New York's mobile sports betting market remains robust – though down a little compared to last year – with handle figures for fiscal year 2024/2025 reaching $17.05bn through December 2024.
Key points:
- New York's mobile sports wagering handle reached $17.05bn in fiscal year 2024/2025
- Gross Gaming Revenue (GGR) totalled $1.55bn, with significant contributions to education
- Over $6m allocated for problem gambling education and $5m for youth sports programs
The New York State Gaming Commission has released its latest report detailing the performance of the mobile sports wagering sector for the fiscal year 2024/2025.
The data reveals a total handle of $17.05bn, generating $1.55bn in gross gaming revenue (GGR) – with $790.4m directed to education initiatives during this period.
The previous fiscal year 2023/2024 saw a total handle of $19.64bn, producing $1.76bn in GGR and contributing $898.5m to education.
This marked significant growth from fiscal year 2022/2023, which recorded a handle of $16.40bn and GGR of $1.46bn.
Recent monthly data indicates seasonal patterns in betting activity, with notable increases during the fall sports season.
December 2024 recorded a handle of $2.28bn, generating $150.4m in GGR. November 2024 proved particularly successful, with GGR reaching $231.6m from a $2.27bn handle.
The state's revenue sharing model continues to maintain a consistent structure, with approximately 51% of GGR allocated to platform providers and the remainder, minus adjustments and penalties, directed to educational programs.
These educational funds include specific allocations for problem gambling education and treatment ($6m) and youth sports activities ($5m).
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