As New York legalizes sports betting, insiders wager on deluge of betting
CBSN
New York became the 18th state to legalize online sports betting last weekend, but it's a whale of a player because of its 20 million-plus residents, making industry insiders believe the Empire State will set a new record for the highest amount of sports wagering in the first two months of business.
The state's gaming commission gave four companies — Caesars Sportsbook, DraftKings, FanDuel and Rush Street Interactive — the OK to start accepting bets from smartphone apps on January 8, with more companies expected to get a green light before Super Bowl TKVII bets kicks off February 13. It will take several weeks before New York reports its handles for January and February, but those closely following the sports gambling industry believe the figures will surpass the current record of $777 million held by Arizona.
"I suspect that New York will surpass all states in their debuts," Andrew Sneyd, FanDuel's senior vice president of brand marketing, told CBS MoneyWatch. "It'll be a very successful first couple of months for New York."
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