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A staggering $2.28 billion sports wagering handle was revealed by the New York State Gaming Commission in its December 2024 gaming statistics. In the meantime, $56.96 million was made from casino gambling, which reflected noteworthy patterns in the state’s betting environment.
New York’s December sports betting handle was the second-highest monthly total for 2024, up 11.1% from the previous year. The record-breaking $2.32 billion handling in October continues to be the highest in American history. However, sports betting’s gross gaming revenue (GGR) dropped to $150.4 million, a 22.4% year-over-year decline. GGR fell 42.5% from November, suggesting that it was a profitable month for bettors, particularly during the holidays.
FanDuel led operators with $925.6 million in wagers, while DraftKings followed with $731.9 million. Despite these impressive figures, both operators experienced sharp declines in GGR. FanDuel’s $70.6 million in revenue marked a 28% drop year-over-year, while DraftKings posted $46.5 million, down 33.5% year-over-year.
December’s casino gaming revenue reached $54.96 million, down 3.5% from November and 1.9% compared to December 2023. For the fiscal year, New York casinos have generated $512.2 million in GGR, with three months remaining in the reporting period.
Tax contributions from gaming totaled $13.3 million in December, slightly below the $13.5 million recorded in the same month last year. The cumulative gaming tax for the fiscal year stands at $388.1 million.
Slots remained the dominant revenue source, generating $39.2 million in December, compared to $15.1 million from table games. Year-over-year, slots saw a 0.25% increase, while table games grew by 4.1%.
Rivers Casino and Resort topped December’s revenue chart, earning $17.8 million. Close behind was Resorts World Catskills, which brought in $17.1 million. Combined, these venues exemplify the strong competition within New York’s casino market.
New York’s December figures underscore the state’s prominence in the U.S. gaming industry, even as it navigates revenue fluctuations.