New York and mobile sports betting activities have been a bit slow over the past few weeks. 릴게임 Most recently, the New York State Gaming Board reported total game revenue of US$270 million from online sports betting for the week ended June 5, 2022. It’s also the lowest weekly total game revenue in New York State since its launch.
Empire State’s mobile sports betting market has been going on for quite some time, and it finally materialized on January 8, 2022. A total of nine operators have been approved to operate on the market, of which eight are alive and contributing to the game’s steering wheel. And so far, the total handle of the market has reached an impressive US$6 billion.
New York’s mobile sports betting volume has slowed in recent weeks as the New York State Game Commission reports another low weekly processing. For the week ended June 5, 2022, eight operators totaled $27690,318. Summer is not a suitable month for sports events, so it is safe to say that this is expected.
Of the $270 million handles, only $10.76 million was converted to total game revenue. This is the lowest weekly price for the market launched this year. This handle is lower than the two-day release released in January. But regulators expect total game handles and regular handles to return to normal with the fall football season.
FanDuel is another leader in the largest steering wheel segment with US$117,247,862, according to a recent report by the state commission that ended June 5, 2022. Second place went to DraftKings with a fairly low US$74,132,661, Caesars Sportsbook was third with US$40,573,584, and BetMGM was fourth with US$23,599,49.
In terms of total game revenue, FanDuel once again topped the list with $6,765,992 in the week ahead. DraftKings posted cumulative revenue of $2,724,352, while Caesars Sportbook posted weekly statistics of $171,657, indicating a significant drop in GGR. This beat the $7,774 mark, with the app taking third-place BetMGMGMGMG.
From January 8, 2022 to June 5, 2022, when the market opened, the total game revenue amounted to US$541,225,254. Empire State’s after-tax revenue amounts to more than US$250 million, as online operators are legally taxed at 51%. This is second only to Pennsylvania in terms of revenue since launch.
But New York’s mobile sports betting market will be boosted by the integration of Bally Bet, the last ninth operator not yet applied to the state framework. The company recently provided an update that it expects to complete its market launch by the second quarter of 2022 ending June 30, 2022.