DraftKings CEO Jason Robins said the launch of legal online sports betting in New York cannibalized its existing daily fantasy sports product during Q1.
While FanDuel Sportsbook has dominated the NY sports betting market, bettors will need to get used to receiving lesser promotions than in other states.
Online sportsbooks in New York exceeded $1 billion in handle for the fourth straight month, but the total stands as the industry's lowest since launch.
Sen. Joe Addabbo wants to include fixed-odds horse racing with NY sports betting apps as well as expand the industry and legalize New York online casinos.
The Brooklyn Nets became the first NBA team dating back to 1984-85 to open as a consensus sports betting championship favorite and win zero playoff games.