• Loading stock data...
Tuesday, July 8, 2025
    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
    exclusive
    by and

    CBS, NFL Host James Brown Discussing Contract Extension
    The 74-year-old Brown has hosted a record 10 Super Bowl pregame shows.
    Sports are shown on TVs behind a bar as guests enjoy the grand opening of DraftKings Sports & Social in Ohio.
    by

    California Has Declared Daily Fantasy Sports Are Illegal. Now What?
    The opinion might spark a broader DFS conversation in the state.
    Dan Orlovsky and Ryan Clark
    exclusive
    by and

    Dan Orlovsky, ESPN Agree to Terms for Contract Extension
    Orlovsky had faced possible free agency this summer with his contract ending.
    Dec 29, 2024; Philadelphia, Pennsylvania, USA; Dallas Cowboys quarterback Cooper Rush (10) passes the ball against the Philadelphia Eagles during the first quarter at Lincoln Financial Field.
    by

    California AG Says Daily Fantasy Sports Are Illegal
    The AG rejected arguments that DFS are games of skill, not chance.

    Featured Today
    by and

    American Celebs Want to Be Sports Owners. Soccer Is Where They Start
    As U.S. team prices climb, investors set their sights abroad.
    July 5, 2025

    Baseball’s Celebrity Row: Behind MLB’s First-Pitch Ritual
    Often planned, sometimes spontaneous, the ritual throw is baseball’s celebrity row.
    July 4, 2025

    3,000 Hot Dogs, $20K in Prizes: Behind the Nathan’s Eating Contest
    Nathan’s serves up thousands of hot dogs and $20,000 in prize money.
    July 3, 2025

    Geoffrey Esper Can’t Catch a Break at Nathan’s Hot Dog Eating Contest
    “Hot dogs is not one of my favorite competitions of the year.”

    More in Sports Betting
    Jun 9, 2025; Cleveland, Ohio, USA; Cleveland Guardians starting pitcher Luis Ortiz (45) throws a pitch during the first inning against the Cincinnati Reds at Progressive Field.
    by

    Guardians Pitcher Luis Ortiz Put on Paid Leave Amid MLB Probe
    Reports say the investigation is tied to gambling.
    Mar 15, 2025; Detroit, Michigan, USA; Detroit Pistons guard Malik Beasley (5) celebrates in the first half against the Oklahoma City Thunder at Little Caesars Arena.
    June 30, 2025

    Malik Beasley Is Latest Betting-Related Headache for NBA
    It’s the third NBA betting scandal in the last year-and-a-half.
    Jun 19, 2025; Indianapolis, Indiana, USA; Indiana Pacers guard Andrew Nembhard (2) drives to the basket against Oklahoma City Thunder forward Chet Holmgren (7) during the third quarter during game six of the 2025 NBA Finals at Gainbridge Fieldhouse.
    July 1, 2025

    ‘Existential Threat’: Underdog Sports Sues to Stop AG’s Fantasy Sports Opinion
    The California AG is expected to release his opinion by Thursday.
    Sponsored

    Hottest Matchups Following NFL Schedule Release
    The NFL released the 2025 regular-season schedule, and anticipation is already building in the ticket marketplace with four months to go.
    Quincy Taylor
    June 17, 2025

    Several Americans Banned in British Basketball Game-Fixing Scandal
    Five former Surrey Scorchers players were hit with lengthy gambling suspensions.
    Mar 30, 2025; Spokane, WA, USA; LSU Lady Tigers guard Flau'Jae Johnson (4) shoots against UCLA Bruins center Lauren Betts (51) during the second half of a Elite 8 NCAA Tournament basketball game at Spokane Arena.
    June 17, 2025

    Louisiana Sports Betting Set to Aid LSU and Other State Schools
    Louisiana lawmakers have been creative in finding state money for NIL.
    A view of the FanDuel Sportsbook betting area at Belterra Park Cincinnati.
    exclusive
    June 13, 2025

    FanDuel, Kalshi Have Discussed a Deal
    Could FanDuel take an equity stake in Kalshi?
    Fanduel
    June 10, 2025

    FanDuel, DraftKings Add Illinois Transaction Fee in Response to New Tax
    FanDuel will charge 50 cents per bet starting Sept. 1.