The New York State Gambling Commission, the state agency in charge of sports betting, has released a report detailing the activity of mobile sportsbooks in the state for the month of January. Statewide mobile wagers reached a record $1.79 billion.
New York State first permitted mobile sports betting in early January of 2018. The state's all-time high for wagers placed was $1.67 billion, established back in 1998. Since the introduction of mobile betting, the total handle has consistently exceeded $1 billion every month, with the exception of July and August, when it decreased to roughly $800 million.
January had the greatest GGR for mobile betting since the activity's inception, in addition to a record betting handle. A record $149.4 million in gross gaming revenue was generated through mobile betting in March. Before this outcome, the closest GGR was in November 2022, when it reached $148.2 million.
According to casino news reports, the gaming authority published a more detailed breakdown of the most recent numbers, showing the percentage of money earned by the platform providers and the state. The $148.2 million in GGR is split as follows: mobile sportsbooks take in $73.2 million, while the state receives $76.2 million. Both the state and the platform providers may take pride in those two statistics, since they reflect the greatest possible outcomes.
In addition, the regulator revealed data showing that FanDuel, DraftKings, and Caesars Sportsbook were the three mobile betting operators with the greatest betting handle in the month of January. Caesars reported $627.4 million in betting handle during the first month of mobile sports betting operations in New York, which was January of last year.
Nonetheless, Caesars posted the third-highest betting handle this year in January, which is still quite impressive. Last month, the sportsbook's betting handle was $223.7 million, and $15 million in gross gaming revenue was generated through mobile sports betting. A total of $7.6 million was collected for the state and Caesars received $7.3 million after expenses.xample Text