Daily Archives: December 11, 2023

FanDuel lobbied against New York rules on advertising near colleges

FanDuel Group lobbied against rules that prohibit advertising sports betting near colleges and universities in the state, according to unredacted documents released by the New York State registrar.

Updated rules on sports betting in New York were introduced in October. This came after the New York State registrar considered opinion from various licensees, including Flutter Entertainment-owned FanDuel.

The ban on betting adverts near education establishments is now in place. However, state registrar documents now show that FanDuel voiced its opposition to such a move.

NEW YORK STATE REGISTRAR DOCUMENTS SHOW FANDUEL LOBBIED AGAINST ADVERTISING NEAR COLLEGES

Dated 18 October, the document said FanDuel objects to a ban on adverts in the “area of a college or university campus”. This, the document says, may be interpreted to “include unaffiliated residential and commercial areas that border a college or university campus”.

However, the New York State Gaming Commission disagreed. The r..

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New York sets $2.11bn handle record in November

Consumers in New York spent $2.11bn (£1.68bn/€1.96bn) betting on sports online during November, a new record for the state and the highest amount ever bet in any US state in a single month.

The November figure surpassed the existing New York record of $2.01bn set in October this year by 5.0%. New York in October became the first state to take over $2.00bn in legal sports bets in any given month.

The amount wagered in November was also 36.1% ahead of $1.55bn in the same month last year.

Online revenue for the month reached $150.9m. This was 9.3% behind the record $166.3m set in October but 1.8% higher than $148.2m in November 2022.

Out in front in New York with FanDuel

Flutter Entertainment-owned FanDuel stretched its lead in New York in November. Players spent $923.4m wagering on sports with FanDuel, with revenue reaching $69.2m for the month.

Long-time rival DraftKings was second with a $723.1m handle and $54.3m in revenue. Next was Caesars, taking $205.0m in bets and posting re..

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