March 11, 2024 2 min read


NY State Players Spend $1.77bn on Online Sports Bets in February

New York has reported a 20.4% rise in online sports wagering revenue and a 21% handle increase in February 2024

Last month, New York announced record-breaking online sports betting revenue for January 2024, continuing its uninterrupted online sports betting revenue records one month after the next. 

Licensed sportsbooks reached a total sports betting gross gaming revenue of $211.5 million, as officially reported.

The February 2024 numbers are in and this is what they look like. 

NY State Players Spent $1.77bn on Sports Online 

Last month, NY’s players spent no less than $1.77 billion on online sports wagers. At the same time, the revenue amounted to $131.4 million.

The Empire State’s February total went up 20.4% compared to the month of February 2023 when the state recorded $1.47 billion. 

At the same time, last month’s figure was 9.7% lower compared to January 2024’s $1.96 billion and also marked the lowest monthly amount reached by the state since September 2023 at $1.76 billion.

NY’s gross gaming revenue went up by 21.3% in February 2024 to $131.4 million compared to last year’s figure ($108.3 million). 

At the same time, the February total marked a drop of almost 38% compared to January 2024’s $211.5 million and the lowest since August 2023’s $98.5 million.

FanDuel, Still in the Lead

As for operators, Flutter Entertainment’s FanDuel stayed in the lead with $63.4 million in revenue from $720.1 million in handle. Both numbers were higher compared to the rest of the operators. 

The first runner-up was DraftKings with a revenue of $53.4 million and $607.9 million in placed bets. 

Caesars Sportsbook announced a handle of $161 million and $6.7 million in revenue followed by Rush Street Interactive with $3 million in revenue from $46.9 million in total bets.

Fanatics, the freshest brand to launch in the state at the start of March, generated $2.9 million in revenue and gathered $82.9 million in bets.

BallyBet published revenue of $724,041 and a $9.7 million in handle. BetMGM came in next with a revenue of $580,224 off a handle of $129.7 million followed by Resorts World with $544,361 in revenue of $8.3 million.

The February figures mean total spending for the financial year to date amounted to $17.8 billion, marking an 8.6% rise from $16.40 billion at the same time in the previous year.

The state’s revenue for the 11 months that ended on February 29 totaled 1.61 billion, signaling a 10.5% growth.

After finishing her master's in publishing and writing, Melanie began her career as an online editor for a large gaming blog and has now transitioned over towards the iGaming industry. She helps to ensure that our news pieces are written to the highest standard possible under the guidance of senior management.

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