New York sports betting boosts in August

Added: September 13, 2022

This August New York managed to stop its online sports betting and revenue for 4 months fell, although figures for every month were yet the 2nd lowest one on the record.

The amount that was spent by the players was 872.2 million dollars which in comparison with July’s 800.8 million dollars was more by 8.9%, but this is slightly less than the $1.67 billion recorded at the beginning of the year, when NY officially released its legal market.

Last month was reported to be the 2nd month when New York did not issue its revenues exceeding 1 billion dollars while previous months exceeded the figure.

The GGR for last month amounted to 99.6 million dollars which was 35.3% higher from July’s 73.6 million dollars.

During last month the betting company FanDuel kept its first position 46.6 million dollars profit from stakes which were valued at 374.6 million dollars. DraftKings was next one with its 25.9 million dollars profit which was generated from 244.5 million dollars in player wagers.

Then there was betting brands like Caesars, BetMGM, PointsBet, Rush Street and Wynn.

And at last there is BallyBet who was released in New York in the middle of July and had its 1st full month. The brand reported 97,502 dollars income with 1 million dollars handle.

DraftKings, FanDuel