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New York reports $1.4bn mobile sports betting for April

New York reports $1.4bn mobile sports betting for April

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Online sportsbooks in New York showed a monthly decline of 15%, to less than $1.4bn in wagers this April, the lowest recorded figure since online sports betting launched in New York in January. 

Although slightly down, this huge figure equates to $46.4m in wagers per day for April, compared to $52.8m in bets per day for March. Gross revenue was down by 9%, with sportsbooks winning totalling $104.1m, of which a massive $53.1m was taken in tax revenue

In terms of market shares, FanDuel accounted for 43% of the online share in April, with DraftKings accounting for 24% of the total volume.

Analysts are reporting that the New York market is now settling into a fairly consistent pattern and that the conclusion of the NFL season will see a predictable shift in market focus, with operators expected to concentrate marketing efforts onto baseball and golf.