SPORTS BETTING

US – February marks six months of nine figure revenues for New York sports betting

New York’s sportsbetting sector generated revenue of $108.2m in February, marking the sixth consecutive month revenue reached nine figures in the state.

The market did slow slightly though with the total the lowest amount since the $99.2m generated last August. 

The New York Gaming Commission confirmed that the state collected $55.3m in February.

FanDuel was the leading operator with a 40 per cent share of the market in February, for the fourth consecutive month with $591m in February. DraftKings came in second place with revenue of $33.5m

Caesars Sportsbook came third with $8.5m. Since launching in January 2022, online sports betting in New York has generated over $19bn in accepted wagers, giving $1.6bn in revenue.