The value of mobile sports betting in New York was $1.76 billion in September.
A 60% increase compared to August and 40.8% higher compared to the previous year.
It was the 17th time in 20 months of online betting that the New York market exceeded $1 billion in bets and the second highest amount yet after March 2023.
According to the New York Gaming Commission, revenue reached $165.6 million, marking an increase of 15.6% year over year and 68% month over month.
This is the second time that revenue has exceeded US$160 million.
DraftKings was the market leader in terms of turnover, with US$710.5 million. FanDuel in second place with $682.5 million.
Rounding out the top three, Caesars received $174 million in bets.
Online sports betting operators paid $84.4 million in taxes, the highest monthly total to date.
New York Mobile Sports Betting Increases Month Over Month
For comparison, New York’s mobile sports betting volume was $1.17 billion in June (an increase of 11.3% year-over-year, but 14% lower than in May this year). year ($1.36 billion)).
According to the New York Gaming Commission, revenue reached $103.8 million, a 31.7% drop from May but a 42% increase compared to June 2022.
New York traders ended June with a retention rate of 8.6%, which represents a drop of 2.5 points compared to the previous month.
Reported tax revenue was $52.9 million, the lowest since August 2022.
In August, the total value of mobile sports betting in New York was US$1.1 billion, an increase of 27.5% compared to the previous year and 14% higher than July this year (US$962.1 millions).