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New York smashes sports betting revenue and handle records in January


Players in New York spent a record amount betting on sports online in New York in January, while the state also set a new monthly revenue record.

Handle for the month amounted to $1.79bn, surpassing the previous record of $1.67bn set in the same month last year, though the January 2022 figure only included part of the month as legal sports betting did not launch in the state until January 8.

The January 2023 figure was also 10.2% higher than the $1.62bn recorded in the final month of 2022.

Gross gaming revenue amounted to a record $149.4m, up 20.4% from $124.1m in the January period last year and 5.4% ahead of $141.8m in December. This also surpassed the previous monthly record of $14.2m set in November by 0.8%.

Breaking this down by individual operator, Flutter Entertainment-owned FanDuel remained the frontrunner in New York with $81.9m in revenue off a $726.7m handle for the month.

DraftKings was second with revenue of $39.8m and a $593.4m handle, then Caesars with $15.0m from $223.7m in bets.

BetMGM followed with $7.2m in revenue from $112.9m in total wagers in January, ahead of PointsBet with $3.1m from $58.0m and Rush Street Interactive with $1.9m off $47.6m.

Rounding up the market, Wynn Interactive had revenue of $237,385 and a $10.5m handle, Resorts World posted $202,984 in revenue and a $5.4m handle, while BallyBet’s revenue amounted to $82,934 from $959,234 in bets.