Gamblers in New York spent $2.15 billion on online sports betting in April, up 9.1%, while revenue in the Empire State also increased.
Sports betting spending surpassed $1.97 billion in April 2024, according to data from the New York State Gaming Commission. However, the monthly total was 12.2% below the $2.45 billion wagered in March of this year.
In terms of revenue, the state reached US$ 192.7 million in April. Again, this number was 4.7% higher than last year, and also 18.9% higher than March, despite the lower volume.
This means that the state withholding rate in April was 8.95%. Meanwhile, monthly tax payments topped $98.3 million.
FanDuel Reclaims Lead in New York Betting Market
In terms of operators, FanDuel reclaimed the lead after falling to second place behind DraftKings in March. The Flutter Entertainment-owned brand reported $84.8 million in revenue on $822.5 million in volume, maintaining a 10.31% share.
DraftKings came in second with $66.8 million out of $727.3 million for a 9.18% share. Fanatics rounded out the top three with $12.5 million out of $175.7 million in bets for a 7.11% share.
In fourth place, BetMGM collected $11.2 million out of $154.1 million, resulting in a monthly retention of 7.27%. Next comes Caesars, with $9.7 million out of $153.4 million, achieving a retention of 6.32%.
Rush Street Interactive reported $3.4 million in revenue in April after receiving $43.2 million in bets, representing a 7.87% share. ESPN Bet was another operator to report revenue exceeding $1 million.
Resorts World Bet came in below seven figures, recording $769,845 on a turnover of $9.9 million, maintaining a 7.81% market share. While Bally Bet rounded out the New York market with $489,091 on a turnover of $11.1 million.
