How A lot Cash Will NY On-line Sports activities Betting Generate in January? – Sports activities Betting Dime

by Mitchell South in Sports activities Betting Information
Jan 14, 2022 · 8:30 AM PST
Many New York sports activities betting apps are drawing a ton of motion after launching within the Empire State, and there’s good cause to consider over $1 billion could possibly be wagered via January.
Almost 6 million folks registered and positioned a guess with a New York sportsbook on the primary weekend of on-line wagering. With the NFL playoffs set to get underway on January 15, the overall deal with may improve dramatically. Whereas retail sports activities betting started in 2019, New York was lacking out on a ton of tax income with out on-line wagering.
Let’s dig deeper and estimate simply how a lot cash on-line NY sports activities betting may generate in January 2022.
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With on-line New York sports activities betting lastly underway, bettors within the Empire State are eagerly awaiting to see simply how a lot cash is wagered from cell apps and betting websites within the first month.
In-person betting has been out there at retail sportsbook places since 2019, however New York sports activities betting income has underperformed with out on-line wagering. Now that NY sports activities betting cell apps are reside, the state will begin to see quite a few advantages from the enhance in tax income. This enhance shouldn’t be underestimated, as wagering with a cell app is much extra handy than visiting a retail sportsbook.
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Since New York opened retail sportsbooks in 2019, the state has solely collected $3.7 million in tax income. With over 17 million cell wagers tallied in New York on the opening weekend, the Empire State may clear that income determine in only one weekend due to the sportsbooks launching their cell apps.
Previous to the launch of on-line wagering, many New Yorkers have been touring into close by New Jersey to get pleasure from betting websites and sportsbook apps. New Jersey is coming off three straight months the place they collected over $1 billion in complete deal with, and if the Backyard State can pull that off, there’s no cause to doubt New York will quickly be doing the identical.
The primary 36 hours of #SportsBetting in New York was LEGENDARY. In complete, NY noticed over 17M checks for his or her first weekend.
Try this video of #geolocation quantity! pic.twitter.com/FylPc2BpUQ
— GeoComply (@GeoComply) January 10, 2022

If the Empire State doesn’t handle to hit over $1 billion in complete wagers via January 2022, it’s just about a assure their first full month via February will hit that determine, particularly with Tremendous Bowl LVI on February thirteenth.
The primary weekend of NY on-line sports activities betting noticed a complete of 4 sportsbooks go reside:
With the sports activities betting motion going wild throughout the state, BetRivers NY reported a complete of $970,381 in wagers was positioned with their sportsbook on Saturday.
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5 extra NY sportsbooks are anticipated to launch within the close to future, which is able to solely drive up the month-to-month deal with in New York:
Ensure you keep tuned to Sports activities Betting Dime for all the newest updates on when these world-class sportsbooks are set to go reside.
Of the remaining sportsbooks ready to launch, BetMGM New York seems to be in an amazing place to make a giant splash on the sports activities betting market within the Empire State. BetMGM NY is providing a $1,000 risk-free guess for brand new customers that join with their sportsbook once they launch on January 17, 2022.
As NY sports activities bettors proceed to benefit from the motion via January, many might be eagerly anticipating the primary income report from the New York State Gaming Fee.
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Whereas it’s unclear precisely when this primary report will arrive, anybody curious about these figures can anticipate them to reach in early February.
We’ll be the primary to let you already know when these totals arrive, however once more, anticipate them to be close to the $1 billion mark.
A sports activities fanatic and strategic wordsmith, Mitchell has been writing gaming content material for over seven years. As sports activities betting emerges in markets throughout the globe, he’s able to journey alongside those that haven’t wagered earlier than with informative articles and complete how-to guides.
A sports activities fanatic and strategic wordsmith, Mitchell has been writing gaming content material for over seven years. As sports activities betting emerges in markets throughout the globe, he’s able to journey alongside those that haven’t wagered earlier than with informative articles and complete how-to guides.
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