SPORTS BETTING
New York’s online sports betting revenues up 21 per cent in 2023
By Phil - 8 April 2024
New York’s online sports betting revenue reached $1.76bn in 2023, up 20.6 per cent, with bettors in the Empire State placing $19.64bn of online bets, up 19.8 per cent from last year’s figure.
The market was once again led by FanDuel and DraftKings. FanDuel processed $8.10bn in online bets producing revenue of $845.8m whilst DraftKings produced $619.6m in revenue from handle of $7.02bn. Caesars came in third place with revenue of $140.4m and $2.03bn in bets place.
Fourth-placed BetMGM also generated more than $1bn in bets during 2023, giving revenue of $86.1m.
Rush Street was fifth, followed by Fanatics, Resorts World, Wynn and BallyBet.
March, the final month of the fiscal year, saw revenue fall by 6.8 per cent to $151.7m.
