Market Monitor: New York April 2022 New York sports betting revenue was down in April, which is to be expected in the quieter months of the year and is not representative of a market slump. Market Monitor: New York April 2022 New York sports betting revenue was down in April, which is to be expected in the quieter months of the year and is not representative of a market slump.
Key Takeaways
  • Total revenue from online sportsbooks in New York was $104 million in April, down 9% from March, according to the latest data released by the New York State Gaming Commission (NYSGC) and tracked on PRO’s Data platform.
  • FanDuel NY grew its market share by both metrics dramatically in April.
  • The market’s second and third largest operators by revenue retained their market positions in April.
  • Most other operators had revenue under $2 million for a market share of less than 2%. The only other operator of note was BetMGM Sports, reporting $5 million in revenue for a 4.8% market share.

Total revenue from online sportsbooks in New York was $104 million in April, down 9% from March, according to the latest data released by the New York State Gaming Commission (NYSGC) and tracked on PRO’s Data platform. By handle, operators took in $1.4 billion in bets, the lowest in the four months since the market opened.

However, sports revenue is expected to fall in quieter seasons, so it is not an indication of a market slump.

FanDuel NY grew its market share by both metrics dramatically in April. In terms of revenue, it represented almost two-thirds of the market, reporting $63.6 million, the highest of any single operator in the market to date. Its handle of $599 million — for a 43% market share — is slightly less impressive in absolute terms, but market share still grew from 41% the month prior.

The market’s second and third largest operators by revenue retained their market positions in April. DraftKings NY reported $19.6 million, its market share slipping a percentage point to 19%. At $11.8 million — a month-over-month drop of almost 50% — Caesars Sportsbook saw its share slip to just 11%.

Most other operators had revenue under $2 million for a market share of less than 2%. The only other operator of note was BetMGM Sports NY, reporting $5 million in revenue for a 4.8% market share — flat in absolute figures and slight growth in share. However, this is much lower than in many other markets, where it is usually among the top operators.