NY Sports Betting Launch a Success, Data Shows 1.2 Million Created Accounts

A week after New York’s sports betting launch, the activity that caught everyone off-guard does not seem to be slowing down. Data by GeoComply shows that the state’s five authorized sportsbooks have more than 1 million combined registered accounts.

The Number of Unique Players in NY is More Than NJ And PA Combined

Sports betting was launched in New York on January 8. Data shows that until January 17, the number of active accounts in New York was 1.2 million. The number of unique players was 878,000, which is more than New Jersey and Pennsylvania combined in the same period.

Moreover, New Yorkers are getting introduced to regulated online sports betting as 87.8% of them (770,840) are new to the industry, per GeoComply data. Only 9.3% of NY punters have used NJ sportsbooks to place bets.

Up until January 17, data shows that punters from New York showed their loyalty to one sportsbook as data averages 1.36 accounts per player. In the past weekend, the number of geolocation transactions in NY was 17.9 million, which is an increase from the previous week where the number of geological transactions was 17.2 million.

Lindsay Slader, GeoComply’s managing director of gaming, stated that New York’s momentum has continued, and the best part about it is that it is home-grown. She also stated that the data indicates that the vast majority of bettors are new to the industry, and it also suggests that the residents in New York are ditching illegal operators to search for legal betting options.

Slader concluded by saying that everyone is surprised with the overall growth of the sports betting industry and that GeoComply is eager to see how many records will be broken from now through the Super Bowl.

New York Gaming Might Also Have a Good Start in 2022

Apart from the success of online sports betting in the state, New York is also looking to improve its relationship with the Seneca Nation of Indians as both parties have ended their dispute and decided to start working on a new gaming compact.

The whole dispute between the tribe and the state started after the misunderstanding over the 2002 gaming compact, which included a 14-year agreement and a 7-year option. The deal stated that the payments of the tribe would rise to 25% by the 14th year, but the Senecas declined to issue these payments in the final seven years.

Matters were taken to courts and after several years of an ongoing dispute, both parties decided that it will be in their best interest to leave history behind and ensure a fruitful and profitable future with the new compact.

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