New York Sets National Record for Monthly Sports Betting Revenue

New York Sets National Record for Monthly Sports Betting Revenue
Fact Checked by Pat McLoone

Mobile New York sports betting ended last year with revenue record. Now, it is starting 2024 with more records as official figures for January were released by the New York State Gaming Commission (NYSGC) late on Friday.

January’s total revenue for both mobile and retail combined came in at $211,706,706. That is up a solid 11.8% from December ($189,287,146). More importantly, it establishes new state and national records. Last month was the previous New York mark. The old national mark, recorded this month, was $209,037,382 by Ohio.

Mobile sports betting gross gaming revenue (GGR) for January posted at $211,504,815, up a significant 12.3% from December ($188,300,120), also new state (December 2023) and national records. The previous national mark was $205,734,730 by Ohio, set this month.

Legislators were certainly happy in Albany as taxes collected from mobile sports betting totaled $107,867,456 in January, an $11.8 million increase from December’s $96,033,061, which broke the old state and national records.

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No Records for Handle

One downside: The state’s total sports betting monthly handle for the month was sub-par, coming in with a combined mobile and retail number of $1,965,468,151. That is a decrease of 4.3% from December ($2,053,736,710). New York sports betting apps came in at$1,955,590,364, down 4.2% from December ($2,041,931,893).

January’s top five mobile handles by operator:

  • FanDuel NY $867,058,410
  • DraftKings $664,793,870
  • Caesars $197,998,552
  • BetMGM $118,847,480
  • BetRivers $50,131,180.

The top five mobile GGR by operator:

  • FanDuel $109,174,169
  • DraftKings $70,966,969
  • Caesars $13,646,162
  • BetMGM NY $10,012,451
  • BetRivers $3,535,080.

New York Mobile Sports Betting, January vs. December

 
Total mobile handleMobile Revenue
 January $1.956B $211.505M
 December $2.042B $188.300M
Change  Down 4.2% Up 11.8%

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Author

Lou Monaco had been East Coast Scene columnist for Gaming Today in Las Vegas since June 2019, covering the East Coast sportsbook scene with emphasis on NJ and PA. He also currently is a part-time writer for the high school sports department for NJ Advanced Media (NJ.com) in Iselin, NJ. Lou has over 30 years sports experience with previous stints at ESPN SportsTicker, Daily Racing Form and Oddschecker.

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