NY sports betting update?

New York State Gaming Commission

The New York State Gaming Commission has recently released an update on sports betting in the state. In 2019, the total handle (total amount wagered) was $680.6 million with a gross gaming revenue (amount kept by the operators) of $128.6 million. In 2020, despite the pandemic, the total handle increased to $990.6 million but the gross gaming revenue decreased to $99.2 million. These statistics show a significant increase in sports betting activity in New York and provide valuable insight for future developments.

DraftKings

DraftKings, a popular online sports betting platform, holds a 35% market share in the New York sports betting industry. In 2021, the total revenue from sports betting in New York was $5.6 million. DraftKings currently operates in 12 states.

FanDuel

FanDuel, the leading online sports betting company in New York State, occupies roughly 50% of the market share. Currently, the online sports betting industry in NY generates an estimated $99 million in revenue. As of now, FanDuel and other online sports betting companies operate in partnership with Native American tribes. However, the state is considering legalizing mobile sports betting, which could significantly increase revenue and market share for companies such as FanDuel.

BetMGM

BetMGM, one of the leading sports betting companies in the US, has been providing New Yorkers with top-quality sports betting services since it was launched. With 13% of NY’s online sports betting market share, BetMGM recorded a revenue of $225 million in 2019. However, the COVID-19 pandemic proved to have a negative impact in 2020, resulting in a revenue decrease of $47 million. Q1 2021 proved to be a promising start to the year with a recorded revenue of $163 million. BetMGM continues to dominate the NY sports betting market, providing customers with an exceptional sports betting experience.

William Hill

William Hill is an established player in the New York sports betting industry, holding a 10% market share. In 2020, the industry generated a revenue of $230 million and it is expected to reach $1 billion in revenue by 2025. These statistics demonstrate the growth potential of the industry and the opportunity for companies like William Hill to continue their success.

PointsBet

PointsBet is a popular sports betting operator that offers various betting options, including in-play betting and spread betting, on sports such as basketball, football, and hockey. With a 23% market share of sports betting in New York, PointsBet is a leading player in the industry. They have a 25% share of mobile sports betting, which is expected to grow as more states allow online betting. PointsBet has over 6.4 thousand reviews on Trustpilot, with a high overall rating, making them a trusted and reliable option for those looking to bet on sports in New York.

Caesars Sportsbook

Caesars Sportsbook is one of the most popular options for NY sports betting. With over 50 sports wagers available, users can place bets on their favorite teams. Additionally, over 200 daily odds boosts provide even more opportunities to win. Caesars Sportsbook is accessible on both desktop and mobile, making it easy to place bets on-the-go. There are also various promotions available to users. Caesars Sportsbook offers a comprehensive and enjoyable sports betting experience. (Factual reference: caesars.com/sports-betting/new-york/)

BetRivers

BetRivers is a leading player in the New York sports betting scene. The total revenue from New York sports betting in 2020 was $99.9 million, with an expected record revenue of $132 million in 2021. As for BetRivers, their market share in the industry is 12%.

Rush Street Interactive

Rush Street Interactive is a prominent player in the New York sports betting industry. Founded in 2012, the company has grown to have over 800 employees, with an annual revenue of over $10 million. As technology and competition continue to drive the industry, Rush Street Interactive has continued to be at the forefront of innovation, seeking to provide the highest quality of user experience while maximizing profits. With so much potential for growth in the New York sports betting market, Rush Street Interactive’s strong and established presence bodes well for the company’s future success.

TheScore Bet

TheScore Bet, a leading sports betting operator, is quickly making a name for itself in the New York market. As of February 2022, the state’s sports betting market size stands at $837 million with a revenue of $62 million. TheScore Bet boasts an impressive user base of over 1 million. The New York State Gaming Commission has issued licenses to 10 operators in the state. In terms of market share, NFL betting is the most popular with a 44% share.

WynnBET

WynnBET, the online sports betting arm of Wynn Resorts, has experienced significant growth in recent years. In 2020, the company generated $28.6 million in revenue, which increased to $37.5 million in 2021. This growth can be attributed to the increasing popularity of online sports betting and the company’s efforts to expand its operations. WynnBET has also secured partnership deals with several major sports teams, including the New York Jets and New York Knicks, which has helped to increase brand awareness and drive customer acquisition.

Unibet

With the sports betting industry in New York projected to reach $1.2 billion in revenue by 2025, it’s no wonder that more and more sportsbooks are entering the market. As of September 2021, there are currently four sportsbooks available in New York for patrons to bet on their favorite sports teams. One such sportsbook is Unibet, whose current market share in the state is currently unavailable*. Despite this, Unibet is still making waves in the industry and is positioning itself to be a major player in the years to come.

*Reference: Unavailability of market share data for Unibet in New York is due to the fact that the company has only recently launched in the state and market share data has not yet been made publicly available.

PlayUp

PlayUp is a global and fully-integrated sports betting and entertainment company that enables betting on over 100 sports and events worldwide. PlayUp has partnerships with various professional sports teams and events, such as the New York Racing Association. New York State legalized sports betting in 2019, and mobile sports betting is expected to generate over $500 million in annual revenue once fully operational.

Betway

Betway, a prominent player in the sports betting industry, currently holds a market share of 7.5%. In 2020, the company generated a revenue of $103.4 million. As of now, Betway has over 2 million registered users, highlighting its popularity among sports betting enthusiasts.

Barstool Sportsbook

Barstool Sportsbook is a popular sports betting site in the US, with a market share of 10%. As of the latest update, sports betting is now legal in 30 states across the country. The projections for the size of the US sports betting market by 2025 show a whopping $7 billion industry. Given the constantly changing nature of sports betting regulations, it is important to stay up-to-date on the latest developments. This information is based on commonly accessible references.

Fox Bet

Fox Bet has yet to launch in the state of New York as sports betting remains illegal. As of 2021, New York has not yet passed legislation to legalize online sports betting, but lawmakers are actively pursuing this change. The state does allow in-person sports betting at a few upstate casinos, but only for limited events. Until there is a change in legislation, the launch of Fox Bet in New York remains on hold.

(Source: https://www.legalsportsreport.com/sports-betting/new-york/)

Hard Rock Sportsbook

Hard Rock Sportsbook, which was established in 2018 and has 5 physical locations, offers a mobile app for convenient sports betting. The sportsbook is licensed under Hard Rock Atlantic City and generated $17 million in revenue in 2020.

Resorts World Catskills

Resorts World Catskills, a premier integrated casino resort in New York, boasts over 1,600 state-of-the-art gaming machines and more than 150 table games. In July 2019, the casino launched sports betting, opening doors to a new form of entertainment for its patrons. With an extensive sportsbook and a gorgeous 360-degree LED video wall, Resorts World Catskills provides an unparalleled experience to sports enthusiasts.

Tioga Downs Casino Resort

Tioga Downs Casino Resort has six sportsbooks and 16 betting kiosks for NY sports betting. As of 2021, the revenue generated is $3.4 million, but it is projected to increase by 25%. [Reference: MSN and Times Union]

Del Lago Resort & Casino

Del Lago Resort & Casino is one of the four providers of sports betting in New York. As of 2020, the total revenue from sports betting in the state was $9.95 million. However, it is projected that by 2025, the revenue from sports betting will increase significantly to reach $1.14 billion. In this growing industry, Del Lago Resort & Casino is positioned to provide ongoing value to sports betting enthusiasts. (References: 1. https://www.playusa.com/new-york/sports-betting/ 2. https://www.reporthive.com/us-research-report-Sports-Betting-Market-2021-and-Forecast-2026)

Rivers Casino & Resort Schenectady

The New York sports betting industry has been seeing a steady rise in its online handle. As of July 2021, Rivers Casino & Resort Schenectady’s online handle has reached $140,764,639 with a total revenue of $15,175,635. In 2020, they had a total online handle of $176,166,976 with a revenue of $15,190,872. Rivers Casino & Resort Schenectady has been a major player in the New York sports betting industry, contributing significantly to its growth.

Seneca Buffalo Creek Casino

Seneca Buffalo Creek Casino, located in Buffalo, NY, is one of the leading casinos in the state to offer sports betting services. According to recent statistics, New York’s sports betting revenue has skyrocketed to $749.7 million in 2021 with a total of $10.9 billion sports wagers across 10 different sportsbooks in the state. Seneca Buffalo Creek Casino has contributed significantly to this growth and continues to offer a wide range of sports betting options to its customers.

Turning Stone Resort Casino

Located in Verona, New York, Turning Stone Resort Casino was established in 1993. As of 2021, sports betting is legal in New York, but only at upstate casinos like Turning Stone. To make a bet, visitors must be physically present at the casino.

Yellow Brick Road Casino

Yellow Brick Road Casino, located in Chittenango, NY, is one of the four sports betting operators in New York. As per the latest update by the New York State Gaming Commission, the total sports betting revenue in the state was $4.6 million. New York ranks 4th in sports betting handle in the US, according to the Legal Sports Report.

Akwesasne Mohawk Casino Resort

The New York sports betting market generated $99.3 million in revenue in 2020, making it one of the fastest-growing markets in the United States. Akwesasne Mohawk Casino Resort, a popular casino located in Upstate New York, has been taking advantage of this trend to increase its annual revenue. With sports betting now legal in more than 20 states, Akwesasne Mohawk Casino Resort has positioned itself as one of the premier destinations for sports bettors in the Northeast. As of now, Akwesasne Mohawk is the only tribal casino offering legal sports betting in New York.

Oneida Indian Nation’s Turning Stone Resort

Turning Stone Resort, owned by the Oneida Indian Nation, is one of the tribal casinos in New York that is preparing to offer sports betting to its patrons. New York currently has legal sports betting, and in 2020 brought in $99 million in revenue. With 21 states now offering legal sports betting, the total amount wagered on sports in 2019 was $13 billion. Despite the impact of the COVID-19 pandemic, Turning Stone Resort’s 2019 revenue was $350 million.

Finger Lakes Gaming and Racetrack

Finger Lakes Gaming and Racetrack, located in Ontario County, New York, launched their sports betting platform on July 16, 2019. As an operator of sports betting, Finger Lakes Gaming and Racetrack has generated $74.8 million in revenue in the year of 2019.

Saratoga Casino Hotel

Saratoga Casino Hotel, a popular establishment located in Saratoga Springs, New York, has recently made updates to their sports betting offerings. With an estimated monthly search volume of 4,500 and a high ranking of 1 on Google search results, Saratoga Casino Hotel appears to be a well-known destination for those interested in sports betting. The establishment has also gathered 42 referring domains, indicating that it has a strong online presence. As NY sports betting continues to evolve, Saratoga Casino Hotel appears to be a relevant player in the scene.

Vernon Downs Casino Hotel

Vernon Downs Casino Hotel is one of four casinos in New York State that offer sports betting. In the 2020-21 fiscal year, sports betting generated $179 million in revenue for the state. By 2025, revenue from sports betting in New York is projected to exceed $1 billion. The growth of sports betting in the state is expected to be aided by the increasing number of online sportsbook licenses being granted. As a key player in New York’s sports betting landscape, Vernon Downs Casino Hotel is poised to benefit from this growth and ongoing demand for sports betting.

Batavia Downs Gaming & Hotel.

According to a recent study, the US sports betting market is predicted to reach $8 billion by 2025. As for New York, legal sports betting generated $2.5 million in revenue in its first weekend alone. Batavia Downs Gaming & Hotel, a popular destination for sports fans, has also benefited from the growth of sports betting. In 2020, the hotel saw a 58% increase in revenue from sports betting compared to the previous year. With the industry continuing to expand, it’s likely that these numbers will only continue to rise. (Sources: AmericanGaming.org, NY State Gaming Commission)