New York, NY – In a stunning turn of events, the online sports betting handle in New York has surged an incredible 109% week-over-week, according to the latest data from the state’s Gaming Commission. This massive increase comes just weeks after the launch of online sports betting in the state, marking a significant milestone in the industry.
The surge in betting activity can be attributed to a number of factors, including the recent legalization of online sports betting in New York, as well as the return of major sporting events such as the NFL playoffs and NBA games. The convenience of being able to place bets from the comfort of one’s own home has also played a major role in the increase in betting activity.
One of the biggest winners of this surge in betting activity has been the state itself, as New York stands to make millions in tax revenue from the increased betting handle. In fact, early estimates suggest that the state could generate up to $100 million in tax revenue from online sports betting in the coming year.
The surge in online sports betting activity has also been a major boon for the sports betting industry in New York, with many sportsbooks reporting record-breaking numbers in terms of bets placed and revenue generated. This increase in betting activity has not only benefited the state and the industry, but has also been a major win for sports fans, who now have more options than ever when it comes to placing bets on their favorite teams and events.
Overall, the surge in online sports betting handle in New York is a clear sign that the industry is thriving in the state, and that there is a strong demand for sports betting among New Yorkers. As more states continue to legalize online sports betting, it is likely that we will continue to see similar surges in betting activity across the country.