The State of New York reported nearly $2.5 billion in mobile sports wagering handle for January, a new record high.
This was the fifth consecutive month in which the Empire State broke the $2 billion handle mark. January’s record-breaking handle was an 8.77% increase on December’s $2.28 billion. It breaks the record set back in October of $2.32 billion.
With two months of the fiscal year left to report, New York is $0.3 billion short of the $19.8 billion handle reported for 2023-2024.
Gross Gaming Revenue reported for the month was up 64.4% on December’s figure, rising from $150.4 million to $247.0 million. This represented handle of 9.96%, a dramatic increase from December’s low 6.57%.
After adjustments, fines and penalties, $149 million was contributed to the Education Fund in tax revenue.
January is typically a difficult month globally for the hospitality industry, and brick-and-mortar casinos in New York were no different.
Brick-and-Mortar Casinos Face Decline
Total GGR from retail operators decreased 1.87% from December to $54 million for January 2025. Despite a decrease month-over-month, 2025’s brick-and-mortar casino GGR was up 10% year-over-year from 2024’s $49.1 million.
Slot drop declined by nearly 3% month-over-month, with $456.7 million being wagered and $414.4 million being won. After promotional credits, slot GGR was $37.3 million, down 4.83% from December’s figure.
The GGR of table games also decreased but by a smaller margin. It fell 1.2% to $14.8 million from $14.98 million.
The only two categories that reported positive net revenue were retail sports betting and poker. Poker and sports wagering both reported just shy of $1 million in GGR. Sports wagering handle fell 19.43% from December, a stark contrast to mobile activity. December saw landbased casinos actually record a net loss on sports betting.
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