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New York mobile sports betting handle declines in February


Mobile sports betting handle in New York fell year-on-year in February, while both spending and revenue were also lower than the record figures posted in January.

Consumer spending on sports betting in February amounted to $1.47bn, down 3.9% from $1.54bn in the same month last year and also 17.9% behind the record $1.79n wagered in January 2023.

In terms of gross gaming revenue from mobile betting, this reached $108.3m in February, a 31.4% increase from $82.4m last year but 27.5% shy of the record $149.4m generated in January of this year.

Breaking down the monthly performance by individual operator, Flutter Entertainment-owned FanDuel Group retained its grip on top spot by posting $53.5m in revenue from a $591.0m handle.

DraftKings ranked second with $33.5m in revenue off $491.3m in wagers, then Caesars with $8.5m from $192.8m. BetMGM also had a good month after posting $7.5m in revenue and a $107.7m handle.

Rush Street Interactive was next with revenue of $2.4m from $37.6m in total bets, ahead of PointsBet with $1.9m from $29.7m.

Resorts World reported $484,445 in revenue and a $5.4m handle, while Wynn Interactive had a higher handle of $10.3m, but revenue was slightly lower at $470,549.

Completing the market was BallyBet, which posted $18,451 off a $1.2m handle.