The February mobile sports betting handle in New York dropped year-on-year, and both revenue and spending were lower than January’s record.
The February consumer spending on sports betting was $1.47 billion, which is 3.9% less than the same-month last year, and 17.9% lower than the record $1.79n wagered January 2023.
This February’s gross gaming revenue from mobile bets reached $108.3 million. That is 31.4% more than $82.4m last January, but it was 27.5% less than the record $149.4m that was generated in January.
Flutter Entertainment’s FanDuel Group, which is owned by FanDuel Group, maintained its top spot with $53.5m in revenues from a $591.0m hand.
DraftKings was second, with $33.5m revenue from $491.3m of wagers. Caesars came in third with $8.5m starting at $192.8m. BetMGM had a great month, with $7.5m in revenue and $107.7m handled.
Rush Street Interactive came in second with revenue of $2.4m, from $37.6m total bets. PointsBet was third with $1.9m starting at $29.7m.
Resorts World had $484,445 revenue and a $5.4m manage, while Wynn Interactive had $10.3m more handle but a slightly lower revenue of $470,549.
BallyBet was the final market participant, posting $18,451 on a $1.2m handle.