- The New York State Gaming Commission reported $52.8 million in gross gaming revenue for the week ending Nov. 17
- New York online sports bettors did not crack the $500 million handle mark for the week
- New York sports bettors still on track to break handle record
New York online sports betting has seen four straight weeks of at least $52 million in gross gaming revenue as the state continues its strong run through the football season.
The New York State Gaming Commission reported $491,574,608 in online sports betting handle for the week ending Nov. 17, the first week since early October where New York sports bettors did not crack the $500 million handle mark.
However, the state made up for the decrease in handle, as the state gaming commission reported another $52.8 million in gross gaming revenue for the week.
Still on Track for All-Time Monthly Handle Record
So far in November, New York bettors have wagered more than $1.57 billion in online sports betting handle. Customers set a monthly handle record in October, betting more than $2.3 billion for the entire month. With nearly two weeks left of unreported sports betting in November, the state may see another record breaking month of betting activity.
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 $491,574,608 in handle and $52,821,349 in gross gaming revenue for the week ending Nov. 17.
Here are the handle breakdowns for the nine sportsbooks for the week ending Nov. 17.
- FanDuel NY: $202,543,512
- DraftKings NY: $162,720,897
- Fanatics Sportsbook: $37,468,364
- BetMGM NY: $34,132,496
- Caesars Sportsbook: $33,127,410
- BetRivers: $10,127,025
- ESPN BET: $8,432,258
- Bally Bet: $1,967,480
- Resorts World: $1,055,167
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: $22,123,525,183
- DraftKings: $18,390,653,030
- Caesars: $6,561,028,943
- BetMGM: $3,931,802,206
- BetRivers: $1,567,873,420
- Fanatics Sportsbook: $1,723,267,871
- Resorts World: $209,069,354
- Bally Bet: $120,585,858
- ESPN BET: $67,568,871
NY Sports Betting Revenues
For the week of Nov. 17, the nine sportsbooks reported a total of $52,821,349 in gross gaming revenue. At New York’s 51% online sports betting tax rate, this resulted in $26,938,887 million in tax revenue.
Here are the total gross gaming revenues for the week:
- FanDuel: $22,675,522
- DraftKings: $16,517,619
- BetMGM: $3,856,523
- Caesars Sportsbook: $3,115,522
- Fanatics Sportsbook: $4,590,425
- ESPN BET: $776,499
- BetRivers: $797,580
- Bally Bet: $327,098
- Resorts World: $164,560
Here are the total gross gaming revenues since the Jan. 8, 2022 launch:
- FanDuel: $2,312,794,922
- DraftKings: $1,548,238,965
- Caesars Sportsbook: $476,178,162
- BetMGM: $259,820,095
- Fanatics Sportsbook: $121,801,015
- BetRivers: $94,162,978
- Resorts World: $13,717,182
- Bally Bet: $7,229,431
- ESPN BET: $5,407,386
November Sees Continued Growth in New York Sports Betting
New York’s sports betting industry continues to experience significant growth, with the month of November showing promising results for operators in the state. According to recent reports, the total handle for sports betting in New York reached a new high in November, surpassing previous records and indicating a strong demand for legal sports wagering in the state.
One of the key factors contributing to the growth of sports betting in New York is the increasing number of online sportsbooks that have launched in the state. With more options available to bettors, the convenience and accessibility of placing bets on sports have improved significantly, leading to a surge in overall betting activity.
In addition to the rise of online sports betting, the expansion of retail sportsbooks across the state has also played a significant role in driving growth in the industry. With more physical locations where bettors can place their wagers, sports betting has become more accessible to a wider audience, further fueling the increase in betting activity.
Furthermore, the legalization of mobile sports betting in New York earlier this year has had a positive impact on the industry, as more bettors are now able to place bets from their smartphones or tablets. This has resulted in a significant increase in the number of bets placed and the total amount wagered, further boosting the overall growth of the sports betting market in the state.
Looking ahead, industry experts predict that the growth of sports betting in New York will continue to accelerate in the coming months, as more operators enter the market and new technologies are introduced to enhance the betting experience for consumers. With a strong foundation in place and a growing demand for legal sports wagering, New York is poised to become one of the leading sports betting markets in the United States in the near future.
