Description
The state of New York has seen another drop in its weekly mobile sports betting handle, confirming the regulator's latest report. Empire State Posts Second Week of Declining Online Sports Betting After Huge calendar year kickoff. For the week ended February 5, 2023, the jurisdiction processed $330 million in bets.
Empire State's mobile sports betting market is a relatively new market, as it first started online betting on January 8, 2022. It operates on a limited operator model and houses nine digital sportsbooks. In its first legitimate year, the sector generated more than $700 million in tax revenue, as well as $200 million in licensing fees.
The New York State Gaming Commission confirmed that nine sports betting operators processed US$331,298,972 in online betting for the week ended February 5, 2023. This is a slight decrease from the previous week's US$344,845,217, and a significant decrease from the week ended January 22, 2023 to US$450,735,111.
However, despite the decline in the size of bets, this week reported a higher tally of total game revenue. For the week of February 5, 2023, Digital Sportsbook earned $41,154,998 in pre-tax revenue, significantly higher than the previously reported $27,325,527. The GGR should mention that a 51% heavy tax is imposed by the state.
However, in terms of segmenting the number of operators, there was no surprise as PanDuel and DraftKings remained at the forefront of the segment. Once again, PanDuel collected the largest amount of bets with $135,952,024, while the GGR came in second with $20,199,470. DraftKings came in second with betting activities during the week, which earned $108,654,047 and $11,906,126.
Caesars Entertainment maintained its No. 3 position in the market with weekly online betting volume of US$40,430,550. The operator did not have much control, with only $4,618,739 invested in the GGR. Meanwhile, BetMGM remained in fourth place, with total handling of US$25,285,411 per share and total game revenue of US$1,891,878.
Meanwhile, members of Empire State are working towards possible development in the local online sector. In January, for example, Democrats Luis Sepulveda and Leroy Comley introduced legislation requiring all gambling and sports betting ads in the state to include warnings of negative impacts. You will also be required to enter a New York issue gambling hotline number.
In addition, New York State Senator Joe Adabbo says lawmakers are also introducing bets on awards. According to the senator, lawmakers are considering whether changes to the state constitution are needed in the proposed future, and they should also consider whether the new option benefits New Yorkers and local education programs.
BY: 안전한 카지노사이트