New York mobile sports betting jumps 28% 

Finance News

New York already had one of the largest online sports betting markets in the US. Right before the turn to 2023, the state saw the sports betting handle total over $16 billion.

Activity has continued to thrive, with NY sports betting reaching $25 billion in handlefaster than any other state in the country.

FanDuel and DraftKings account for nearly 80% of all mobile action in New York.

The final figures will not be known until the NYSGC releases figures from the state’s four retail sportsbooks, though that total of roughly $10 million will merely polish off the Empire State’s second straight month with more than $2 billion of accepted wagers. It became the only state to reach the benchmark in October, and last month’s handle from sports betting apps increased by 5.1%.

DraftKings had an even higher year-over-year bounce in handle as the $732.1 million was an increase of 46.8% and topped its previous high of $710.5 million in September. 

FanDuel’s handle was up 43.2% compared to 12 months ago, the $69.2 million in revenue was down 11.6%. FanDuel’s 7.5% hold was its lowest in a month since its all-time low of 4.1% in February 2022