New York Mobile Sports Betting Brings in $1.6 Billion, New Operator Comes Live
A seventh mobile sports betting platform is set to launch in New York as the state’s mobile sports betting universe takes off, attracting a record $1.6 billion in wagers in less than a month of operation.
Wynn Interactive announced it was live in New York on Friday, about a week away from the Super Bowl, one of the biggest sports betting events across the country.
“New York represents a significant population of our Wynn Rewards members, and we are confident in our ability to compete in this market by providing the first-class service and in-game experiences synonymous with the Wynn Resorts brand,” the president of Wynn Interactive, Ian Williams. .
Six other mobile betting platforms and operators – Caesars Sportsbook, DraftKings, FanDuel, Rush Street Interactive (BetRivers), BetMGM and PointsBet – previously launched in New York after meeting all state regulatory requirements to do so.
The other two conditionally licensed mobile sports betting operators, BallyBet and Resorts World, will go live at a later date. They complete the nine operators announced in November as New York State’s mobile sports betting choice going forward.
Learn more about the NY launch:Mobile sports betting will launch in New York from January 8
New York betting market grows
Bettors gobbled up $1.6 billion in mobile sports betting in New York in the first three full weeks of operation, plus the opening weekend of Jan. 8-9, according to New York State data. Gaming Commission.
That beat New Jersey’s all-time best sports betting month of $1.3 billion in October 2021. according to the Associated Press. New Jersey previously led the nation in the number of bets at its race tracks and casinos, and legalized mobile sports betting in 2018.
“When we introduced mobile sports betting in New York, we were confident it would be a success, but to be able to break the national record for total sports betting management in a single month – in our very first month – with mostly just six sportsbooks, is both rewarding and exciting,” Sen. Joseph P. Addabbo, Jr., chairman of the NYS Racing, Gaming and Wagering Committee, said Friday.
“Breaking this record proves that New York was ready for mobile sports betting and we are providing our state with a new source of funding for income, education and addiction,” Addabbo continued.
On the way to mobile sports betting in New York:New York selects 9 providers for lucrative mobile sports betting. What happens next
Sports betting revenue is a boon for NY
In April, state officials approved mobile sports betting, and a call for proposals went out over the summer.
At the time of approval, officials estimated that allowing online betting could bring in up to $500 million in tax revenue annually.
Mobile betting operators will have to pay 51% of their revenue to the state, but even with that the anticipation of being able to operate in New York has been high, given the size of the state’s population, levels income and the number of sports. teams.
New Yorkers have been able to participate in in-person sports betting since 2019 at one of four licensed casinos in the state – Resorts World Catskills, del Lago in the Finger Lakes, Rivers in Schenectady and Tioga Downs in the Southern Tier.
Includes reporting by Joseph Spector.
Sarah Taddeo is the New York State Team Editor for the USA Today Network. Do you have a tip or a comment? Contact Sarah at STADDEO@Gannett.com or on Twitter @Sjtaddeo. This coverage is only possible with the support of our readers. Please consider becoming a digital subscriber.
