Sports betting in New York has been on the rise in recent years, and the state recently reached a major milestone. In June, New York sports betting reached $1 billion in total handle. This is a significant achievement for the state, as it marks the first time that the state has reached this level of sports betting activity.
The growth of sports betting in New York has been driven by the legalization of mobile sports betting in the state. Mobile sports betting was legalized in 2019, and since then, the industry has seen tremendous growth. The total handle in June was more than double the amount that was wagered in the same month last year. This shows just how quickly the industry is growing in the state.
The growth of sports betting in New York is also being driven by the increasing popularity of sports betting across the country. As more states legalize sports betting, more people are becoming aware of the activity and are taking part in it. This is leading to more people betting on sports in New York, which is helping to drive up the total handle.
The growth of sports betting in New York is also being driven by the increasing number of sportsbooks that are operating in the state. There are now more than a dozen sportsbooks operating in New York, and this number is expected to continue to grow as more states legalize sports betting. This is helping to create a competitive market, which is driving up the total handle.
The growth of sports betting in New York is a positive development for the state. Not only does it generate revenue for the state, but it also provides an opportunity for people to engage in a fun and exciting activity. With more states legalizing sports betting, it is likely that New York will continue to see an increase in its total handle.