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
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
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
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
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
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
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
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