FanDuel breaks records in New York with 10 consecutive weeks of double-digit holds, ending on July 14th. They reported a 12.7% win rate from $117 million in wagers. DraftKings and FanDuel dominate the market, capturing over 74% of the weekly handle and revenue.
Tag:
New York
-
-
A series of quarterly extensions between the Seneca Nation of Indians and the state of New York has allowed upstate New York casinos to continue unfettered. However, an updated compact is what the tribal nation seeks but negotiations with the governor have failed to consummate a new agreement.
-
New York solidifies its lead in mobile sports betting with May 2024 being a record-setting month. Key sports events boosted the state’s handle to $1.97 billion, generating $200.3 million in revenue. The competition between DraftKings and FanDuel remains fierce in this thriving market.
-
The process for selecting three casino projects and the operators behind them has moved at a glacial pace, therefore, it was no surprise that legislators voted to impose a strict deadline to make those selections and get those projects off the ground.
-
Senator Joseph Addabbo has introduced a bill to expedite the licensing for three downstate New York casinos, pushing for a March 31st deadline. With the legislative session ending on June 6th, Addabbo aims to accelerate the process, addressing delays and linking iGaming to the new licenses.
-
Senator Joseph Addabbo has introduced a bill to expedite the licensing for three downstate New York casinos, pushing for a March 31st deadline. With the legislative session ending on June 6th, Addabbo aims to accelerate the process, addressing delays and linking iGaming to the new licenses.
-
Senator Joseph Addabbo has introduced a bill to expedite the licensing for three downstate New York casinos, pushing for a March 31st deadline. With the legislative session ending on June 6th, Addabbo aims to accelerate the process, addressing delays and linking iGaming to the new licenses.
-
Senator Joseph Addabbo Jr.’s bill aims to raise the fantasy sports entry age in New York to 21, matching sports betting. The bill also introduces peer-to-peer pick’em contests and increases fees for operators, potentially boosting state revenue from $4 million to $150 million.
-
State Senator Joseph Addabbo Jr. was the driving force behind mobile sports betting legislation in the Empire State and he is now the sponsor of SB9226 which would legalize and tax up to 10 online poker sites.
-
In 2023, New York’s sports betting market boomed, with over $19 billion wagered, a 20% increase from 2022. FanDuel led with $8.10 billion in mobile bets, outperforming DraftKings and Caesars. The industry’s growth hints at a promising future despite regulatory challenges.
