New York Fails To Live Up To Super Bowl Betting Expectations

Initial predictions were that New York would reach stunning numbers on sports betting handles during Super Bowl LVII, but the state failed to deliver. 바카라사이트 Official data from the New York State Gaming Commission showed that the local sports betting firm bet just over US$100 million on online and in-person bets in last Sunday’s NFL championship game.

New York’s mobile sports betting market opened on January 8, 2022, and the state has quickly transitioned into a top regulatory jurisdiction for online sports betting. This led experts to predict that the continent’s largest sporting event would bring huge numbers and be worth $150 million, but failed to do so.

Over the Super Bowl weekend, nine online sportsbooks in New York handled a total of $99.1 million in digital bets, which totaled just $1.1 million in gaming revenue and $565,000 in tax revenue. Panduel was the most active app among operators with a bet handle of $42,839,279.99, reporting $763,335.82 in pre-tax revenue.

As usual, DraftKings ranked second with total processed bets of US$28,056,336 and turnover of US$337,663. Caesars Sportsbook comes close to third with volume of US$19,720,156 and revenue of US$334,638. Next was BetMGM, which came in fourth in terms of processing and revenue. Sportsbook reported total bets of US$5,394,514 and earnings of US$157,872.

Fifth place went to BetRiver, which accounted for US$1,588,408 of the total Super Bowl bets and had only US$24,141 in total revenue. And then there’s Pointbet, which processed $919,252 from online betting and earned $72,671 in revenue. Winbet recorded US$412,715 and US$65,221. Resorts WorldBet and BallyBet posted revenues of US$147,524 and US$19,932, and US$31,298 and US$2,427, respectively.

According to a recent report by GeoCompany, a geolocation provider, there were more than 100 million geolocation checks across the country over the Super Bowl weekend. Empire State accounted for the most, receiving 13.9 million cases from passionate bettors. In addition, the state created the second most unique account with 851,000 and did only better than Ohio.

Meanwhile, in retail sports betting, Schenectady’s Rivers Casino & Resorts handled bets worth just over US$700,000. Next came Delago Resorts & Casinos with US$358,000, followed by Resorts World Catskills with US$281,000, and Tioga Downs Sportsbook with less than $109,000. Land-based sportsbooks generated a total of US$1.5 million in Super Bowl bets.

It’s worth noting that the start of 2023 was quite good for Empire State’s four northern regional commercial casinos. NYSGC reports that casinos, not four tribes, have seen a 12% increase in gambling revenue compared to January 2022.

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