New Yorkers wagered $472.1 million over the Super Bowl week, which took place on Sunday, February 13. The figures were released by the New York State Gaming Commission, tasked with overseeing the market, in a weekly update last Friday.
The week ending 02/13 has now posted the second-highest handle for the state, behind the week ending 01/23, in which bets totaled $572.5 million. However, sportsbook made $15.4 million in mobile sports wagering GGR over the Super Bowl weekend, the second-lowest so far.
Mobile sports wagering handle to date since the state legalized the market on January 8 has accumulated to $2.5 billion in bets. Sportsbooks have made $153.9 million in GGR from said bets so far. Mobile sports gaming is taxed at 51%, one of the highest rates in the US.
Most New Yorkers chose FanDuel for mobile sports betting, which posted $175.4 million in handle, followed by DraftKings ($121.5 million) and Caesars ($107.2 million). BetMGM followed at $43.3 million in bets, while PointsBet posted $12.1 million in handle. Rush Street handled $11.5 million in bets, and WynnBET managed $1.1 million.
However, in terms of mobile sports GGR, DraftKings placed first ($11.3 million), followed by Caesars ($5.8 million), PointsBet ($880,727), RushStreet ($284,625) and WynnBET ($174,062). BetMGM posted a $362,488 loss, while FanDuel posted a $2.7 million loss.
Since Jan. 8 launch, sports betting has taken over in New York, quickly becoming the country’s top market. New Yorkers wagered almost $2 billion in sports during the first 30 days of legalized mobile betting. The figures set a new record, with New York now being the state that has posted the highest handle for a 30 day period and, most notably, just in its first 30 days since launch.
New York Gov. Kathy Hochul
“Over the past month, we’ve seen how mobile sports wagering can be an economic engine for New York, driving significant funding to our schools, youth sports, and so much more,” Governor Hochul said last week. “As this new industry continues to grow, New York will make sure we have the resources and guidelines in place to make it a success for all.”
The American Gaming Association (AGA) had predicted that 31.4 million Americans would bet $7.61 billion on this year’s Super Bowl matchup, a 78% increase from last year, with more states offering legal sports betting.
New York has not released figures specific to betting on the Super Bowl, while other states did. Nevada has set an all-time high with $179.8 million in bets on this year’s final game of the NFL season. The figures shattered the previous record on one day of $158.6 million, posted on Super Bowl LII.
While Nevada led the ranking, with nearly $180 million in bets, New Jersey posted nearly $144 million in handle. Bets in the Garden State were up over 20%, which is particularly impressive given that New York is now online.
GeoComply, which provides geolocation data for the gaming industry, reported last week that it had identified more than 80.1 million transactions related to the Super Bowl over the weekend, well over double (2.26x) the number for the 2021 Super Bowl.
Original article: https://www.yogonet.com/international/news/2022/02/21/61478-new-york-posts–472m-in-wagers-over-super-bowl-week-secondbest-period-since-market-launch
