New York’s gaming commission reported that mobile sports betting handle passed $40 billion by the week ending 17 March. The nine operators accepted $445.3 million in wagers that week and generated $40.2 million in revenue, according to the reported figures.
The figures give operators and regulators a measure of New York’s mobile betting activity and revenue.
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New York reported $2.47bn in mobile sports betting handle for January, an 8.77% rise from December and a record, according to the report. Gross gaming revenue reached $247m, and $149m was contributed to the Education Fund after adjustments, fines and penalties.
New York’s Gaming Commission reported $36.7 million in mobile sports betting revenue for the week ending 7 July. FanDuel recorded $14.37 million, $59,702 more than DraftKings, while the nine apps accepted $323.9 million in wagers and generated an estimated $18.7 million in state tax revenue.
The New York State Gaming Commission reported $45.5 million in mobile sports betting revenue for the week ending 26 May, taking cumulative tax revenue from operators above $2 billion. The nine operators paid $23.2 million in taxes for the week, with a 51% tax rate applying to the market.
New York reported $19.6bn in mobile sports betting handle and $1.76bn in gross gaming revenue for the 2023/24 fiscal year. In March, handle was $1.85bn and gross gaming revenue was $151.7m; March revenue was down 6.8% year on year.
New York’s Gaming Commission reported $56.9 million in mobile sports betting revenue for the week ending 10 December 2023. The nine apps recorded a combined 13.9% hold, with the revenue figure ranking third among 101 weeks of mobile wagering in the state.