The New York State Gaming Commission has reported that online sportsbooks have once again accepted more than $1 billion in wagers over a single month as New Yorkers wagered $1.35 billion during May.
According to the report, the state’s nine active online sports betting operators generated combined gross gaming revenues (GGR) of $151.89 million during May resulting in $77.5 million in tax revenue for the state.
The latest figures mean that New York sports betting has New York Sports Betting Tops $1 Billion in Wagers for Ninth Consecutive Month. It is only the third state to do so after New Jersey and Nevada. The latest reports also reveals that New Yorkers have now wagered more than $22 billion on sports through mobile sportsbooks since the industry launched in January 2022 generating over $2 billion in GGR. Once again, New York is only the third state to report such figures behind New Jersey and Nevada.
May was also the ninth month in a row that combined retail and mobile sports betting topped $1 billion in New York. This is a new record for US sports betting.
FanDuel and DraftKings lead the pack
FanDuel and DraftKings combined to take in more than $1.03 billion in wagers during the month of May accounting for 77% of the sports betting market.
| Operator | Handle | GGR |
|---|---|---|
| FanDuel | $561.4 million | $75,997,094 |
| DraftKings | $471.1 million | $47,720,457 |
| Caesars | $162.8 million | $13,911,177 |
| BetMGM | $93.7 million | $8,852,178 |
| BetRivers | $35.9 million | $3,222,369 |
| PointsBet | $19.0 million | New York Sports Betting Tops $1 Billion in Wagers for Ninth Consecutive Month|
| WynnBet | $7.8 million | $461,011 |
| Resorts World Bet | $4.2 million | $416,605 |
| Bally Bet | $2.2 million | New York Sports Betting Tops $1 Billion in Wagers for Ninth Consecutive Month|
| Total | $1.35 billion | $151.89 million |
Ciaran has been working within the Gambling Industry as a deep analyst since 2019. His deep knowledge and understanding of all the gambling regulations, and processes makes him a true asset, and an always valuable point of view for Gambling Industry News, allowing us to cover every topics from a brand new perspective.