The New York State Gaming Commission reported $203.8 million in sports betting revenue for May, making the Empire State the first to surpass $200 million in monthly operator winnings twice in the post-PASPA era.
The total fell short of January’s all-time national record of $211.7 million, but the two monthly figures now bracket the $209.1 million reported by Ohio from its January 2023 launch. New York also overtook neighboring New Jersey on a provisional basis for most revenue among all states in the post-PASPA era, moving within $10.5 million shy of $4 billion.
The statewide hold against $1.98 billion in handle was 10.3%, with wagering via sports betting apps at that win rate compared to the 7.7% attained by New York’s four commercial retail sportsbooks. Handle surged 45.1% compared to last year, while revenue increased 33.5% as the win rate was nine-tenths of a percentage point lower than the 11.2% posted in May 2023. Between the 51% tax on mobile operator revenue and 10% levy on their retail counterparts, the state reaped $103.7 million in receipts for May.