DraftKings co-founder and president Matt Kalish will leave his executive role on March 31, 2026, but will remain on the company's board of directors.Kalish's exit will...
New York mobile sports betting hits $2.28B in December 2024
New York State posted its second-highest mobile sports betting handle in December 2024, reaching $2.28 billion.
This figure has gone up by 0.7% when compared to the November handle of $2.27 billion. The figures have come after the last record set in October 2024, where the state achieved its highest ever handle of $2.32 billion.
When compared to December 2023, which recorded a handle of $2.04 billion, December 2024 figures for mobile sports betting showed an impressive 11.7% increase.
While the handle figures are encouraging, revenue generated by mobile operators in December 2024 dropped significantly. Down to $150.4 million in revenue for December 2024, it is a big drop of 35.1% from the November figure, which was $231.6 million. Compared to December 2023, this also marked a 20.1% decline from $188.3 million in revenue.
Individual operator performance
FanDuel ranked as the top brand within the Empire State. Ahead of DraftKings, the mobile sports betting handle by FanDuel amounted to $925.6 million, with a corresponding revenue of $70.6 million. DraftKings followed closely, with a handle of $731.9 million and a revenue of $46.5 million.
DraftKings reported Q3 2025 revenue of $1.14 billion, up by about 4% ($49 million) compared to $1.09 billion in the same quarter last year.
The operator attributed the...
