New York has once again broken its online sports betting revenue record in January, with operators combining to generate $211.5m in GGR.
New York has once again broken its online sports betting revenue record in January, with licensed operators combining to generate $211.5m in GGR.
This marked a 12.3% increase from the previous record of $188.3m set last month in December 2023.
Handle for the month reached $1.96bn, representing an 11.5% annual increase from January 2023 ($1.79bn) but a 2.3% sequential decrease on December 2023 ($2.04bn).
However, January marked the end of a streak where New York bettors consistently wagered more than $2bn on online sports betting for three months straight, starting October 2023.
Flutter Entertainment’s FanDuel brand continues to lead the pack.
Last month, FanDuel generated $109.2m in online sports betting revenue, marking the highest figure ever reported by a single operator in New York, handling $867.1m in wagers for January.
Meanwhile, DraftKings secured second spot with $71m in revenue, also marking its highest monthly total to date. The operator took bets totalling $664.8m.
Caesars Sportsbook secured third place, generating $13.6m in revenue from $198m in bets throughout the month.
Following closely was BetMGM with $10m in revenue from a $118.8m handle, trailed by Rush Street Interactive with $3.5m from $50.1m.
PointsBet came next, reporting revenue of $2.6m and a handle of $31.7m.
Resorts World Bet recorded $752,478 from $6.9m in bets, while Bally Bet reported $425,689 in revenue from a $9.4m handle.
Wynn Interactive concluded the market rankings with $358,497 in revenue from an $8.8m total spend.
Last month, fresh legislation was lodged to bring iGaming to New York as State Senator Joseph Addabbo Jr. reintroduced a bill aimed at legalising online casino in the state.
The proposed Senate Bill S4856 outlines provisions for operators to offer online casino services for a single license fee of $2m, with iGaming revenue subject to a 30.5% tax rate.
However, a potential tax windfall from iGaming was not included in New York Governor Kathy Hochul’s 2025 budget, striking a sizeable blow to any near-term legislative prospects.