New York On Track to Become A Top Betting State
Everyone saw the tremendous start that online sports betting in New York had in its first couple of weeks. However, recent data that has been released about the first two weeks of legal sports betting in the state show its Huge potential. It looks like NY could head straight for the top spot, overtaking New Jersey and Nevada on the way.
That’s a big claim and would mark a massive shift in the US online wagering market. So, what in the data is suggesting this? And how will this affect online sports betting in other US states? Our experts here at BestAppBet are here to break down the statistics and let you know what this means for your legal sports wagering.
New York’s First Two Weeks
So why is everyone so excited by New York? It was reported that the combination of the four legal sportsbooks handled $150 million just in the opening weekend. It’s worth noting that since that weekend, BetMGM has also launched its mobile sportsbook in NY. This $150 million has come from 650,000 players, showing the appetite for online sports betting many experts predicted.
GeoComply, a company that handles geolocation services for many mobile sportsbooks, released information that 17.9 million betting transactions were recorded in the second week of online betting in the Empire State. That marks growth from the state’s first weekend.
1.2 million new accounts were created in the state, and 878,000 were accounts with unique identifiers. That means many customers only opened one account. For context, that’s more than Pennsylvania and New Jersey attracted combined. These are two of the most significant states for online sports wagering, so it’s pretty substantial. It’s worth noting that 770,840 of these players had never been seen on GeoComply’s servers before, meaning they were entirely new to sports betting.
GeoComply doesn’t cover all of online sports betting, which means the numbers could be even greater than this. The bottom line is that New York’s online sports betting has been a roaring success in its first two weeks. This success is expected to be maintained and even surpassed by state officials. They hope New York will take $249 million in tax revenue this year, which is expected to grow and grow until it takes $518 million in revenue in 2029.
To encourage this growth, you can expect New York to have one of the most competitive online sports betting markets around. Five sportsbooks have already launched, and four more have licenses to join as soon as logistics are sorted. In short, it’s an exciting time to be a bettor in the Empire State. To say business is booming would be an understatement, and things look like they will only get more exciting in the future.
The View from the Other States
Considering the proximity of New York to other large betting states like New Jersey, there was a worry that a battle would start over customers. However, early data indicates that both states can work alongside each other without issues. Only 9.3% of bettors in NY’s first few weeks have ever placed a wager in New Jersey.
NJ’s figures also match up with this conclusion. Since New York online sports betting launched, its transactions have increased from 12.6 million transactions to 13.1 million. This is on par with what the state was expecting as the playoffs of the NFL continue. The NFL is the biggest betting market in the US.
Legal US Sports Betting
The conclusion we can draw from this is that New York’s online sports betting will only make the whole industry stronger. Its growth isn’t impacting nearby states, and the success of its launch will encourage more states to consider legalizing online sports wagering. States have been able to legalize sports betting since 2018 when the US Supreme Court struck down the PASPA.
There are many states across the US where you can legally place bets on your favorite sports, like Tennessee and Iowa. All you have to do is visit one of these states. Be sure you’re the local legal gambling age, and you’re all set. Download a sportsbook and start placing sports bets online now!
Sugarhouse is owned by Rush Interactive, which is one of the most prominent providers of online sportsbook and casinos in the country. In 2016, SugarHouse launched it online casino in New Jersey, joined by its online sportsbook in 2018. Since then, it became a leading casino and sportsbook for Americans. Check out their fantastic bonuses, games and bets available, and see yourself why when it comes to casino and sports betting in the USA, Sugarhouse is a Powerhouse
LATEST BLOG ARTICLES
March Madness seems to get better every year, and the 2022 version has not disappointed. Some favorites have dominated, while others have been dumped out much sooner than expected. Every tournament needs a Cinderella, and Saint Peter’s is one of the most heartwarming underdogs in recent memory. This tournament has shown that anything can happen, and US bettors have had a great time trying to predict these games and sometimes making great profits.
With February officially coming to an end, NCAA basketball fans are gearing up for perhaps the biggest March Madness in recent memory. Now more than ever before, there seem to be upset every weekend. Not only that, but college basketball betting has also grown exponentially in the past twelve months since the Baylor Bears won their first national championship in program history. With the hype now starting to build and Selection Sunday less than a month away, sports pundits have been speculating who they believe will bring home the trophy in 2022.
December has Christmas, January has New Year’s Day, February has Valentine’s Day, and March has March Madness. The time has almost come for the US’ favorite college sports tournament. The nation’s full attention falls on those teams that qualify for the tournament. Over the years, millions of Americans have taken part in local brackets on who will win March Madness.
SPORT BETTING APPS
Sports betting has always been an exciting way for fans to buy into the sport, in a way participate and add another dimension of thrill and excitement to the competition, match or any sporting event. With the evolution of remote betting first to phone, and later on to online betting, remote sports-betting not only became available to a wider audience, but also added a whole new level of excitement and magic to sports betting. Today’s mobile sports betting apps, which are readily available on both Android and Apple, are on the front line of technology, and alongside an exceptional slick and user friendly interface, opens to sports betting punters an entire universe of sports events, odds, games and features such as live streaming and in-play betting. Are you into NFL? Are you an NBA fan? Maybe your thing is baseball so you would like to bet on MLB? Or perhaps you are into world sports and want some European Premier Soccer betting? The mobile sports betting apps bring all of this amazing action to your mobile device, so you can bet on what you want, from wherever you are, at any time you choose to.
Are you a casino player? Did you always love casino, the atmosphere, the thrill and excitement, and most importantly the dream and sometimes reality of big winnings? You no longer need to wait for your next trip to Vegas, or wherever it is you are planning to go to a casino. Mobile and remote casino gambling has now entered to US, and it is here to stay. Already live in New Jersey, and closely followed by other states, Americans can now join the fun, download a casino mobile app from one of the top, legal and certified US casinos, and have all the magic of casino from their mobile device. Are you a BlackJack player? Or maybe you are into Roulette? Maybe Baccarat or Craps are your game, or are you a fan of slots? Whichever game is for you, you will find it on the mobile casino apps that are now becoming legal and regulated across states, and enable you to have your own private casino on your mobile device. It is legal, it is exciting, and it is magic.
For many, slot machines are the most thrilling part of the casino. The lights, animation, sounds and action take you into another dream world, where you can win huge prizes, jackpots, bonus rounds and what not. The Mobile slot apps that are now available in the US provide the world’s premier slots, all made regulated and fully compliant with the US regulations and laws. So you can safely and securely download the slots mobile app to your mobile device (where it is legal to do so), and have the most amazing slot game experience coming to life on your mobile phone. Are you into progressive slots where you get a chance at winning an amazing jackpot, or perhaps you are into an animated video slot that has branded content with your favourite movie, TV or music stars? All of these amazing titles are just a swipe away, all available on your mobile phone by downloading the mobile slot game app.
A lot has changed since the first games of poker were played along the Mississippi River in the 1800s, with Poker becoming a worldwide phenomenon, crossing the boundaries of a card game and considered by many a sport, with tournaments, leagues and champions. Being a game with friends or a professional tournament, the online revolution turned poker to be a game that is played and followed by billions all over the world. And then the latest stage of the poker uprising which is the mobile poker apps, which enable you to access any kind of level, tournament and game from your mobile phone, no matter where you are in the world, and what time it is, you can join in the poker fun and excitement and play against other poker enthusiasts like you around the globe. Poker is now coming home again, and becoming legal to play remotely state after state in the USA also. So now Americans can already download a safe and legal mobile.