New York mobile sports betting jumps 28%
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