King of the hill and, once more, top of the heap.
The New York State Gaming Commission reported a United States monthly record of $211.7 million in sports wagering revenue for January on Friday, once more giving the Empire State the “Triple Crown” of sports betting’s top all-time spots in monthly handle, operator winnings, and state tax generated.
Fueled by FanDuel becoming the first mobile sportsbook to surpass $100 million in monthly revenue with about $109.2 million, New York’s revenue figure bettered the previous mark of $209.1 million set by Ohio when it launched in January 2023. Those are the only two monthly totals above $200 million in the post-PASPA era dating back to May 2018 when sports betting became possible in states outside of Nevada.
New York’s previous record for revenue was $189.3 million to close out 2023. January’s total was a month-over-month increase of 11.8% and 41.2% higher than the start of last year as the 10.8% hold was more than 2.4 percentage points higher.