NY mobile sports betting handle and revenue slip to record low in June

| By Robert Fletcher
Players in New York spent $1.05bn (£876.9m/€1.04bn) on mobile sports betting in June, the shortest monthly total since the regulated market launched in January, while revenue also fell to a record low.
New York mobile betting applicants revealed

The total amount wagered by consumers during the month was 16.7% down from $1.26bn in May, which was incidentally the previous lowest monthly handle in New York, and marked the third consecutive month of decline.

Gross gaming revenue from mobile sports betting also declined 34.1% month-on-month to $72.4m, also surpassing the previous record-low of $82.4m set in February.

Looking at individual operators, Flutter Entertainment-owned FanDuel Group remained the clear market leader with $39.6m in revenue from $472.9m in total bets.

DraftKings placed second with $16.4m in revenue off a handle of $270.2m, ahead of Caesars Sportsbook with revenue of $6.3m and a $156.4m handle. BetMGM also posted $6.3m in revenue, albeit with a lower handle of $92.4m.

Rush Street Interactive followed with $1.8m in revenue and $25.3m in player spending, then PointsBet followed with revenue of $1.7m and a $20.8m handle.

WynnBet took $6.9m in total bets and generated $292,551 in revenue, while Resorts World posted just $32,669 in revenue from $6.8m in wagers.

The latest monthly figures come after last month it was revealed that New York State Senator Joseph P. Addabbo, Jr was co-sponsoring a bill that would establish a new gambling harms body, the Problem Gambling Advisory Council.

The Council would advise the governor’s office as well as the legislature on issues arising from problem gambling and recommend ways to make prevention and treatment more accessible.

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