New York sportsbooks wagers hit $1.55bn in November

Finance News

Online sports betting in New York is trending back up, and towards record levels. Numbers reported recently by the New York State Gaming Commission show the state’s online sports betting generated $1.55bn in November.

The $41.3 million in gross gaming revenue total was the third highest since the state launched online sports betting on Jan. 8. The week saw $21.05 million in taxes for New York.

According to GeoComply, a software firm used by sports books to ensure geolocation requirements, more than 11.3 million unique player accounts have been created since January, conducting nearly 985 million transactions.