TITLE: New York May: $1.35B Mobile Sports Betting Handle, GGR $151.9M

In May, total mobile sports betting handle reached $1.35bn, while total revenue came in at $151.9m. New York has the highest gambling tax rate of all states in the US; it is for that reason that, despite how much money is bet, revenue in New York is always comparatively low to handle (total wagers).

Handle for May decreased 12% month-on-month, going down by $186m; however, gross gaming revenue increased by 9%, rising by $13m.

FanDuel, Bally’s, BetMGM, DraftKings Sportsbook, Caesars Sportsbook, Wynn Interactive, PointsBet Sportsbook, Resorts World Bet and Rush Street Interactive are the operators who collectively bring in the mobile sports betting handle and revenue of New York.

FanDuel collected $76m in revenue in May, an increase of $5m from April. However, despite revenue going up, the amount bet decreased by 10%.

Meanwhile, Bally’s only brought in $0.17m; however this is an increase from last month, compared to $0.03m in April revenue.

DraftKings sportsbook came second in terms of revenue, bringing in $48m, which is an increase of $3m in comparison to April.

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