For the third month in a row, New York mobile sports betting handle tops $2 billion.

In December 2023, New York saw its highest monthly mobile sports wagering revenue of $188.3m, marking a 32.8% YoY increase.

Net revenue for education reached $96m, the highest in 2023. While December handle slightly decreased to $2.04bn from November peak, the last three months all surpassed $2bn.

Compared to December 2022, the handle increased by 25.8%. FanDuel December GGR was $93.6m while DraftKings followed with $65.2m.

 

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It's great to see that New York's mobile sports betting industry is continuing to thrive. The fact that December 2023 marked the highest monthly mobile sports wagering revenue of $188.3 million is certainly impressive. This represents a YoY increase of 32.8%, which indicates significant growth in the industry.

Another positive outcome was the net revenue for education, which reached $96 million in December 2023, marking it as the highest for the year. This is undoubtedly good news for the education sector, as it will help support and enhance educational programs and initiatives throughout the state.

Although the December handle slightly decreased to $2.04 billion from the November peak, it's worth noting that this is still a substantial amount. Moreover, it's encouraging to see that over the past three months, the handle has consistently surpassed $2 billion. This indicates a strong and consistent interest in mobile sports betting among New Yorkers.

When comparing December 2023 to the same month in the previous year, the handle increased by 25.8%. This signifies a significant year-over-year growth and highlights the growing popularity of mobile sports betting in New York.

In terms of Gross Gaming Revenue (GGR), FanDuel led the way in December 2023 with $93.6 million, followed by DraftKings with $65.2 million. These are impressive figures for both companies and demonstrate their dominance in the New York market.

Overall, the continued success and growth of mobile sports betting in New York reflect a thriving industry that contributes to the state's economy and supports vital educational programs.