- Sports betting in New York became official on July 17 when sportsbooks like the one at Tioga Downs launched.
- The FanDuel Sportsbook at Tioga Downs collected over $55,000 in revenue during the span of that half-month.
- On top of their game, FanDuel has already released NBA betting odds on games and futures action.
NICHOLS, N.Y. – FanDuel Sportsbook is ready for bettors to take on their NFL and college football lines. But the country’s most popular sportsbook is also looking forward to NBA betting action as well.
With the release of the NBA schedule, FanDuel Sportsbook posted betting lines regarding the NBA season, including win totals, propositional bets if a team will make the playoffs, and everyone’s favorite, the games on Christmas Day.
NBA Christmas Day Games
Boston Celtics (+3) vs Toronto Raptors (-3)
Milwaukee Bucks (+3) vs Philadelphia 76ers (-3)
New Orleans Pelicans (+9) vs. Denver Nuggets (-9)
Los Angeles Clippers (-1) vs. Los Angeles Lakers (+1)
Houston Rockets (+1.5) vs. Golden State Warriors (-1.5)
But before the sportsbook looks too far ahead, the past month for FanDuel was an important one. Their sportsbook at Tioga Downs opened, becoming one of the first New York sportsbooks to launch. Additionally, this launch introduced FanDuel into another major betting market, as neighboring New Jersey may see a slight decline now that bettors from the Big Apple can remain in-state.
Still, mobile betting in New York has yet to launch (or be approved by the state’s legislators) so the opening at Tioga Downs only represents a sliver of the betting action they are likely to see once legislators approve online betting.
Even without mobile bettors, FanDuel took in $55,219 in revenue during the month of July. This number pales in comparison to revenue numbers from FanDuel’s sportsbooks in the other legal sports betting states, but this was only the beginning (and only half a month of operation).
If bettors have learned anything from FanDuel, it is that they will do whatever it takes to create the largest gambling market in the country. Now that New York is live, there are nearly a dozen states that offer the pastime but none have the potential to reach a market size as large as this state.
Future reports will be interesting to keep an eye on, as this paltry five-figure number will be quickly forgotten once the legal sports betting industry is fully up and running.
Michael began writing as an NBA content writer and has spent time scouting college basketball for Florida State University under Leonard Hamilton and the University of Alabama under Anthony Grant. A graduate of both schools, he covers topics focused on legal sports betting, betting odds, and casino reviews. Michael likes to golf, play basketball, hike, and kayak when not glued to the TV watching NBA games.