The New York State Gaming Commission has released an enlightening financial update showcasing the thriving state of the sports betting industry. Notably, the monthly gross gaming revenue (GGR) for May once again exceeded the remarkable $200 million mark, a milestone previously only achieved in January 2024 when the state reported a GGR of $211.5 million. This resurgence underscores New York’s stronghold in the competitive world of sports betting, emphasizing the significant 33.8% year-on-year increase.
Mobile sports betting has similarly seen a striking rise, with May’s handle amounting to an impressive $1.97 billion, up 45.9% compared to the same period last year. This figure represents the highest volume of wagers since November 2023 when New Yorkers placed a record-breaking $2.11 billion in bets.
Mobile sports betting has similarly seen a striking rise, with May’s handle amounting to an impressive $1.97 billion, up 45.9% compared to the same period last year. This figure represents the highest volume of wagers since November 2023 when New Yorkers placed a record-breaking $2.11 billion in bets. Dominating this thriving landscape is FanDuel, which remains the market leader with a GGR of $88 million and a betting handle of $747.5 million. DraftKings follows closely with a GGR of $84.2 million from a handle of $812.3 million, while Caesars secured third place with a handle of $160 million, yielding a GGR of $11.1 million.
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