New York mobile sports betting handle rises to $2.15 billion in April

Players in New York spent $2.15 billion betting on sports online during April, a year-on-year rise of 9.1%, while revenue in the Empire State also increased.

Spend surpassed the $1.97 billion wagered on sports in April of 2024, figures from the New York State Gaming Commission showed. However, the monthly total fell 12.2% short of the $2.45 billion bet in March this year.

As for revenue, this reached $192.7 million during April. Again, this was more than last year, by 4.7%, and was also 18.9% ahead of March despite a lower handle.

This meant that statewide hold for April stood at 8.95%. Meanwhile, tax payments for the month topped $98.3 million.

FanDuel regains the lead in New York

Looking to operators, FanDuel retook the lead after slipping to second behind DraftKings in March. The Flutter Entertainment-owned brand posted $84.8 million in revenue from an $822.5 million handle, leaving a 10.31% hold.

DraftKings placed second with $66.8 million off $727.3 million for a hold of 9.18%. Fanatics completed the top three with $12.5 million from $175.7 million in bets, leaving a 7.11% hold.

Elsewhere, BetMGM took $11.2 million off $154.1 million for a monthly hold of 7.27%. Next was Caesars with $9.7 million from $153.4 million, resulting in a 6.32% hold.

Rush Street Interactive posted $3.4 million in revenue in April after taking $43.2 million in bets, meaning a 7.87% hold. ESPN Bet was the only other operator to see revenue exceed $1 million. During the month, it took $3 million off a $56 million handle, resulting in a 5.36% hold.

Resorts World Bet fell short of seven figures, reporting $769,845 off a $9.9 million handle, leaving a 7.81% hold. Bally Bet completed the New York market with $489,091 from $11.1 million for a hold of 4.39%.