New York mobile sports wagering generates $165.6m in September
This represents a year-on-year increase of over 15%, though FanDuel and DraftKings make up around 83.5% of the state’s total market share.
The New York State Gaming Commission has released its figures for September and mobile sports wagering’s gross gaming revenue (GGR) in the state rose 15.6% year-on-year to $165.6m.
Video gaming terminals (VGTs) brought in a net win of $191.7, showing a 6.4% year-on-year increase, while the Empire State’s commercial casinos reported a 3.5% GGR year-on-year decrease to $59.6m.
New York currently publishes financial results for four commercial casinos, though this number will change after three Downstate casino licenses are awarded sometime next year when the bidding process is over.
This September, Tioga Downs brought in $9.2m in GGR, del Lago Resort and Casino generated $13.5m in GGR, Rivers Casino & Resort Schenectady made $16.9m in GRR and Resorts World Catskills made just under $20m in GGR.
Revenue from mobile sports wagering in New York is taxed at 51%. This September, the state’s handle rose nearly 40% to $1.76bn.
By mobile sports betting operators, FanDuel and DraftKings hold 46.4% and 37.1% of the market, respectively. FanDuel increased its year-on-year GGR by 17%, but DraftKings’ GGR rose by 36.7% year-on-year. The two top contenders’ resulting figures are now much closer than they were this time in 2022.
The state is also home to VGTs, which exist in both commercial casinos and racinos. The NYGC reports on 12 locations’ VGT financial results. The credits played in the month of September 2023 totaled $3.2bn, with free play allowance reaching $9.8m and the credits won reaching $2.9bn.
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