'New York Mobile Sports Betting Revenue Hits Record $165.6M In September' - iGamingBusiness
Portfolio Pulse from Benzinga Newsdesk
Mobile sports betting revenue in New York hit a record $165.6m in September, up 15.6% from $143.3m in September 2022 and 68.1% more than $98.5m in August 2023. FanDuel, owned by Flutter Entertainment, retained the top spot in revenue terms, followed by DraftKings, Caesars, BetMGM, and Rush Street Interactive. PointsBet, recently acquired by Fanatics Betting and Gaming, posted $1.6m in gross gaming revenue. Bally Bet remained closed for the third consecutive month.
October 09, 2023 | 1:48 pm
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POSITIVE IMPACT
Caesars was third in NY sports betting revenue.
Caesars' position in the NY sports betting market is likely to positively impact its stock.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 80
POSITIVE IMPACT
DraftKings placed second in NY sports betting revenue.
DraftKings' strong position in the NY sports betting market is likely to positively impact its stock.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 90
POSITIVE IMPACT
Flutter Entertainment's FanDuel leads in NY sports betting revenue.
FanDuel's leading position in the NY sports betting market is likely to positively impact Flutter Entertainment's stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
BetMGM followed with $8.2m in gross gaming revenue.
BetMGM's performance in the NY sports betting market is likely to positively impact MGM's stock.
CONFIDENCE 90
IMPORTANCE 50
RELEVANCE 70
POSITIVE IMPACT
Rush Street Interactive posted $4.2m in gross gaming revenue.
Rush Street Interactive's performance in the NY sports betting market is likely to positively impact its stock.
CONFIDENCE 90
IMPORTANCE 40
RELEVANCE 60