Resorts WorldBET Sportsbook Launches in New York
Resorts WorldBET is now live in the state of New York, becoming the eighth online sportsbook in the thriving market. Genting is the parent company of Resorts WorldBET, but the online sports betting platform is actually being run by PointsBet.
Resorts WorldBET Behind the 8-Ball
Online sports betting has been live for nearly two months in New York, and there were a number of issues that delayed this launch. Resorts WorldBET is not going to be able to compete with the top options in the state, but it will still see plenty of action.
The launch of Resorts WorldBET came with a risk-free bet welcome offer, but it’s a much smaller bonus than some of the other companies. Resorts World has casinos throughout the state of New York, and this is a household name in the state.
Bally Bet is the last remaining operator that has yet to launch in New York, and it’s unclear when that will take place. Bally Bet was not interested in getting into a bidding war with the other top sportsbooks and wanted to wait before it launched.
Resorts WorldBET picked a perfect time to go live as the month of March will see plenty of college basketball betting. The New York State Gaming Commission has been providing weekly sports betting updates, and we will soon see just how popular this new site is.
New York Over $3 Billion
It has taken the state of New York less than two months to go over the $3 billion mark for total sports betting handle. From January 8 through the end of February, the total sports betting handle was actually $3.16 billion.
Online sportsbooks have to pay the state a 51% tax on all sports betting revenue and that amounted to over $104 million in tax revenue. New York is clearly the top sports betting market in the United States, wrestling that title away from New Jersey.
New Jersey still posted a total sports betting handle of more than $1 billion in January and the New York launch has not had a huge impact.
FanDuel Leading the Way
Anytime that a new app comes along, there is always a threat that the top options might start to lose business. Don’t expect that to happen to FanDuel Sportsbook in New York as it is the clear leader at this time.
During the final week of February, FanDuel Sportsbook posted a total handle of $131.9 million and the total for the entire state was $350.3 million. FanDuel has consistently been on top of the state, and that’s not going to change anytime soon.
BetRivers, Caesars, and DraftKings were the other three operators that launched on the first day that mobile betting was available. Caesars got off to the best start in New York, but failed to keep up after a massive start.