The Empire State’s nine sportsbooks combine to endure the second-worst month-over-month profit decrease since wagering went live in January 2022.
June revenue of $133.9 million, down 34.1% from May’s second-highest-ever total of $203.3 million. It’s just the second time in the last 10 months that New York operators hauled in less than $150 million in a single month.
The all-time largest dip came earlier this year when January’s record revenue of $211.5 million fell to $131.4 million in February. It wasn’t all bad news when it came to revenue as the June figure was up 31.6% year-over-year. A total $103.8 million was produced in June 2023, the second-lowest single-month profit in the last 22 months.filled its coffers with $68.3 million from the 51% tax rate, which was up nearly $17 million from the previous year. FanDuel and DraftKings saw sharp month-over-month drop-offs. FanDuel went from $747.5 million in May wagers to $571.3 million in June, a 23.5% decrease.
Caesars and BetMGM came in fourth and fifth, as usual, in the New York market with handles of $127.7 million and $100.6 million, respectively. Both endured significant month-over-month decreases.
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