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. 

New York online sports betting financial report
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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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