New York breaks online sports betting revenue record

Finance News

In January 2024, the gross gaming revenue of eight operators in the state of New York amounted to $211.5 million, according to a report published by the Gaming Commission.

This marked a record high since the launch of online betting, surpassing the previous record of $188.3 million set in November of the preceding year. The volume of online bets in the first month of 2024 reached $1.96 billion, showing a 41.6% increase from January 2023.

FanDuel emerged as the market leader, generating $109.2 million in revenue with a turnover of $867.1 million, followed by DraftKings with $71.0 million and Caesars with $13.6 million in revenue.