While we’re on the subject of money, New York has been celebrating its churn since January 2022, when online betting went live—$70.8 million in state tax revenue; $978.4 million since launching.
Projections call for $500 million by fiscal 2024, and $690 million in 2022. Almost $70 million more than a year ago, according to PlayNY.
According to the New York State Gaming Commission, bettors in the state combined for $1.5 billion in April handle alone. As a result, New York sports betting has generated over $22 billion in lifetime handle. Gross gaming revenue, meanwhile, increased to $1.9 billion after sportsbooks pocketed $138.8 million last month. With April’s numbers, the state sits a little over $2.2 million away from passing that mark. Expect New York to break through $25 billion by June.
The biggest total, however, is state tax revenue. At $978.4 million, New York is just $21.6 million away from hitting $1 billion lifetime. Which should occur in mid-May.
Of note, Resorts WorldBet posted its best month yet with $7.9 million last month. Meanwhile, BetMGM New York reported its best month since April 2022, and Bally Bet New York totaled its second-best month since going live last summer.
| Sportsbook | Handle | Gross Gaming Revenue | State Tax Revenue |
| FanDuel | $626,291,453 | $70,975,478 | $36,197,494 |
| DraftKings | $516,406,585 | $44,918,778 | $22,908,577 |
| Caesars | $185,309,434 | $12,752,332 | $6,503,689 |
| BetMGM | $126,684,201 | $7,100,176 | $3,621,090 |
| BetRivers | $49,067,164 | $803,291 | $409,678 |
| PointsBet | $20,670,168 | $1,705,339 | $869,723 |
| WynnBet | $9,840,141 | $465,081 | $237,191 |
| Resorts WorldBet | $7,909,338 | $71,358 | $36,392 |
| Bally Bet | $2,286,895 | $28,731 | $14,653 |
| Total | $1,544,465,378 | $138,820,564 | $70,798,487 |
