The New York Gaming Commission has released its mobile sports wagering data for December 2023, revealing a record-breaking $188.3m in gross gaming revenue (GGR). This marks the highest monthly GGR for the entire year and represents a significant 32.8% year-on-year increase.
Notably, the net revenue allocated to education also reached its highest point of the year, coming close to $100m with a total of $96m. Although there was a slight decline in the mobile sports wagering handle in December compared to the previous month of November, which achieved the highest recorded figures of all time at $2.11bn, the December handle still reached an impressive $2.04bn. This means that for the past three consecutive months, New York has surpassed the $2bn mark since becoming the first state to do so in October.
Compared to December 2022, the mobile sports wagering handle in December 2023 saw a substantial year-on-year increase of 25.8%. Examining individual performance, FanDuel achieved a GGR of nearly $100m in December, specifically $93.6m, up from $69.2m in November. DraftKings followed closely behind with a GGR of $65.2m. It is worth noting that DraftKings surpassed FanDuel in Ohio for the state’s November online sports gaming taxable revenue.
Furthermore, BetMGM continued its impressive streak by recording over $100m in mobile sports wagering handle for the fourth consecutive month, reaching $126.5m in December.
In related news, a proposal to bring a Caesars Palace Times Square casino to 1515 Broadway has gained the support of 10 Times Square property owners towards the end of last month.