New York mobile sports betting handle exceeds $2bn for third consecutive month
Gross gaming revenue was at its highest for 2023 in the final month of the year.
The New York Gaming Commission has reported its mobile sports wagering figures for December 2023, recording $188.3m in gross gaming revenue (GGR).
This amount was the highest monthly GGR the Big Apple had registered throughout the entirety of 2023 and represented a 32.8% year-on-year increase.
Net revenue to education was therefore also at its highest for 2023 for December, sitting just shy of the $100m mark, with the total hitting $96m.
Mobile sports wagering handle did make a slight decline in December when compared to November, which was of course the highest month ever recorded, sitting at $2.11bn.
But the figure for December mobile sports wagering handle was $2.04bn, which still means the last three months in a row have hit the $2bn mark since New York became the first state to do so in October.
Compared to December 2022, this figure represents a year-on-year increase of 25.8%.
Looking on a more individual basis, FanDuel’s GGR in December was just shy of $100m, being valued at $93.6m, up from $69.2m in November.
DraftKings was behind FanDuel with its GGR, hitting $65.2m, which wasn’t the case in Ohio, where DraftKings edged FanDuel for the state’s November online sports gaming taxable revenue.
BetMGM, for the fourth consecutive month, recorded in excess of $100m for its mobile sports wagering handle, reaching $126.5m in December.
In other news related to New York, towards the end of last month, 10 Times Square property owners joined together in support of the proposal to bring a Caesars Palace Times Square casino to 1515 Broadway.
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