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 passed the $1 billion mark in all-time tax revenues. 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 | $1,213,648 |
| WynnBet | $7.8 million | $461,011 |
| Resorts World Bet | $4.2 million | $416,605 |
| Bally Bet | $2.2 million | $173,560 |
| 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.