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New York sports betting handle hits nine-month high in December


Consumer spending on mobile sports betting in New York reached its highest total in nine months during December, though revenue fell month-on-month.

The state’s handle for December was $1.62bn, up 3.9% from $1.56bn in November and the third-highest monthly amount since the state launched its legal online betting market in January 2022.

However, gross gaming revenue from sports wagering fell for first time in five months, with the December total reaching $141.8m, down 4.34% from the record $148.2m reported in November.

FanDuel retains top spot

Looking at individual operators, Flutter Entertainment-owned FanDuel remainder the state’s market leader by some distance, posting $67.9m in revenue off a handle of $663.2m.

DraftKings ranked second with $44.7m in revenue and a $523.9m handle, then Caesars with a $15.6m revenue and $214.1m in players wagers.

BetMGM was next with $9.4m in revenue from $116.0m in total consumer bets, ahead of Rush Street Interactive with $2.6m and a $43.0m handle, then Pointsbet with revenue of $711,904 and a $48.0m handle.

Next, Resorts World reported $267,110 in revenue from $5.5m in total bets, while Wynn Interactive generated $409,419 in revenue off $9.4m in wagers, and BallyBet $47,236 off $725,931.