U.S. Record: New York Online Betting Hits $ 2 Billion in October

New York has set a new national record for online sports betting in October 2023, with a whopping $2.007 billion in bets.

This is the first time any U.S. state has crossed the $2 billion mark in a single month.

New York has been a leader in online betting since it was legalized in January 2022. Every month in 2023, except for July, the online betting amount has been over $1 billion (it was $967 million in July). Compared to October 2022, the growth rate is almost 30%.

Before legalization, the betting amount was only around $21 million in December 2021. But by the end of January 2022, it jumped to $1.686 billion.