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New York sports betting revenue hits record $148m in November


New York reported record online sports betting revenue for the third consecutive month in November, while player spending was also up month-on-month.

Gross gaming revenue (GGR) amounted to $148.2m, edging out the previous monthly-high of $145.7m set in October by 1.7%.

In terms of handle, consumers wagered a total of $1.56bn in November, which was 0.7% up from $1.54bn in October and also the highest monthly total since $1.64bn was bet during March this year.

Flutter Entertainment-owned FanDuel remained New York’s market leader in November by posting $78.3m in revenue from $646.2m in player wagers.

DraftKings was second with $42.3m in revenue and a $498.7m betting handle, then Caesars Sportsbook with $14.9m off $200.3m in bets.

Next, BetMGM generated $8.0m in GGR from $111.4m in bets, while Rush Street Interactive posted $2.3m in revenue off a $38.8m, and PointsBet $2.1m from $80.8m.

Resorts World reported $100,021 in revenue from $5.4m in wagers, while Wynn Interactive was close behind on $90,899 off an $11.5m handle. BallyBet rounded off the market with just $39,718 worth of GGR from $677,545 in bets.

New York promo crackdown

The latest monthly figures come after a New York legislator this month introduced a bill calling on the state regulator to crack down on “predatory sportsbook bonuses”. The bill – Senate Bill 9605 – was introduced by senator Pete Harckham.

It says that the New York State Gaming Commission must “promulgate rules and regulations regarding predatory sportsbook bonuses in mobile sports betting, including but not limited to, deposit, matching, risk-free betting, free money, free bets, site credits and profit boosts”.

The introduction of the bill followed the publication series of articles about the sports betting industry two weeks ago in the New York Times. These articles, discussing industry lobbying and marketing tactics, were criticised by a number of industry trade groups and individuals.

The bill has been referred to the Senate Rules Committee.