New York Sets U.S. Sports Betting Monthly Revenue Record at $211 Million
· 2024-02-11

New York Sets U.S. Sports Betting Monthly Revenue Record at $211 Million

King of the hill and, once more, top of the heap.

The New York State Gaming Commission reported a United States monthly record of $211.7 million in sports wagering revenue for January on Friday, once more giving the Empire State the “Triple Crown” of sports betting’s top all-time spots in monthly handle, operator winnings, and state tax generated.

Fueled by FanDuel becoming the first mobile sportsbook to surpass $100 million in monthly revenue with about $109.2 million, New York’s revenue figure bettered the previous mark of $209.1 million set by Ohio when it launched in January 2023. Those are the only two monthly totals above $200 million in the post-PASPA era dating back to May 2018 when sports betting became possible in states outside of Nevada.

New York’s previous record for revenue was $189.3 million to close out 2023. January’s total was a month-over-month increase of 11.8% and 41.2% higher than the start of last year as the 10.8% hold was more than 2.4 percentage points higher.

The 51% tax rate on operator revenue means New York also became the first state to surpass $100 million worth of levies in a month. State coffers filled with $107.9 million worth of receipts for January, over $31.6 million ahead of the pace from the opening month of 2023.

About the only thing New York bettors did not do in January was extend the state’s streak of $2 billion monthly handle as the total fell $35.6 million short of that benchmark for a fourth consecutive month. Still, handle was up 9.3% compared to the first month of last year, which was a record at the time at just shy of $1.8 billion.

Only 4 states have posted $100 million monthly revenue totals.#SportsBettingX #GamblingX

— Chris Altruda (@AlTruda73) February 9, 2024

After Caesars Sportsbook was the first mobile book to reach $50 million in monthly revenue during the January 2022 launch, FanDuel has been first to each $10 million increment thereafter. It opened 2023 cresting $80 million and closed it by surpassing $90 million. January’s record follow-up came on the strength of a 12.6% hold against nearly $867.1 million worth of bets placed.

FanDuel accounted for more than 51.6% of the mobile revenue while its market share of handle jumped from 40.9% to over 44.3% thanks to a 19.3% year-over-year increase. Revenue compared to the first month of 2023 was up more than one-third as FanDuel’s win rate was more than 1.3 percentage points higher. The $55.7 million tax bill for January pushed FanDuel’s contributions to New York above $800 million all-time.

Eternal rival DraftKings did what it could to keep pace, setting its all-time high for winnings at just shy of $71 million while attaining a 10.7% hold on $664.8 million handle. Both figures left the Massachusetts-based book short of milestone figures that were achieved during the first week of February when it surpassed $1 billion in all-time revenue and $12 billion in total handle.

BetMGM also welcomed in 2024 with a bang, surpassing $10 million in revenue for the first time by less than $12,500. It had an 8.4% hold on more than $118.8 million handle, which edged BetMGM over $2.7 billion worth of bets accepted in the Empire State. Caesars was denied a third consecutive month with $200 million handle, but ran its streak of eight-figure revenue totals to five with more than $13.6 million in winnings.

Resorts World was the only other mobile book to craft a double-digit hold as the 10.8% overall mobile win rate was the fifth in 25 months of digital betting to clear 10%. WynnBET avoided a third consecutive losing month as it came out more than $358,000 ahead on close to $8.8 million handle, but its 4.1% hold was the lowest of the nine betting apps.

Bally Bet was the only other book with a sub-5% hold, but a record monthly handle of nearly $9.4 million was also enough to set a monthly high for revenue with nearly $426,000. BetRivers rounded out the top five for handle and revenue with $50.1 million and $3.5 million, respectively, while PointsBet notched an 8.3% win rate to keep more than $2.6 million of the $31.7 million in wagers accepted.

热门文章
灰度在iGB L!VE 2026展位T70和你相约7月,一起点燃伦敦的热情!
灰度头条
张侨伟参议员排除全面禁止,敦促菲律宾规范网络赌博
东南亚资讯
印度最高法院受理公益诉讼,要求全国禁封“伪装”成社交游戏的赌博平台
游戏风向
越南博彩管控逐步放宽,惟本土需求仍显乏力
东南亚资讯
密西西比州众议院委员会推进提议增加赌场税的法案
游戏风向
越南在线博彩业政策收紧 催生市场新机遇
东南亚资讯
横跨全球6个城市,灰度8场派对邀你共看世界杯,重塑高质量社交新场景
灰度头条
英国确认各垂直行业的赌博税税率
游戏风向
JILI 宣布与全球板球传奇 AB de Villiers(ABD)达成重磅战略合作
体育游戏
准备好了将你的收益最大化吗?尝试ProPush.me Constructor!
广告营销
巴西颁布新法赋权央行封锁非法博彩账户及 Pix 交易
支付动态
GGC Awards 2026 璀璨科伦坡:致敬 iGaming 行业的领航者与创新力量
灰度头条
BETFAIR 网络攻击80万用户资料泄露
游戏风向
哈萨克斯坦计划对在线赌场促销活动进行处罚
游戏风向
PropellerAds 分享了新的 iGaming 案例研究:在 3 个月实现 97,674 次安装和 12,701 笔存款
广告营销
首页
游戏
合作
发现
我的