New York mobile sports betting shows strong performance in latest fiscal year
New York's mobile sports betting market remains robust – with December's handle rising year-on-year and handle figures for the fiscal year 2024/2025 so far reaching $17.05bn.
Key points:
– New York’s fiscal year to date mobile sports wagering handle reached $17.05bn
– Gross Gaming Revenue (GGR) totalled $1.55bn for the same period, with significant contributions to education
– Over $6m allocated for problem gambling education and $5m for youth sports programs
The New York State Gaming Commission has released its latest report detailing the performance of the mobile sports wagering sector for the fiscal year to date (FYTD) 2024/2025, which runs from April 2024 to March 2025.
The data reveals a total handle of $17.05bn for the fiscal year so far, generating $1.55bn in gross gaming revenue (GGR) – with $790.4m directed to education initiatives during this period. Further, this brings the full year 2024 handle figure up to $22.6bn.
The previous fiscal year 2023/2024 saw a total handle of $19.64bn, producing $1.76bn in GGR and contributing $898.5m to education. However, with three month’s worth of results still to come for 2024/2205 – the final month of which is March Madness – it is likely that New York will surpass it’s previous recorded fiscal year handle.
Good to know: 2023/2024 marked significant growth from fiscal year 2022/2023, which recorded a handle of $16.40bn and GGR of $1.46bn
*Note: This graph represents figures from 2024/2025’s FYTD
Recent monthly data indicates seasonal patterns in betting activity, with notable increases during the fall sports season.
December 2024 recorded a handle of $2.28bn, generating $150.4m in GGR. November 2024 proved particularly successful, with GGR reaching $231.6m from a $2.27bn handle.
The state’s revenue sharing model continues to maintain a consistent structure, with approximately 51% of GGR allocated to platform providers and the remainder, minus adjustments and penalties, directed to educational programs.
These educational funds include specific allocations for problem gambling education and treatment ($6m) and youth sports activities ($5m).
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