New York Closing In On $5 Billion in Mobile Sports Bets

New York Closing In On $5 Billion in Mobile Sports Bets
© USA Today

In the first quarter of this year, mobile sports betting in New York eclipsed $4.68 billion in bets placed.

That record-setting handle includes three online sportsbooks that accepted more than $1 billion each in bets during the first three months of 2022, according to totals released Friday by the New York State Gaming Commission.

The three in New York’s billion-dollar club are:

New York Launches Mobile Wagering in January

Though sports betting has taken place inside upstate New York casinos since 2019, mobile wagering wasn’t legal until Jan. 8 this year.

Of the nine online sportsbooks authorized to accept bets in the state, eight are operational. The ninth, BallyBet New York, is expected to be up and running in New York within weeks.

Weekly Totals Dip With Fewer March Madness Games

From March 21-27, the eight online sportsbooks accepted $327.8 million in wagers.

That weekly total is down from the $427.9 million wagered statewide on mobile devices one week earlier.

The higher total from March 14-20 can likely be attributed to betting enthusiasm during the opening week of the NCAA men’s March Madness basketball tournament. The opening week included a full slate of games.

The Saint Peter’s Peacocks from nearby Jersey City, New Jersey, also began their Cinderella run that week, sending some New Jersey bettors with their smartphones across the state line into New York to wager.

It is illegal in New Jersey to bet on in-state college teams like the Peacocks.

One week later, during the March 21-27 period, Saint Peter’s played two tournament games, beating Perdue before losing an Elite Eight matchup against North Carolina.

However, the March 21-27 week featured fewer overall March Madness Games than the previous week.

New York Mobile Sports Betting, March 21-27

Mobile handle GGR
FanDuel $133,100,095 $9,530,287
DraftKings $83,046,206 $1,859,707
Caesars $56,915,566 $2,277,522
BetMGM $36,354,194 minus-$432,577
BetRivers $8,040,398 minus-$48,365
PointsBet $7,297,398 $460,360
WynnBet $1,973,837 $193,592
Resorts World $1,108,773 $87,231
Totals $327,836,467 $13,927,758

New York Sports Betting Jan. 8-March 27

Mobile handle GGRTaxes
FanDuel $1,689,810,199 $110,012,341 $56,106,294
Caesars $1,200,309,806 $98,398,278 $50,183,122
DraftKings $1,146,480,314 $79,101,231 $40,341,628
BetMGM $391,256,490 $11,771,752 $6,003,594
PointsBet $128,127,049 $8,360,625 $4,263,919
BetRivers $108,082,273 $4,609,306 $2,350,746
WynnBet $13,789,025 $1,844,451 $940,670
Resorts World $4,524,603 $453,470 $231,270
Totals $4,682,379,757 $314,551,455 $160,421,242

Top 10 Sports Betting States

New York’s standing as the leading sports betting state in the nation is evident in the Top 10 rankings from February.

In states that allow mobile and on-site sports betting, 80-90% of wagers are made on mobile devices. That's why many other states including Ohio and Maryland are looking to regulate sports betting. It's safe to say that we'll see Maryland sportsbooks apps help the state join this list.

  1. New York: $1.53 billion
  2. New Jersey: $985.6 million
  3. Nevada: $780.8 million
  4. Pennsylvania: $597 million
  5. Colorado: $440.5 million
  6. Michigan: $423.8 million
  7. Indiana: $409.1 million
  8. Virginia: $401.9 million
  9. Tennessee: $313.3 million
  10. Louisiana: $238.4 million

The list was compiled by Ben Fawkes, VSiN’s vice president, digital content. Las Vegas-based VSiN is owned by DraftKings.