New York’s sports betting handle was $1.26bn in May, the lowest monthly total since the state opened its regulated online wagering market in January. The figure was 9.4 per cent lower than the $1.39bn wagered in April.
Gross gambling revenue from mobile sports betting in May reached $109.8m, 5.5 per cent higher than the $104.1m reported in April but lower than the $114.3m reported in March and $124.1m in January.
Flutter Entertainment-owned FanDuel Group reported $63.9m in revenue from $552.6m in wagers. DraftKings reported $21.5m in gross gambling revenue and a handle of $313.6m, and Caesars Sportsbook revenue of $10.8m from $192.7m in bets.
BetMGM posted revenue of $7.9m and a $123m sports betting handle, PointsBet $2.9m in revenue from a $33.8m handle, Rush Street Interactive $1.8m of revenue from $31.3m in bets, WynnBet $786,588 in revenue from a $9.8m handle and Resorts World $236,096 from $6.7m in bets.
READ HERE: Upcoming casinos for New York, good news
According to figures from the New York State Gambling Commission, legal online bookmakers reported a combined handle of $7.152bn from January 8 to May 22. FanDuel Sportsbook registered the largest handle of the eight licensed providers at $2.75bn. DraftKings Sportsbook registered $1.73bn and Caesars Sportsbook $1.58 bn.
The state has collected $263.4m in tax revenue from mobile sports betting. New York’s 51 per cent tax on mobile wagering revenue is the highest in the nation along with New Hampshire’s.
No Copyright infringement intended. Video/Photo Unknown Direct for credits/issue or text us +57 3606412 ... | Respect to Photographers & Influencer
