New York sportsbooks set new sports betting record in January

Gross gaming revenue from mobile sports wagering was $149.4m.

02/10/23

New York’s sports betting handle reached $1.79bn.

US.- New York’s online sports betting handle was $1.79bn in January, setting a new record. The previous high was $1.67 in January 2022 when the state launched its legal o nline betting market. The handle also represents a rise of 10.2 per cent from the $1.62bn recorded in December 2022.

The New York State Gaming Commission reported that gross gaming revenue from mobile sports wagering was $149.4m, also a record figure. Revenue was up 20.4 per cent from $124.1m in January last year and 5.4 per cent from $141.8m in December. The previous record for revenue was $14.2m in November.

FanDuel remained the most popular sportsbook in New York, taking in $726.7m in bets and making $81.9m in revenue. In second place was DraftKings, which took $593.4m in bets and generated $39.8m in revenue. Caesars Sportsbook recorded $223.7m in bets and $15m in revenue.

BetMGM followed with $7.2m in revenue from $112.9m in wagers, ahead of PointsBet with $3.1m from $58m and Rush Street Interactive with $1.9m from $47.6m. Wynn Interactive saw revenue of $237,385 from a $10.5m handle, Resorts World $202,984 from $5.4m and BallyBet’s $82,934 from $959,234.

The handle for 2022 as a whole surpassed $15.8bn while gross gaming revenue was $1.3bn and state tax revenue $680m.

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New York State Gaming Commission sports betting