April saw New York’s mobile sports betting market record its lowest handle since the market launched at the start of the year, reporting only $1.39bn compared to the previous month’s $1.64bn.
Data from the New York Gaming Commission has revealed that the Empire State’s mobile sportsbooks took a gross gaming revenue of $104m during the month, down on March’s $114.3m.
The 51% tax rate saw the state’s online sportsbooks yield $53.1m in state taxes, which is lower than the previous month’s $58.3m.
While April was a low month for New York’s mobile sports betting industry, it’s important to remember that the month followed the end of the NCAA March Madness basketball tournaments and only futures NFL/football bets were being made since no games took place.
Since launching at the start of this year, the New York online sports wagering market has seen $6.23bn in wagers, producing $424.9m in revenue, and yielding $216.7m for the state’s coffers.
Per operator, FanDuel led the way once more with $599.5m in April handle and $63.6m in revenue, followed by DraftKings ($327.1m handle, $19.6m GGR), Caesars ($215.7m handle, $11.8m GGR), and BetMGM ($142.2m handle, $5.0m GGR).
Elsewhere, PointsBet reported a handle of $53.2m with $1.5m GGR, followed by Rush Street Interactive ($38.0m handle, $1.8m GGR), Wynn Interactive ($9.4m handle, $518,705 GGR), and Resorts World Bet ($5.9m handle, $335,808 GGR).
