New York set a new online sports betting record for the second consecutive month during January, with operators generating $211.5m (£167.5m/€196.1m).

The January total was 12.3% ahead of the previous record of $188.3m set in December of 2023. It was also 41.6% more than the $149.4m reported in New York in January last year.

In terms of handle, players wagered a total of $1.96bn during the month. This was 9.5% up from $1.79bn in January 2023 but 3.9% less than December’s $2.04bn. It was also 6.7% behind the record $2.10bn reported in November last year.

New York budget
Players spent more than $2.0bn between october 2023 and december

However, January marked the end of a three-month run of New York players spending more than $2.00bn betting on sports online. The state first surpassed the $2.00bn milestone in October 2023.

FanDuel clinches monthly revenue record in January

Looking at individual operators, Flutter Entertainment’s FanDuel remains the frontrunner by some distance.

In January, FanDuel claimed a state record of its own, posting $109.2m in online betting revenue, the highest figure ever posted by a single operator. It was also the first time any licensees reported in excess of $100.0m in one month. FanDuel processed $867.1m in wagers during the month.

Elsewhere, DraftKings was second with $71.0m in revenue, although this was also its highest monthly total to date. The operator took $663.8m in online bets.

The chasing pack in New York

FanDuel and DraftKings are some way ahead of other licensees in New York. Placing third in January was Caesars with revenue of $13.6m from $198.0m in bets during the month.

BetMGM was next with $10.0m in revenue off a $118.8m handle, then Rush Street Interactive with $3.5m from $50.1m. PointsBet followed with revenue of $2.6m and a $31.7m handle.

Resorts World Bet posted $752,478 from $6.9m and Bally Bet $425,689 off $9.9m. Rounding off the market is Wynn Interactive with $358,497 in revenue off an $8.8m total spend.

New York faces longer wait for online gaming

While the New York online sports betting market continues to grow, the prospect of igaming in the state was dealt a blow last month. Governor Kathy Hochul failed to include igaming in her 2025 executive budget.

despite high hopes, igaming was not inlcuded in new york’s 2025 budget

This came despite New York state senator Joseph Addabbo’s filing of a revised igaming bill. Senate Bill S8185 built on Addabbo’s previous attempt to introduce online gaming in the Empire state. But this comes with one key difference – the inclusion of ilottery.

However, despite the exclusion of igaming, Hochul did insert a provision to extend a number of pari-mutuel, racing, wagering and breeding law provisions that were about to expire. The extension accounts for a period of one year.

Senate Bill S8185 remains at the committee stage in the New York Senate.

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