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NY sports betting handle and revenue up in May


Sports betting handle and revenue in New York both increased year-on-year in May, though player spending fell to an eight-month low.

Consumers wagered a total of $1.36bn on sports during the month, up 7.9% from $1.26bn in May 2022 but 11.7% lower than $1.54bn in April of this year.

This was also the lowest monthly amount since September 2022, when handle amounted to $1.26bn.

In terms of revenue, this reached $152.0m for the month, a rise of 38.4% from $109.8m in May of last year and also 9.5% ahead of $138.8m in April 2023.

FanDuel retains top spot

Breaking down performance by each operator, FanDuel remained the market leader with $76.0m in revenue from a $561.4m

Next was DraftKings with $47.7m from $471.1m, ahead of Caesars on $13.9m off a $162.9m handle.

BetMGM followed with $8.9m off $162.9m, then Rush Street Interactive with $3.2m from a $35.9m handle, and PointsBet on $1.2m from $19.1m.

Wynn Interactive generated $461,011 in revenue from a $7.9m handle, while Resorts World posted $416,605 off $4.3m. BallyBet rounded off the market with $173,560 from $2.2m in bets.