Sports betting is a popular pastime all over the United States, especially in New York. In this article, we will take a look at what the most popular sporting events are to bet on in New York and some of the reasons why people love to bet on sports. We will also explore some of the statistics surrounding sports betting in New York and provide you with some insights into how people are betting on sports.
Finally, we will give you our thoughts on why sports betting is so prevalent in New York and why it is likely to continue to be one of the most popular forms of gambling in the state.
The Rise of Sports Betting in New York
Sports betting has recently seen a rapid rise in popularity all over the United States. This is mainly due to the fact that sports betting was legalized in many states, including New York, in 2018. Prior to this, sports betting was only legal in a handful of states and was mostly done through illegal bookies.
The legalization of sports betting and online sports betting in New York has allowed people to bet on sports legally and safely through licensed sportsbooks. This has led to a massive increase in the number of people betting on sports and the amount of money being bet on sports. In fact, it is estimated that the amount of money wagered on sports in the United States will reach $6 billion by 2023.
This is good news for the economy as a whole, as the taxes collected from sports betting will help to boost state revenue. It is also good news for the sports industry, as more people are likely to watch and attend sporting events if they have a financial interest in the outcome.
What Are the Most Popular Sporting Events to Bet on in New York?
Now that we have a better understanding of the rise of sports betting in New York, let’s look at what the most popular sporting events are to bet on in the state. The following is a list of the five most popular sports to bet on in New York, based on the handle (the amount of money wagered), according to the American Gaming Association:
- Football – $3.2 billion
- Basketball – $2.7 billion
- Baseball – $1.4 billion
- Hockey – $727 million
- Soccer – $653 million
As you can see, football is by far the most popular sport to bet on in New York, followed by basketball and baseball. This is not surprising, as these are also the three most popular sports to watch in the state. It is worth noting that hockey is also a trendy sport to bet on in New York, likely due to the state having two NHL teams (the New York Rangers and the Buffalo Sabres).
Why Do People Love to Bet on Sports?
There are many reasons why people love to bet on sports. For some people, it is a way to make watching their favorite sporting events more exciting. For others, it is a way to make some extra money. And for some people, it is simply a way to have some fun and socialize with friends.
Whatever the reason may be, there is no doubt that sports betting is here to stay in New York. With the legalization of online sports betting, it has never been easier or more convenient to bet on sports.
In conclusion, sports betting is a popular pastime in New York and is only getting more popular. The most popular sporting events to bet on are football, basketball, and baseball. People love to bet on sports for many reasons, including that it makes watching their favorite sporting events more exciting and can be a way to make some extra money. With the legalization of online sports betting, it has never been easier or more convenient to bet on sports. So if you want to get started with sports betting, check out one of the many licensed online sportsbooks in New York.