New York Poised For  Billion Sports Wagering Handle In January

Already responsible for the top seven national monthly sports wagering handles in the post-PASPA era, New York has put itself in position to claim another milestone:'the first $2 billion monthly handle in the United States.

The New York State Gaming Commission released'mobile betting figures Thursday for the week ending Jan. 22, and the $450.7 million in wagers accepted by the Empire State's nine mobile operators was the third highest in 55 weeks worth of reports. More importantly, New York is less than $503,000 from eclipsing its record $1.69 billion established last January when it launched mobile wagering and needs operators to accept just $314.3 million in wagers over the final nine days of January to reach the previously unfathomable $2 billion benchmark.

This January is different in that mobile operators are not battling each other for customers with stupendous promotional offers. That took place with the much-anticipated launch last year, highlighted by Caesars Sportsbook matching initial deposits up to $3,000 along with an initial $300 free bet.

The $314.3 million needed from Jan. 23-31 to reach $2 billion is less than the median of all weekly handles reported, which was nearly $330 million for the week ending Sept. 11.

  
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