{"id":15642,"date":"2024-06-12T15:28:13","date_gmt":"2024-06-12T12:28:13","guid":{"rendered":"https:\/\/igamingafrika.com\/?p=15642"},"modified":"2024-06-12T15:28:13","modified_gmt":"2024-06-12T12:28:13","slug":"new-york-sports-betting-revenue-tops-200m-in-may","status":"publish","type":"post","link":"https:\/\/igamingeuropa.com\/index.php\/2024\/06\/12\/new-york-sports-betting-revenue-tops-200m-in-may\/","title":{"rendered":"New York Sports Betting Revenue Tops $200m in May!"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><strong>According to figures released by the New York State Gaming Commission, the total figure was $203.3m in May. This was only the second time GGR was above $200m in a month, and the first since the $211.5m achieved in\u00a0January 2024. The Sports Betting GGR figure was also up by 33.8% compared to May 2023.<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">New York mobile sports betting handle was $1.97bn during the month. This was up 45.9% year-on-year and the biggest amount since the record month of&nbsp;November 2023.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Net revenue to platform provider was $99.6m. This was also the second highest figure since New York\u2019s legal sports betting market was introduced at the start of 2022.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-fanduel-still-top-in-new-york-sports-betting\">FanDuel still top in New York sports betting!<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">FanDuel remained the biggest winner in New York during May, achieving GGR of $88.0m. This was from handle of $747.5m. While second placed DraftKings took in handle of $812.3m, GGR was $84.2m.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Caesars Sportsbook was the only one of the other seven operators to post GGR of above $10m. From handle of $160.0m it generated GGR of $11.1m.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Read Also: <a href=\"https:\/\/igamingafrika.com\/exclusive-guardian-angels-of-the-game-empowering-responsible-gaming-in-africa\/\" target=\"_blank\" rel=\"noreferrer noopener\">Exclusive: Guardian Angels of the Game &#8211; Empowering Responsible Gaming in Africa<\/a><\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">BetMGM announced handle of $117.3m and GGR of $8.1m, while Fanatics brought in GGR of $7.0m from $71.7m.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-new-york-goes-from-strength-to-strength\">New York goes from strength to strength!<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Since New York&nbsp;opened its legal online sports betting market in January 2022, the state has seen impressive growth.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">New York is some way clear of other, longer established regulated betting markets in other US states. These include New Jersey and Indiana, which have been open a good few years longer than New York but now flag behind in terms of both revenue and handle.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This growth also makes New York the largest contributor for sports betting tax. Earlier this year, the&nbsp;Quarterly Survey of State and Local Tax Revenue (QTAX), carried out by the United States Census Bureau, confirmed this.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">According to the report, New York contributes over 37.0% of total tax revenue generated by sports betting in the US.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">During Q3 of 2023, sports betting accumulated national tax and gross receipts of almost $506.0m. New York contributed $188.5m to this total, nearly five times higher than Indiana\u2019s $38.6m.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">However, it is worth noting that no state has a higher tax on gross gambling revenue than New York\u2019s 51%.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>According to figures released by the New York State Gaming Commission, the total figure was $203.3m in May. This was only the second time GGR was above $200m in a month, and the first since the $211.5m achieved in\u00a0January 2024. The Sports Betting GGR figure was also up by 33.8% compared to May 2023. New &hellip;<\/p>\n","protected":false},"author":3,"featured_media":20637,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[698,7,75,699,700,91],"class_list":["post-15642","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-global-gambling-news","tag-betting-revenue","tag-casino","tag-gambling","tag-new-york","tag-newyork","tag-sports-betting"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>New York Sports Betting Revenue Tops $200m in May!<\/title>\n<meta name=\"description\" content=\"According to sports betting figures released by the New York State Gaming Commission, the total figure was $203.3m in May.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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