FanDuel generated $15.2 million in New York mobile sports betting revenue for the week ending 16 June, from $137.7 million in wagers, according to state Gaming Commission figures. The state’s nine online operators reported $32.2 million in combined revenue and an estimated $16.4 million in state taxes.
New York’s weekly revenue and tax figures show the mobile betting market’s financial contribution.
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The New York State Gaming Commission petitioned a Manhattan court on 22 October to require Kalshi to respond to subpoenas in an investigation into possible state gambling-law violations. It seeks records on sports contracts, advertising, users under 21 and corporate ownership, saying the material will help determine whether civil penalties are warranted; Kalshi maintains its contracts are federally regulated financial products.
A New York special master ordered KKR and Shamrock Capital to submit select privileged communications for confidential in camera review in a lawsuit brought by FanDuel co-founder Nigel Eccles and more than 100 co-plaintiffs. Special Master Alan Scheinkman's 33-page order limits the review to FanDuel's pre-sale valuation, the firms' drag-along rights and the founders' expected payout. The order stops short of ruling that the defendants breached fiduciary duties under Scots law.
The New York State Gaming Commission says it is reviewing FBI documents concerning a horse-doping case after an investigator received records in 2023 and did not act on them or share them with relevant staff. The commission said the investigator has been placed on administrative leave; prosecutors linked the doping scheme to at least 20 horse deaths.
FanDuel recorded a hold of at least 10% for 10 consecutive weeks in New York, according to figures released by the New York State Gaming Commission. For the week ending 14 July, it reported a 12.7% hold, with $14.8 million in revenue from nearly $117 million in handle.
DraftKings generated USD27.3 million in mobile sports betting revenue in New York for the week ending 21 April, according to figures released by the New York State Gaming Commission. The nine betting apps reported USD57.3 million in combined revenue on USD454.8 million in wagers, while estimated state tax receipts were USD29.2 million.