New York State Gaming Commission disclosed that for the week concluding on November 12, 2023, the state’s current eight operators contributed to US454.1 million in betting handle. In its first year, the market produced just over US$900 million in tax revenue from betting and operator licensing fees.
The sector allows for a total of nine sportsbooks to offer and accept digital wagers on various sporting events. However, this led to an increase in profits, which spiked by 16.1% to US$43.9 million from the previous seven-day period.Īt the start of the new 2024, the Empire State will be celebrating its second anniversary since the launch of the regulated mobile sports wagering market.
For the said week, the state saw a slight decrease in total betting volume of around 5% from the prior week.
Latest reports on New York’s online sports betting market, confirm that the week ending on November 12, 2023, was still a busy one.
