In August, online sports betting revenues in New York totaled $98.5m (PS78.6m/EUR91.7m), the lowest monthly amount since July 2022. However, handle increased month-onmonth and year-onyear.
This was a better read in terms of the handle. New Yorkers wagered $1.11bn in total online during August. This is a 27.6% rise from $872.2m the same month last.
This figure is also 15.7% more than the $962.1m reported in July this year.
FanDuel et DraftKings are now the two main competitors in New York
FanDuel, owned by Flutter Entertainment, has moved further away from DraftKings when it comes to GGR. DraftKings, its long-time competitor, had significantly closed the gap with FanDuel last month.
FanDuel reported $41.1m of revenue in August, based on a handle amounting to $384.6m. DraftKings reported GGR of $35.5m, but it had a handle higher than FanDuel (446.9m).
Caesars came in second with GGR of $9.6m from wagers totaling $120.1m during the month. BetMGM was next with $6.5m from a $70.5m deal, followed by Rush Street Interactive at $3.0m.
PointsBet reported $914,020 from $17.1m of bets. Wynn Interactive posted $752,704 on $8.5m. Resorts World came in second with $322,945 on a $4.2m deal.
BallyBet remains quiet as upgrades continue
BallyBet was the only online operator licensed to operate in New York. They did not accept wagers during the month. The brand continued to upgrade its product after outsourced its online and terrestrial sports betting technology stack.
White Hat Gaming, a provider of PAM platform solutions and Kambi, a sports betting supplier have taken on the responsibility. Both companies are providing technological capabilities to support wagering, and the relaunched Bally Bet online gambling platform.
Bally has ceased all online gambling in New York as of 30 June. Bally has yet to announce when it will re-launch in New York.