Tag: New York Gaming Commission

Monthly player spending on sports betting in New York dropped below $2 billion (£1.53 billion/€1.82 billion) for the first time in six months during February, although the state was able to report year-on-year growth across handle and revenue.

Players in New York wagered a total of $1.98 billion in February. This is 11.2% ahead of last year but 20.2% behind January’s record $2.48 billion sports betting spend.

Monthly handle has not been this low since $1.44 billion was wagered in August last year.

Data from the New York State Gaming Commission also reveals that revenue in February reached $184.8 million. The figure is 40.8% more than February 2024 but 25.2% less than January’s record $247 million haul.

As such, monthly sports betting hold in the state was 9.24%.

FanDuel still the one to beat in New York

Breaking down the market, Flutter Entertainment’s FanDuel remains the leader in New York. During February, it took $738.5 million in wagers and posted revenue of $92.5 million for..

New York set new monthly records for online sports betting handle and revenue in January as the state marked three years since launching its regulated market.

Player spending on mobile sports betting in January topped $2.48 billion (£2.01 billion/€2.41 billion). This surpasses the existing New York record of $2.32 billion, set in October last year, by 6.9%.

The January handle total is also 25.9% higher the same month last year. New York opened its legal online betting market in January 2022.

In terms of gross gaming revenue, data from the New York State Gaming Commission places this at $247.0 million for the month. This is another new record, surpassing the $231.6 million reported in November 2024 by 6.7%.

As for year-on-year comparison, revenue in January 2025 was 16.7% higher than in 2024.

This resulted in a monthly hold of 9.96% for the Empire State in January.

FanDuel sets operator records in New York

Looking to operators, FanDuel set several new monthly records for individu..

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..