New York Online Sportsbetting Revenues Hit $862 Million

In 2022, online sportsbetting revenues in the Empire State clocked in at $862 million, this according to the state's governor.

The state's online sportsbetting market went live in January 2022, and since that time the industry's revenue totals have hit $1.75 billion, thanks in part to licensing fees generated. The state saw online revenues hit $188.3 million last month, setting an all-time record that was previously held in October 2023 when revenues were $166.3 million. Handle for the month was up 3.2% to $2.04 billion.

These numbers will be interesting to watch, as the state's senate saw a bill introduced to legalize and regulate online casino gambling. This could open up congruent products for the same brand and possibly boost sportsbetting revenues further.

Regarding the industry's performance, New York Governor Kathy Hochul said, "Over the last two years, New York is the clear leader in providing responsible entertainment for millions while bringing in record-shattering revenue for education, youth sports and problem gambling prevention. I look forward to this third year of our successful gaming policies that deliver top tier mobile sports wagering experiences. We will continue to generate revenue that will enrich the lives of New Yorkers, all with important safeguards in place to help those who need it."