Bet365, a prominent name in the world of sports betting, has renewed its partnership with the Professional Darts Corporation (PDC) as the title sponsor for the annual US Darts Masters tournament in New York City. This extension marks the third consecutive year of collaboration between Bet365 and PDC for this prestigious event, held at The Theater at Madison Square Garden. The tournament features eight of the world’s best darts players competing for the highly coveted North American prize.
Bet365’s Perspective:
A spokesperson from Bet365 expressed excitement about the extension, stating, “Bet365 is thrilled to continue our partnership with the PDC for two more years of thrilling darts action in New York. The Bet365 US Darts Masters has become an unmissable event for darts fans in the USA, and we can’t wait to return to the iconic Theatre at Madison Square Garden next year.”
PDC Chief Executive’s View:
PDC Chief Executive Matt Porter highlighted the significance of the US Darts Masters in the World Series of Darts events. He stated, “The US Darts Masters is one of our most popular events, and we’re delighted that Bet365 has extended their support for both this tournament and the North American Championship. The Theater at Madison Square Garden has become a true home for these events; we’ve experienced fantastic atmospheres in the last two years, and anticipation is already building for our return in 2024.”
Key Event Details:
The US Darts Masters, held at The Theater at Madison Square Garden, showcases top-tier darts talent from around the world. The tournament format pits eight elite players against each other, creating a thrilling spectacle for fans. With Bet365’s continued sponsorship, the event promises to maintain its status as a must-attend competition for darts enthusiasts in the USA.
Record-Breaking Sports Betting in New York:
In a separate development, New York has achieved a remarkable milestone in the realm of sports betting. The state’s mobile sports betting handle reached an unprecedented $2 billion in October, marking a 17.6% increase compared to September. This achievement makes New York the first market in the United States to surpass $2 billion in sports bets in a single month.
Revenue and Tax Implications:
Accompanying the surge in betting activity, revenue in October reached $166.3 million, surpassing the previous record set in September at $165.6 million. Notably, New York operates with a 51% tax rate, contributing significantly to the state’s coffers. The state collected $84.8 million in taxes from the robust sports betting activity in October.
New York’s Mobile Sports Betting Success:
The success of New York’s mobile sports betting can be attributed to a combination of factors, including the accessibility of betting platforms, a diverse range of sports offerings, and the convenience of mobile wagering. The positive reception from bettors has solidified New York’s position as a thriving hub for sports betting, setting a benchmark for other states to emulate.
As Bet365 extends its sponsorship of the US Darts Masters, the partnership continues to elevate the profile of darts in North America. Simultaneously, New York’s record-breaking sports betting figures underscore the growing popularity of legal sports wagering in the state. The convergence of these two developments highlights the symbiotic relationship between sports betting operators and major sporting events, contributing to the overall expansion and success of the industry.