The state of New York set a record with $1.6 billion wagered in January, its first month of online sports betting, PlayNY.com reported Monday.
New York established the mark from Jan. 8-30. Seven sportsbooks currently operate in the state with another two waiting for clearance. Four of those — Caesars, FanDuel, DraftKings, BetRivers — were live on the day New York launched.
New York overtook the previous benchmark of $1.3 billion set by neighbor New Jersey last October. It also marks the first month since January 2020 that a state other than New Jersey led the U.S. in betting volume.
Industry insiders expected New York to break the record.
“New York supplanting New Jersey as the nation’s largest sports betting market was inevitable, but few thought it would take only three weeks,” PlayNY.com lead analyst Mike Mazzeo said. “Betting should calm some once football season ends and operators slow their promotional spending. Still, it’s clear that New York is going to be the flagship sports betting market in the U.S. for the foreseeable future.”
–Field Level Media