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New York Online Sports Betting Hits New Revenue High in May: Transaction Volume Declines but Gambling Profits Continue to Grow

New York Online Sports Betting Hits New Revenue High in May: Transaction Volume Declines but Gambling Profits Continue to Grow

Despite a slight decline in overall transaction volume, New York's online sports betting recorded a record total gaming revenue (GGR) in May 2025, reaching $248.9 million, surpassing the previous high of $247 million set in January this year, achieving a 0.8% month-on-month growth.According to the l

23like·0comment9 minutes ago
U.S. iGaming Enters Golden Age: Online Casino Revenues Surge 32.5% in April 2025

U.S. iGaming Enters Golden Age: Online Casino Revenues Surge 32.5% in April 2025

In April 2025, the American iGaming (online casino) industry once again welcomed a glorious moment. In the seven states where it is legally operated, iGaming's total revenue reached $868.6 million, a 32.5% surge compared to the same period in 2024. Although this figure is slightly lower than the $90

24like·0commentThe day before yesterday
DraftKings partners with UFC to promote responsible gambling, launching an advertising campaign across all media.

DraftKings partners with UFC to promote responsible gambling, launching an advertising campaign across all media.

The well-known American sports betting operator DraftKings has announced a new partnership with the Ultimate Fighting Championship (UFC) to jointly promote responsible gambling awareness. As part of this collaboration, the two parties have produced a dedicated advertisement aimed at enhancing users'

32like·0comment3 days ago
SailGP opens on-site legal betting for the first time, with the New York Grand Prix welcoming partnerships with DraftKings and Bet365.

SailGP opens on-site legal betting for the first time, with the New York Grand Prix welcoming partnerships with DraftKings and Bet365.

The international sailing competition SailGP will return to New York Harbor to host the Mubadala New York Grand Prix, where this edition will witness a historic breakthrough—ticket holders will be able to legally bet on the event on-site for the first time. For this purpose, SailGP has reached coope

26like·0comment5 days ago
Illinois introduces new tax impacting the gambling industry, causing stock prices of companies like DraftKings to plummet.

Illinois introduces new tax impacting the gambling industry, causing stock prices of companies like DraftKings to plummet.

After the Illinois legislature passed the fiscal year 2025 budget, which includes a new sports betting tax, stocks of sports betting companies such as DraftKings, Flutter, and MGM significantly dropped on Monday, with the market reacting strongly to this new policy.The new budget includes a key prov

24like·0comment6 days ago
Illinois Significantly Raises Sports Betting Tax: How Do Gambling Giants Respond to New Challenges?

Illinois Significantly Raises Sports Betting Tax: How Do Gambling Giants Respond to New Challenges?

The Illinois legislature recently passed a new bill unexpectedly that raises the tax on sports betting, shocking the industry. This tax increase aims to fill a huge budget deficit, but it could impose a heavy burden on large sports betting companies and prompt them to consider new business models t

25like·0comment6 days ago
How do gambling websites circumvent anti-gambling laws?
Video00:41

How do gambling websites circumvent anti-gambling laws?

24like·0comment05-28
World Club Cup Ignites Global Sports Betting Craze: How Can Operators Seize Market Opportunities?

World Club Cup Ignites Global Sports Betting Craze: How Can Operators Seize Market Opportunities?

The 2025 FIFA Club World Cup is set to kick off in the United States, with this expanded tournament featuring 32 teams attracting billions of global viewers and presenting significant opportunities for the sports betting industry.As the legalization of sports betting accelerates in North America, m

78like·0comment05-20
New York's online sports betting revenue increased by 4.8% in April, reaching $192.7 million.

New York's online sports betting revenue increased by 4.8% in April, reaching $192.7 million.

According to data from the New York State Gaming Commission, in April 2025, the online sports betting revenue in New York reached $192.7 million, a year-on-year increase of 4.8%. The state's gaming revenue grew 9.6% from $19.6 billion in April 2024 to $21.5 billion.Despite a decline from the previou

31like·0comment05-16
DraftKings' revenue for the first quarter of 2025 increased by 20%, reaching $1.41 billion.

DraftKings' revenue for the first quarter of 2025 increased by 20%, reaching $1.41 billion.

DraftKings announced its Q1 2025 revenue as $1.41 billion, a 20% increase from $1.18 billion in Q1 2024. The company noted high engagement in its sports betting and iGaming products, improved hold rates, and ongoing integration of Jackpocket, acquired in May 2024.This quarter, the monthly unique pay

27like·0comment05-14
DraftKings vs FanDuel: Who is the King of Online Sports Betting? The Ultimate Comparison!
Video02:26

DraftKings vs FanDuel: Who is the King of Online Sports Betting? The Ultimate Comparison!

22like·0comment05-11
How do sports betting operators deal with the "last-minute goal risk"? Taking Inter Milan's last-minute win over Barcelona as an example of risk management strategy.

How do sports betting operators deal with the "last-minute goal risk"? Taking Inter Milan's last-minute win over Barcelona as an example of risk management strategy.

In the football betting market, "Last-Minute Goal" is often one of the most headache-inducing risks for betting operators. For example, in the recently concluded match, Inter Milan scored a last-minute goal during extra time against Barcelona, rendering a large number of "Barcelona Unbeaten" bets i

25like·0comment05-11
"March Madness" Sports Betting Platform Performance Analysis: Who Wins in Stability and Risk Management?

"March Madness" Sports Betting Platform Performance Analysis: Who Wins in Stability and Risk Management?

During the NCAA "March Madness" basketball tournament, sports betting companies face unprecedented challenges. The fast pace and rapidly changing situations of the games make platform stability and risk control capabilities key competitive factors.According to the latest report from data analysis ag

30like·0comment05-08
Signs of an Earthquake in the Gambling Industry? Bet365 Prepares for Sale, Potentially the Largest Acquisition in Gambling History

Signs of an Earthquake in the Gambling Industry? Bet365 Prepares for Sale, Potentially the Largest Acquisition in Gambling History

Gambling giant Bet365 is considering selling its business to bring in £9 billion in cash for the Coates family.According to The Guardian, informal discussions are underway within the company, weighing options such as selling, IPO, or partial sale. The company is reportedly valued at £9 billion.Under

32like·0comment05-05
Mexico's gambling market will exceed $40 billion by 2033: Digital transformation and regulatory challenges coexist

Mexico's gambling market will exceed $40 billion by 2033: Digital transformation and regulatory challenges coexist

According to the latest market analysis report, the Mexican gambling industry is experiencing an unprecedented transformation period.By 2024, the market size has reached 11.37 billion USD, and it is expected to soar to 40.64 billion USD by 2033, with a compound annual growth rate of 15.71%.This grow

30like·0comment04-30
In March 2025, New Jersey's gambling revenue reached $546.1 million, with iGaming growing by 23.7%.

In March 2025, New Jersey's gambling revenue reached $546.1 million, with iGaming growing by 23.7%.

According to data released by the New Jersey Division of Gaming Enforcement (DGE), total gaming revenue in New Jersey rose to $546.1 million in March 2025, a 3.7% increase year-over-year. This growth was primarily driven by the state's iGaming industry, which continued its upward trend, growin

33like·0comment04-22
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