Online Sports Betting Revenue in New York City Grew 43% in June 2023

Gambling News Digest

In June 2023, the gross revenue from online sports betting in the American state of New York amounted to 103.8 million dollars. This follows from the report of the Gambling Commission, published the other day.

The revenue was 43.4% more than the $72.4 million received in June 2022. At the same time, revenue was down 31.7% compared to May this year.

Sports betting turnover was $1.17 billion, up 10.5% from $1.05 billion in June 2022, but down 14.7% from the $1.36 billion delivered in May this year.

Online sports betting operator FanDuel remained the market leader, with $47.2 million in revenue on $418.2 million in wagers. The second place is still occupied by the operator DraftKings, which received revenue of 37.1 million dollars with the volume of bets of 488.5 million dollars. The top three was closed by Caesars Sportsbook with an income of $8.6 million.

Recall that until January 8, 2022, the day of the launch of the online betting market in New York State, sports betting could be made only by personally visiting the betting offices of four commercial and three tribal casinos: Rivers Sportsbook (Schenectady), FanDuel Sportsbook (Tioga Downs), DraftKings Sportsbook (Del Lago Resort Casino), Turning Stone (Syracuse), Point Place (Bridgeport), Yellow Brick Road Casino (Chittenango) and Resorts World Catskills (Monticello).

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Sharon Gofman

I am an experienced and versatile writer with four years of experience in content writing and editing. My experience is in the burgeoning online gambling and sports betting industry. I am dedicated to providing exceptional content that engages, educates and inspires.

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