- New Yorkers bet the most they ever have in the state’s history during October
- The New York State Gaming Commission reported $2.3 billion in online sports betting handle for October
- The state took in more than $86.4 million in sports betting tax revenue for the month
New Yorkers flocked to their apps during October and bet the most they ever have in the state’s sports betting history.
The New York State Gaming Commission reported $2.3 billion in online sports betting handle for October, the highest ever amount bet in the state’s history. It was only the fifth month New York has topped the $2 billion sports betting handle mark.
Gross gaming revenue did not follow suit, however, as the state saw a $28 million decrease from September’s total.
Football Driving Sports Betting Numbers
As always, football is key for driving sports betting numbers. New York reported $2,321,095,638 in total online sports betting for October, topping the previous monthly high of $2,109,294,400 in November 2023.
Each of the five months New York online sports betting eclipsed $2 billion in handle has been during the NFL and college football seasons.
The New York State Gaming Commission releases handle and revenue reports for its nine live NY sports betting apps, Caesars Sportsbook, DraftKings Sportsbook, FanDuel, BetMGM, Fanatics Sportsbook, Bally Bet, Resorts World Bet, ESPN BET, and BetRivers, at the conclusion of each week.
The commission reported $558,403,948 in handle and $52,274,672 in gross gaming revenue for the week ending Nov. 3.
Here are the handle breakdowns for the nine sportsbooks for the week ending Nov. 3.
- FanDuel NY: $230,944,387
- DraftKings NY: $183,287,462
- BetMGM NY: $43,368,308
- Fanatics Sportsbook: $39,251,365
- Caesars Sportsbook: $37,319,237
- ESPN BET: $9,121,403
- BetRivers: $10,864,920
- Bally Bet: $2,726,071
- Resorts World: $1,520,793
Here are the total handles for the nine sportsbooks since New York’s Jan. 8, 2022 launch. FanDuel is the only operator in the state to eclipse $21 billion in total handle so far.
- FanDuel: $21,705,944,235
- DraftKings: $18,060,859,424
- Caesars: $6,490,242,762
- BetMGM: $3,854,195,229
- BetRivers: $1,546,886,918
- Fanatics Sportsbook: $1,646,018,823
- Resorts World: $206,579,408
- Bally Bet: $116,402,576
- ESPN BET: $49,520,071
NY Sports Betting Revenues
For the week of Nov. 3, the nine sportsbooks reported a total of $52,274,672 in gross gaming revenue. At New York’s 51% online sports betting tax rate, this resulted in $26,660,082 million in tax revenue.
Here are the total gross gaming revenues for the week:
- FanDuel: $26,889,558
- DraftKings: $16,915,929
- Caesars Sportsbook: $2,669,670
- Fanatics Sportsbook: $2,497,164
- BetMGM: $2,163,008
- BetRivers: $480,531
- ESPN BET: $412,543
- Resorts World: $189,860
- Bally Bet: $56,409
Here are the total gross gaming revenues since the Jan. 8, 2022 launch:
- FanDuel: $2,265,742,363
- DraftKings: $1,516,344,718
- Caesars Sportsbook: $468,961,423
- BetMGM: $251,051,747
- Fanatics Sportsbook: $113,814,671
- BetRivers: $92,307,197
- Resorts World: $13,384,812
- Bally Bet: $6,542,156
- ESPN BET: $3,183,511
In recent news, the monthly sports betting handle in New York has reached a record high, signaling a growing interest in sports betting among residents in the state. The handle, which refers to the total amount of money wagered on sports events during a specific period, has been steadily increasing over the past few months, with the latest figures showing a significant spike in activity.
This surge in sports betting activity can be attributed to several factors, including the legalization of online sports betting in New York earlier this year. With more options available for placing bets, sports fans are taking advantage of the opportunity to wager on their favorite teams and events from the comfort of their own homes.
Additionally, the growing popularity of sports betting as a form of entertainment has also contributed to the increase in the monthly handle. Many people see sports betting as a fun and exciting way to engage with their favorite sports and teams, adding an extra layer of excitement to the games they love to watch.
The record high monthly handle in New York is a positive sign for the sports betting industry in the state, indicating that there is a strong demand for this form of entertainment. As more people become interested in sports betting, we can expect to see continued growth in the industry, with even higher handles in the months and years to come.
Overall, the record high monthly sports betting handle in New York is a promising development for the industry, signaling a bright future ahead for sports betting enthusiasts in the state. With more options available and a growing interest in sports betting, it’s clear that this form of entertainment is here to stay.
