New York Betting News: More Than $300 Million In Wagers, FanDuel + Yankees Partnership

New York Sees Over $300 Million Worth Of Wagers for Third Straight Week

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Once again, New Yorkers placed well over a quarter of a billion dollars worth of mobile sports wagers last week.

According to the New York State Gaming Commission (NYSGC), the Empire State took in just over $313.192 million worth of mobile sports wagering handles for the end week of Apr. 17 report.

This was down slightly from the Apr. 10 end week that took in approximately $335.812 million. The end week of Apr. 3 saw a little more than $312.13 million in total mobile sport wagering handles.

The popular FanDuel New York sportsbook accounted for close to half of the total sports wagers in Apr. 17 end week. According to the NYSGC weekly report, New Yorkers placed just over $131.793 million in wagers through FanDuel New York.

Ever since mobile sports betting launched in the Empire State, the FanDuel New York sportsbook alone has taken in over $130 million in mobile sports wagering handles every week with the exception of the Jan. 9 end week (slightly north of $63.236 million) the reports from the NYSGC show.

For the BetMGM New York sportsbook, customers wagered roughly $31.008 million in mobile sports handles for the Apr. 17 end week, a slight drop from the $36,251,500 from the Apr. 10 end week.

Customers for Caesars Sportsbook in the state wagered just under $50 million for the third straight week in April. DraftKings sportsbook saw roughly $72.108 million in wagers from customers, considerably less than the $83 517,552 for the Apr. 10 end week.

So far, the Jan. 23 end week remains the leading week for mobile sports wagering handles, the reports from NYSGC show. That week, New Yorkers placed a whopping $572,552,146 million in mobile wagers.

As previously mentioned, mobile sports betting went live in the state of New York in early January. This came less than four years after the United States Supreme Court overturned the Professional and Amateur Sports Protection Act of 1992 (PASPA), which essentially banned sports betting in most parts of the United States.

Reports from the NYSGC show that to date, New Yorkers have placed over $5 billion in mobile sports wagers.

What would Yankee great Babe Ruth (1920-1934), “The Bambino” and “The Sultan of Swat”, think of the new 21st Century gambling in sports?

FanDuel & New York Yankees Announce New Partnership

As FanDuel continues to enjoy massive growth and usage across the state of New York, the sportsbook can now celebrate another major milestone.

The sportsbook announced earlier this week that they have signed “a multi-year partnership renewal to become An Official Sports Betting Partner of the New York Yankees.”

The Yankees and the sportsbook began a partnership in 2020. The brand new deal will give FanDuel permission to use the Yankees’ logo and marks, as well as “premium VIP hospitality accommodations at” the iconic Yankee Stadium. FanDuel will also display company signs behind home plate and in the right field.

“We are very excited to be continuing our relationship with FanDuel—our Partner since 2020,” Yankees Senior Vice President of Partnerships Michael J. Tusiani said, per the FanDuel statement. “We hope that FanDuel’s Yankee Stadium presence and customer engagement will continue to strengthen its brand as a sports betting operator within the tri-state area.”

The Yankees aren’t the only New York-based professional sports franchise to reach a partnership with FanDuel. Back in January, the popular sportsbook and the NFL’s Buffalo Bills announced a partnership.

Like the deal with the Yankees, this partnership gives FanDuel permission to use the Bills’ logos and marks. FanDuel also gets to display company signage throughout the Bills’ home venue of Highmark Stadium.

In March, Forbes valued the Yankees at a whopping $6 billion. Among North American sports franchises, only the Dallas Cowboys ($6.5 billion) are worth more money, according to Forbes’ valuations.

Needless to say, the partnership between FanDuel and the Yankees should be a massive success for both sides. The Yankees are arguably the most popular baseball team in the country, after all.

Last year, BetMGM, DraftKings and WynnBet became official betting partners of Major League Baseball. Several clubs have reached partnerships with sportsbooks ever since. This includes the Yankees’ AL East rivals, the Toronto Blue Jays, who reached a deal with theScore Bet earlier this month.

SOURCEGaming Commission of New York

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1 COMMENT

  1. The Gov and 27th district rep, both directly related to Delaware North, (Govs hubby is CFO and the rep is the owners grandson) took hundreds of millions from the Seneca, and gave it to a billionaire fracking oligarch for his stadium. NY is currently led by and favors religious entities over its own people. The gambling corruption is just the starter. The diocese of Rochester was broke after paying out sex abuse settlements (something people do not do unless guilty) but then got a multi-million dollar state contract from the catholic controller. I paid nearly 8 thousand per year in property taxes for a house I paid 43,000 for in Monroe County in a crap school district with fire trucks flying the insurrection flags. Football must now be considered fully rigged and compromised. There are no professional competitive sports that can be viewed as integral. The brits who bought up the gambling houses, find favor with loyalists.