New York reaches US$ 1.1 billion in sports betting in August

    The total value of mobile sports betting in New York was US$1.1 billion in August, an increase of 27.5% compared to the previous year and 14% higher than July of this year (US$962.1 million).

    It was the 16th time in 20 months of online betting that the New York market surpassed the $1 billion mark in bets.

    According to the New York Gaming Commission, revenue reached US$98.5 million, which represented a drop of 1.1% compared to August 2022, when US$99.6 million was recorded.

    FanDuel had a net profit of just under $42 million, while DraftKings reported gross gaming revenue of $35.4 million.

    Caesars generated $9.6 million from $120 million in total bets, while BetMGM reported $6.5 million from $70.5 million in sports bets.

    BetRivers made $3 million from a total of $36.3 million in bets.

    Operators paid $50.3 million in taxes, bringing the total for the first eight months of the year to $520 million, nearly $121.8 million more than last year’s total through August.


    Beyond sports betting: new casino will be built in New York

    Lawmakers in New York’s Nassau County gave the green light to a 99-year lease with Las Vegas Sands to build and operate a $4 billion casino on the site of the Nassau Coliseum in Long Island.

    Las Vegas Sands agreed that the “gaming” component would represent only 10% of the new integrated resort.

    The lease approval was originally signed by the National Capital Planning Commission (NCPC).

    Las Vegas Sands no longer operates any commercial casinos in the US, and the Long Island casino is expected to become the company’s main business in the country.

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