New York Sportsbetting Revenues Stay Strong in May

The state of New York continues its run of high sportsbetting revenues, as the state's books generated $203.3 million in gross gaming revenues during the month of May.

The New York State Gaming Commission revealed the Empire State's financial results for the sector, which showed the revenues were up 33.8% from the same period last year. It was also noted that this is only the second time that GGR has eclipsed $200 million, as the industry generated $211.5 million during the month of January.

The state's betting handle was up 45.9% to $1.97 billion, the highest total since November 2023. Net revenues to platform providers were $99.6 million, the second-highest total recorded.

The top-performing operator during the month was FanDuel, which had GGR of $88 million on handle of $747.5 million. DraftKings held the second spot with GGR of $84.2 million off $812.3 million in handle. Caesars held the third spot with GGR of $11.1 million on $160 million in handle.

The exact tax revenue wasn't made available, but the state's 51% tax rate on gross gaming revenues would indicate $103.6 million going to the state's coffers.

About the author

Dustin Jermalowicz // News Editor
Dustin Jermalowicz
Dustin has a long-standing passion for gambling. He has been writing professionally on the subject and breaking industry news for Casino Listings since 2011. His favorite casino games include Blackjack, Poker, and Hi/Lo. A proud native of Detroit, Dustin currently lives in Michigan.

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