state officials projected<\/a> for the first full fiscal year of online sports betting. The state\u2019s budget estimated taxes from sports betting would generate $357 million for the 2022-23 fiscal year.<\/p>\nThe fiscal year won’t be halfway through until the end of this month.<\/p>\n
Sportsbook GGR Up 36% in August<\/h2>\n
The NYSGC also posted the full monthly figures for August. With a handle of $872.2 million, it was the second straight month under $1 billion for the state, but a nearly 9% improvement from July\u2019s $800.8 million handle. GGR also shot up significantly, as the $99.6 million sportsbooks won was almost 36% better than the $73.3 million reported in July.<\/p>\n
FanDuel posted monthly totals of $374.6 million for handle and $46.6 million in GGR for August, while DraftKings took $244.5 million in wagers and won $25.9 million in revenue. Caesars finished third with $117.6 million in handle and $12.7 million in GGR, and BetMGM saw figures of $73 million and $8.8 million for handle and GGR, respectively.<\/p>\n
Bigger Increases Coming in New York<\/h2>\n
As the National Football League\u2019s regular season kicks off this weekend, it would be hard to imagine sports betting traffic not increasing immensely in New York. In fact, based on what GeoComply found during the opening game featuring the Super Bowl favorite Buffalo Bills<\/a> and last year\u2019s champion Los Angeles Rams, the state is already experiencing an uptick.<\/p>\nIn Buffalo alone, there were more than 267,000 sportsbook geolocation checks on Thursday. That represented a 210% increase in traffic from the previous Thursday, according to fraud prevention and cybersecurity solutions provider GeoComply. GeoComply provides geofencing services for leading US sportsbooks.<\/p>\n
Obviously, traffic would spike in Buffalo, given the Bills were playing. But GeoComply also noted that statewide, there were 3.7 million geolocation checks for the prime time, season-opening contest.<\/p>\n
\nWe\u2019re thrilled for the @BuffaloBills<\/a>‘ home state, not least because it\u2019s a major defeat for the black market. As bettors flock to regulated sportsbooks, they enjoy a safer experience that protects their rights,\u201d<\/strong> the company tweeted Friday afternoon.<\/p>\n<\/blockquote>\n