partnership To Include NY Sports Betting
FanDuel Sportsbook, the mobile NY sports betting market share leader, is now an official sports betting partner of the New York Yankees. The two announced the expanded multi-year agreement Monday morning. Along with the use of Yankees trademarks for New York sports betting, FanDuel will have premium VIP accommodations at Yankee Stadium, integrated signage in […] Read More
Posted on: April 26, 2022 |
NY Sports Betting Taxes Off To Slow Start In April
Mobile NY sports betting operators are off to a slow start in terms of revenue and taxes through the first 10 days of April. The eight online New York sportsbooks held just 2.1% of the $516.3 million bet through April 10. That is good for $11 million in sports betting revenue and $5.6 million in […] Read More
Posted on: April 19, 2022 |
Entain CEO: BetMGM NY Sports Betting Share In Line With Expectations
BetMGM share of the mobile NY sports betting market so far has been in line with expectations, Entain CEO Jette Nygaard-Andersen said. Nygaard-Andersen made the comments during Entain’s first-quarter trading update last week The report itself is short on details since London-listed companies do not need to provide specific financial information for first and third quarter updates. […] Read More
Posted on: April 14, 2022 |
Mobile NY Sports Betting Tax Bill Tracking Well For Projections
The mobile NY sports betting market has already contributed $163.6 million in taxes for education in under three months. The eight online New York sportsbooks combined for $58.3 million in taxes in March, which is 51% of the $114.3 million won by the books last month, according to the state’s report released Monday. The $1.638 […] Read More
Posted on: April 12, 2022 |
Caesars Sportsbook Ups NY Sports Betting Reach With Mets Partnership
Caesars Sportsbook announced Wednesday a multi-year deal to become an official NY sports betting partner of the New York Mets. The deal includes a 13,000-square-foot upscale “sportsbook lounge” that will open this season. The lounge will not include retail NY sports betting on-site but will be a space for fans to enjoy the Caesars Sportsbook […] Read More
Posted on: April 7, 2022 |
What Google Data Tell Us About US, Ontario Sports Betting Markets
Proprietary Google data reveals offshore brands still dominate US sports betting search, but maybe not for much longer. Read More
Posted on: April 7, 2022 |
Mobile NY Sports Betting Expansion On Back Burner For Now
An expanded mobile NY sports betting market is not expected to make the state budget, according to Sen. Joe Addabbo Jr. “It turns out that you don’t tinker with something that’s successful and it may be premature,” Addabbo told LSR Wednesday. “So we threw it out there, we looked at it, we analyzed it a […] Read More
Posted on: April 7, 2022 |
Mobile NY Sports Betting Sees Lowest Full Week Of Handle To Date
Mobile NY sports betting handle dipped to its lowest handle total in the week ending March 27 since the market launched in January. There was $327.8 million bet for the week at online New York sportsbooks, down 23.4% from the prior week’s $428 million bet. The decline is not stunning, considering the drop in March […] Read More
Posted on: April 5, 2022 |