Last updated on March 19th, 2022 at 07:12 am
Allowing sports betting software in New York is a big hit. Which is why industry insiders are now wondering will we also see casino software aside from sports betting software in New York? Let’s look at the numbers for sports betting and see the potential for iGaming. Since online sports betting was legalized in the state, New York sportsbooks have generated more than a billion in betting handle in weeks. In fact, since the launch of mobile sports betting in New York back in January 8, up to March 13, New York sportsbooks have seen more than $3.9 billion wagers.
This gives the state around $140 million in tax revenue. And since online sports betting is even increasing in popularity in the state, many are now looking into expanding what residents can access from gambling software providers. The most obvious addition, is, of course, iGaming. And according to New York lawmakers, this is in the works.
Casino Software Aside from Sports Betting Software in New York
According to legislators, it is not a matter of “if”, but “when”. Efforts will be made to legalize online gambling in the state this year. If this does not happen, then definitely in the near future. When this happens, New York residents can simple log on through their phones wherever they are, and play any of their preferred slot machines and casino table games. This model works well for sportsbook pay per head operations, so online casino gaming should not be any different.
This could generate even more money for the state, especially if the follow the pattern of neighboring Connecticut. In Connecticut, iGaming is more popular than online sports betting. For example, in February, the sports betting handle was $115.6 million. However, their iGaming handle was at $743.8 million. Currently, the state allows over 500 online casino games. Should the iGaming bill in New York pass, then the state could potentially see more action than Connecticut, given its population.
