• Loading stock data...
Monday, February 2, 2026
    More
    Sports Betting

    New Yorkers Have Bet Almost $1B Since Start of NFL Season

    • Through Week 3, New Yorkers have reportedly bet close to $1 billion.
    • Since sports betting became legal in New York, fans have bet $11B.
    By
    Sep 30, 2022 | 09:29 am
    Danielle Parhizkaran-NorthJersey.com

    Sports fans have been wagering on mobile sports betting apps in record numbers — in major part due to the NFL season.

    Since the regular season began, New Yorkers have bet close to $1 billion, according to The Action Network. Week 3 alone comprised a major share of that total, seeing more than $301 million in bets. 

    Sports betting became legal in New York state in January. Since then, fans have placed $11 billion in bets. 

    Despite the 10-figure activity, sports betting operators themselves are struggling to make substantial revenue. DraftKings is projected to lose $800 million this fiscal year, while BetMGM lost $71.2 million in Q2 alone.

    The state of New York, on the other hand, is cashing in. Albany implemented a hefty 51% tax on mobile betting, and can expect to earn at least $450 million as of now.

    Linkedin
    Whatsapp
    Copy Link
    Link Copied
    Link Copied

    What to Read

    Apr 23, 2025; Green Bay, WI, USA; NFL commissioner Roger Goodell at the NFL Draft Fan Forum at the Tundra Lodge
    by

    The NFL’s Wildly Lucrative Past Decade
    The NFL’s empire has exploded since Super Bowl 50 in 2016.
    by

    Heat Must Pay Terry Rozier While on Leave
    The Heat had been placing Rozier’s salary into escrow.
    by and

    Seahawks Expected to Hit Market After Trail Blazers Sale Closes
    The sale of the Blazers is expected to be completed in March.
    NYSE
    by and

    Why Polymarket Has Huge Boom or Bust Potential in U.S.
    Polymarket has been laying the groundwork for a major push in the U.S.

    Featured Today

    University of Southern California
    by

    College Athletic Departments Are Wooing Recruits With Content Studios
    Schools are creating content studios to win recruits and donor dollars.
    Dec 25, 2025; Denver, Colorado, USA; Denver Nuggets forward Spencer Jones (21) reacts against the Minnesota Timberwolves during the second half at Ball Arena
    January 30, 2026

    Spencer Jones Is Having a Moment in the NBA—and on LinkedIn
    The Nuggets forward and Stanford grad is a prolific poster and investor.
    Tim Jenkins
    January 24, 2026

    How One NFL Pass Turned Into a Career on YouTube
    Tim Jenkins missed the NFL. He took his football IQ to YouTube.
    January 17, 2026

    Sports Goes All In on Non-Alcoholic Drinks Boom
    Athletes, teams, and leagues are pouring money into the NA beverage category.

    More in Sports Betting
    by

    Polymarket Barred From Nevada for at Least Two Weeks
    Nevada’s gaming regulator is separately fighting a suit against Kalshi.
    Nov 8, 2024; College Station, Texas, USA; A detailed view of an official game ball with the NCAA logo prior to the game between the Texas A&M Aggies and the East Texas A&M Lions at Reed Arena. The Aggies defeated the Lions 87-55.
    January 17, 2026

    ‘Death, Taxes, and Chinese Basketball’: Wildest Texts in The NCAA Point-Shaving Indictment
    The indictments reveal in extreme detail how the scheme was carried out.
    Nov 4, 2023; Santa Anita, CA, USA; Auguste Rodin (5), with jockey Ryan Moore up, wins the BREEDERS CUP TURF during the 2023 Breeders Cup World Championships at Santa Anita Park.
    January 23, 2026

    Santa Anita Track and California in Legal War Over Betting Machines
    The California DOJ seized gambling machines from Santa Anita.
    Sponsored

    From Kobe Bryant to Tom Brady: Mike Repole’s Billion-Dollar Playbook
    Mike Repole shares an inside look into building brands & working with star athletes.
    Sep 26, 2025; Bethpage, New York, USA; Team USA golfer Bryson DeChambeau plays his shot from the first tee on the first day of competition for the Ryder Cup at Bethpage Black.
    exclusive
    January 14, 2026

    Kalshi Tees Up First Athlete Deal With Bryson DeChambeau
    The prediction-market platform previously made a deal with the NHL’s Blackhawks.
    Prediction markets
    December 31, 2025

    Prediction Markets Exploded in 2025. What Comes Next?
    After 2025’s prediction-markets mania, the dust may start to settle in 2026.
    December 30, 2025

    ESPN Employee Didn’t Violate Rules in $1 Million DraftKings Win
    ESPN researcher Mackenzie Kraemer didn’t break company rules, a source told FOS.
    December 30, 2025

    Sportsbooks Sue to Stop Chicago’s New Licensing Requirement
    DraftKings, FanDuel, and others are crying foul over last-minute budget additions.