New York mobile sports revenue dropped by 6.8 percent compared to March 2023.
Just 12 months ago, the Empire State generated $162.8Million in sports betting revenue so the decline will come as a slight surprise.
Even more so considering sports betting handles in the Big Apple improved both month-on-month and year-on-year. Flutter Entertainment’s FanDuel once again led the way in March 2024.
They posted a revenue of $73.1m from the handle of $781.2m. DraftKings were a way off their competitors, with revenue of $48.8m from the handle of $612.2m.
New York Mobile Sports Betting
Online sports betting in New York City has proven extremely popular since it was legalized in January 2022. After just four weeks of operation, approximately $2.4Billion was spent across the state’s first four sites.
Throughout the whole of 2023, a reported $1.75 bn was posted in online sports betting revenue. New Jersey posted an impressive $1 bn over last year as well.
With global sporting events such as the 2024 European Championship and Olympic Games still to come this summer, it wouldn’t be a huge surprise to see the $2 bn barrier broken.
To date, there are nine sportsbook operators in New York. They include BallyBet, BetMGM, BetRivers, Caesars, DraftKings, FanDuel, and Resorts World Bet.
FanDuel continues to be the #1 choice for residents and tourists who are looking to place mobile sports bets. NY locals will typically use the betting operator to bet on the likes of the Yankees, Mets, Giants, Jets and Rangers.
The fact that FanDuel has partnerships with New York-area teams helps create a foundation of trust. They are also headquartered in the city which adds to their growing reputation.
Those who are looking for competitive odds will typically rely on FanDuel. They are renowned for having appealing prices and a wide variety of markets.
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