New York Mobile Sports Betting Yield Record $165.6m in September
LISTEN TO THIS ARTICLE:In September 2023, New York recorded an impressive mobile sports betting revenue of $165.6 million and a six-month high record handle of $1.76 billion.
According to data released by the New York State Gaming Commission, revenue in September increased by 15.6% compared to $143.3m in the same month in 2022. It also marked a significant 68.1% increase from the $98.5 million in August.
With $1.76 billion wagered, the handle rose 39.7% compared to the $1.26 billion received in September 2022. It is also 58.6% higher than $1.11 billion in August 2023.
The handle was also the second-highest amount spent on sports betting this year in New York, trailing March’a record spending of $1.79 billion.
FanDuel Retains Leading Position
Per operator, FanDuel, owned by Flutter Entertainment, maintained its position as the revenue leader in the New York betting market. It reported $76.9 million in gross gaming revenue (GGR) for September and handled $682.5 million in mobile wagers.
DraftKings secured the second position with $61.4 million in GGR. However, it boasted the highest handle in the state at $710.5m. It was followed by Caesars with a GGR of $12.6m and a $174.0m handle.
BetMGM was next with $8.2 million in GGR and $100.7 million in mobile wagers. Rush Street got $4.2m GGR from a $50.1m handle.
PointsBet reported $1.6m in GGR from a handle of $23.8m. September marks the final month of its operation under the PointsBet brand, following its recent acquisition by Fanatics Betting and Gaming in New York and Wyoming.
Resorts World achieved $246,386 in GGR from $6.8m in total bets. Wynn Interactive recorded $366,842 in GGR from a $10.9 million spend.
Bally Bet didn’t operate in September as it had closed earlier in July in a bid to further enhance its offering in New York. Having decided to outsource its online and land-based sports betting technology infrastructure, Bally Bet’s relaunch in the state will be supported by Kambi and PAM platform solution provider White Hat Gaming.
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