New York Mobile Sports Betting Hauls $600 Million in Two Weeks

New York Mobile Sports Betting Background
Mobile sports betting is off to a fantastic start in New York, taking in more than $600 million in total bets during its first nine days of operation.

According to the state Gaming Commission, a total of $603.1 million was wagered from the January 8th launch up to the cutoff date of January 16, 2022. Those figures suggest that New York mobile sports betting could be on track to break the monthly record of $1.3 billion in betting handle set by New Jersey last October 2021.

On the average, New York generated $86.2 million in bets per day which is twice as much as what New Jersey produced when it broke the monthly mobile sports betting handle three months ago.

Full Month Projection Could Exceed $1.2 Billion

The $603.1 million figure represents the total betting handle for the four currently operating mobile sportsbooks in the state- FanDuel, DraftKings, Caesars Sportsbook, and Rush Street Interactive. It does not include the figures from BetMGM which launched only on January 17th, or one day after the cutoff for the said report.

Including BetMGM, a full month betting handle projection for New York could easily surpass $1.2 billion which only record-setter New Jersey has been able to accomplish in previous months. Aside from potentially breaking the monthly mobile sports betting handle record, New York’s mobile sports betting is also on track to break other national sports betting records.

Caesars’ Glitch

New York’s two-week figures could have even been higher if not for the glitches that the Caesars Sportsbook experienced during the period. These issues prevented several customers from making sports bets while others complained of late withdrawal processing and long waiting times in live customer service chats.

In a statement, Caesars acknowledged the issues and faulted the the unprecedented scale of New York sports bettors which was too much for their platform to handle. According to the gambling company, the N.Y. scale exposed glitches in their platform and they have since made numerous updates to improve customer service.