The value of mobile sports betting in New York was $2 billion in October, a 17.6% increase from September.
The number of mobile users in October increased 17.6% month over month. The number makes New York the first US market to receive $2 billion in bets in one month.
New York is the first state in sports betting
According to the New York Gaming Commission, revenue reached $166.3 million, surpassing the previous record set in September ($165.6 million). The state raised $84.8 million at the 51% tax rate.
FanDuel and DraftKings took 77% of all bets placed on the Empire State.
FanDuel raised $891.9 million on revenue of $83.1 million, while DraftKings revenue fell 8.1% from the previous month to $652.3 million and revenue fell 3.5% , to US$59.3 million.
Caesars earned $193.2 million, its best since March.
About FanDuel
FanDuel Group is an American gambling company that offers sports betting, daily fantasy sports, horse racing and online casino.
The company operates sportsbooks in several states, including New Jersey, Pennsylvania, Indiana and West Virginia, as well as an online horse racing betting platform and a daily fantasy sports service.
The company was originally founded as a daily fantasy sports provider and competed primarily with DraftKings.
The acquisition sought to leverage the company’s existing brand recognition and user base, with FanDuel becoming the company’s flagship in the US. brands.
Sobre DraftKings
DraftKings is an American daily fantasy sports competition and sports betting company.
The company allows users to participate in daily and weekly competitions related to fantasy sports.
DraftKings has launched DraftKings Sportsbook in New Jersey.
Since launching in New Jersey, DraftKings has opened mobile sports betting operations in Connecticut, Indiana, Pennsylvania, West Virginia and New Hampshire.