New York mobile sports bets top $600M in 2 weeks, rival NJ

ATLANTIC CITY, N.J. (AP) — New York sportsbooks took more than $600 million worth of bets from phones or computers in the first two weeks of the activity being legal this month, according to figures posted Friday.

The numbers posted by the New York State Gaming Commission show that the four currently operating mobile sportsbooks — FanDuel, DraftKings, Caesars and Rush Street Interactive — handled more than $603 million worth of bets for the weeks ending Jan. 9 and 16th.

An additional $8.5 million worth of bets were made at in-person sportsbooks in New York state over that same time period, bringing the total to $611.5 million.

Projected over a full month, that would exceed $1.2 billion and would rival the best months New Jersey's nation-leading sports betting market has ever had.

The New York sportsbooks reported $48.2 million in sports betting revenue — but the revenue of mobile sports operators in the Empire State is taxed at 51%, compared with 13% in New Jersey.

“We always knew New York had this kind of potential, just by how many New Yorkers had been going over to New Jersey to bet,” said New York state Sen. Joseph Addabbo Jr. "What's really amazing is we did this with only four sports books operating, with more to come online soon.

“There is no doubt that New York will eclipse New Jersey as the number one sports betting market in the nation,” he said.

FanDuel, DraftKings, Caesars and Rush Street Interactive reported figures thus far. Other companies that soon will join the fray include BallyBet, BetMGM, Wynn Interactive, PointsBet, and Resorts World Bet.

New Jersey set the national monthly record for the largest amount of bets made (known as “handle”) in October when its casinos and sportsbooks took $1.3 billion in bets. They took over $1.2 billion in November...