New York ‘ s mobile platform sports lottery reportedly reached a record $2.64 billion in October, an increase of 13.3 per cent over the same period, an increase of 15.3 per cent over the ring and 6 per cent over the $2.49 billion previously recorded in January. In addition, according to the New York Lottery Commission, the income from the lottery was $238.7 million, an increase of 35.4 per cent over the same period, an increase of 23.2 per cent over September in the ring and a profit margin of 9.03 per cent.
It is worth mentioning that September is the third highest in New York State’s history, after $247 million in January and the highest record in May — $248.9 million. In terms of “scratch rate”, the overall rate for New York in October was 9.03 per cent. From an operational point of view, FanDuel was once again at the top of the market with a significant advantage: it achieved revenue of $100.6 million, with a credit of $1.01 billion, a 10 per cent draw. This was also the first time in New York’s history that an operator had a $1 billion mark on the monthly line.
Draft Kings, a long-standing competitor, also reached a monthly high of $938 million in October, and achieved an income of $82.9 million, a withdrawal rate of 8.84 per cent. Fanatics still ranks third, with a monthly income of US$ 18.7 million and a credit of US$ 205.7 million, representing a 9.09 per cent withdrawal rate. BetMGM: earned $14.4 million and credited $187.5 million, representing a 7.68 per cent rate, ranks fourth among the remaining operators. Caesars and BetMGM were in line with September and fifth in October with $13.2 million in income and $175.8 million in investments, with a 7.51 per cent rate. Rush Street Interactive was followed by an income of $4.4 million and an investment of $53 million, representing an 8.30 per cent rate. ESPN Bet ranked seventh, with $3.4 million in income and $60.3 million in credits, representing a 5.64 per cent score. It is worth noting that the ESPN Bet brand is about to be launched: This week, ESPN and Penn Enterprise jointly announced the termination of cooperation; the Disney-Sport Media Group has entered into a cooperation agreement with Draft Kings and Penn plans to re-launch its own brand, the Score Bet, in the United States in early December.
In addition, Bally Bet earned $1.1 million, with $16.6 million being credited, representing a 6.63 per cent withdrawal rate, and Resorts World Bet was once again at the bottom, with only $229,357 being credited at $2.8 million, a 8.33 per cent draw rate.
