Sports betting in New York has reached a record-breaking $2 billion handle in 2020, according to the New York State Gaming Commission. This marks a significant milestone for the state, as it has become the first state in the US to reach such a high handle in a single year.

The $2 billion handle is the total amount of money wagered on sports events in New York during 2020. This number is a huge increase from the $1.2 billion handle reported in 2019, and is a sign of the growing popularity of sports betting in the state.

The New York State Gaming Commission attributes the record-breaking handle to the launch of mobile sports betting in July 2020. This allowed bettors to place wagers on their phones or tablets, making it easier and more convenient to bet on sports. Additionally, the Commission notes that the introduction of new sportsbooks and the expansion of existing ones have also contributed to the increased handle.

The record-breaking handle is a positive sign for New York’s sports betting industry, and it could lead to even more growth in 2021. The Commission has already announced plans to expand mobile sports betting to other parts of the state, and this could lead to even more wagers being placed. Additionally, the Commission has also indicated that it will be introducing new regulations and safeguards to ensure that sports betting remains safe and secure for all participants.

Overall, the $2 billion handle is a major milestone for New York’s sports betting industry, and it is a sign of the growing popularity of sports betting in the state. With new regulations and expanded mobile betting options, 2021 could be an even bigger year for New York’s sports betting industry.