'There's not a question: New York is already the largest sports betting state in the country,' a gambling industry expert said.
. The state's approval took effect Jan. 8 and the amount of wagers has exploded weekly ever since.
New York's online sports gambling has erupted so quickly that analysts believe it could soon break another record. New Jersey posted the nation's largest-ever one-month handle of $1.3 billion in October. There's little doubt New York will surpass that once all of January is tallied, Ramsey said.Poised for growth
BetMGM, FanDuel and DraftKings"are in a frenzy for customer acquisition and are spending enormous amounts on advertising and sponsorships," the consulting firm Deloitte wrote in a 2022 . Those companies, and others, are jockeying for customers because they expect more states to legalize online sports betting in coming months.
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