New York mobile sports wagering generates 16% higher GGR in September
Mobile sports wagering reached $165.6m in New York compared to last year, while commercial casinos were down 3%.
The New York Gaming Commission has released its September 2023 financial report, outlining statewide results in the commercial casino, mobile sports wagering and video gaming sectors, respectively.
From this time last year, the total GGR for commercial casinos was down $2.1m, from $61.7m in September 2022 to $59.6m in September 2023.
Reflecting on the four commercial casinos reported on by the NY Gaming Commission, this is an overall decrease of 3%, presenting a small but notable overall decrease that is not reflected in the other sectors reported on.
Mobile sports wagering’s GGR in September 2023 was $165.6m, reflecting a 16% increase from last year’s report. At this time last year, the GGR for mobile sports wagering was $143.3m. Notable contributors to this figure included FanDuel, whose GGR was at $76.9m in September 2023 compared to $65.7m in September 2022, and DraftKings, whose September 2023 GGR was $61.4m, compared to $44.9m this time last year.
While not as significant in growth as mobile sports wagering, video gaming also brought in a higher income than last year, with the sectors net win for September 2023 at $191.7m – a 6% increase from last year’s net win of $180.2m.
Overall, despite the slight dip in revenue from commercial casinos, the New York gambling industry is up. These figures may reflect the changing tastes of players as they shift more towards online gambling than land-based casinos, however also indicates that the land-based casino sector is still profitable and enjoyed by players.
While not as significant in growth as mobile sports wagering, video gaming also brought in a higher income than last year, with the sectors net win for September 2023 at $191.7m – a 6% increase from last year’s net win of $180.2m.
Overall, despite the slight dip in revenue from commercial casinos, the New York gambling industry is up. These figures may reflect the changing tastes of players as they shift more towards online gambling than land-based casinos, however also indicates that the land-based casino sector is still profitable and enjoyed by players.
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