New York Bettors Claim Knick Victory
In June, New Yorkers bet over $2.2 billion on sports, driven by the Knicks' NBA Finals victory as underdogs. Despite the high betting volume, sportsbooks experienced a $14.4 million loss in gross gaming revenue, with basketball being the most wagered sport. The NBA Finals generated over $1 billion in mobile bets, and the World Cup boosted sports wagering by nearly 50%, resulting in a $85 million net gain during that period.
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