New York online sports betting reaches $1.9bn in April
Last month outperformed the handle total from one year ago, but is just short of the $2bn mark (which New York has previously topped).
The New York State Gaming Commission has published its April mobile sports betting results. The Empire State’s mobile sports wagering handle climbed $1.9bn, reflecting more than a $300m increase when compared to results from one year ago.
Last month’s handle ranked among the highest results to date since the Empire State opened the market for mobile sports wagering. November remains the top month since the market’s opening, according to the commission’s report.
Other strong months during the year include September and October, which brought in monthly handles of $1.75bn and $2bn respectively.
During the past 12 months, New York has taken in more than $19bn in wagers.
Gross gaming revenue (GGR) during April grew by nearly $33m when compared to March’s numbers. April GGR statewide climbed to $183.8m.
Platform providers around the state reported a combined total of nearly $90m in net revenue during April. Net revenue grew by almost $15m when compared to earnings from April.
New York’s platform providers have brought in more than $864m in net revenue during the past 12 months.
Revenue set aside for education during the month of April totaled $93.7m.
In other state news, CDI recently completed its sale of 49% of its United Tote Company subsidiary to the New York Racing Association’s subsidiary, NYRA Content Management Solutions, LLC.
Online sports betting in New York went live two years ago. To date, more than 35 states have embraced regulated sports betting since the US Supreme Court overturned the Professional and Amateur Sports Protection Act of 1992 (PASPA) in May 2018, also known as the Bradley Act.
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