Players in New York spent $2.28 billion (£1.88 billion/€2.23 billion) betting on sports online in December, the second highest monthly amount since the state opened its legal market in January 2022.
The December total beat the previous year by 11.1% and is also 0.7% ahead of November’s figure. However, it fell 1.7% short of the record $2.32 billion wagered in New York in October 2024.
Gross gaming revenue reached $150.4 million in December. This is 20.1% less than the same month in 2023 and some 35.1% behind November’s record $150.4 million haul.
This resulted in a state-wide hold of 6.59% for the month, according to data from the New York State Gaming Commission.
The decline in revenue was to be expected, given the number of customer-friendly sports results in late 2024. Several operators have highlighted the impact that has had on their full-year results.
Last week, Flutter warned the “very unfavourable” sports results meant it would fall some $370 million below revenue expectat..
