Jan 10, 2022 - Sports

Sports betting headed for record month

Sports betting handle, by state
Note: Handle = total money wagered. Data: Legal Sports Report; Chart: Sara Wise/Axios

New York launched mobile sports betting on Saturday, with four online sportsbooks beginning operations and another five awaiting final approval.

The big picture: Now that New Yorkers can bet from their couch — rather than travel to New Jersey — many believe the Empire State will eventually contend with New Jersey and Nevada for most money wagered by state (currently 17th).

State(s) of play: 30 states plus Washington, D.C., have live, legal sports betting markets, but only 18 (plus D.C.) allow mobile betting, per Forbes.

  • In-person and mobile (15 plus D.C.): Arizona, Colorado, Connecticut, Illinois, Indiana, Iowa, Michigan, Nevada, New Jersey, New York, Oregon, Pennsylvania, Rhode Island, the District of Columbia, West Virginia, Wyoming
  • In-person only (12): Arkansas, Delaware, Louisiana, Maryland, Mississippi, Montana, New Mexico, North Carolina, North Dakota, South Dakota, Washington, Wisconsin
  • Mobile only (3): New Hampshire (in-person will launch soon), Tennessee, Virginia
  • Legal, not yet operational (3): Florida, Nebraska, Ohio

What to watch: It's no coincidence this launch came just before the NFL playoffs and CFP Championship. The next month will almost certainly break the record for money wagered on sports nationwide.

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