- The New York State Gaming Commission reported more than $69 million in gross gaming revenue for the week ending Sept. 15
- It was the second most profitable week in New York sports betting history
- New Yorkers bet more than $478.2 million for the week
Football is certainly a cash cow for the New York sports betting season.
The New York State Gaming Commission reported more than $69 million in gross gaming revenue for the week ending Sept. 15, with NFL and college football leading to the second most profitable week of New York sports betting since its launch in January 2022.
The total was just $2 million less than New York’s gross gaming revenue mark for a single week.
Football Driving Profits and Bets
The New York State Gaming Commission reported $478,247,364 in online sports betting handle for the week ending Sept. 15. This led to $69,198,231 in gross gaming revenues, the second most profitable week in state sports betting history. New York set its profit records for the week ending May 12, 2024, with $70,935,647 in gross gaming revenues.
NFL and college football drive profits and handle each fall, with states and sports betting operators typically experiencing the highest amount of activity and revenue during the seasons.
DraftKings topped FanDuel in total handle for the week, reporting $$184,345,077 in online sports betting handle compared with FanDuel’s $183,390,946. FanDuel, however, topped DraftKings in revenue for the week, reporting $35,147,714 in gross gaming revenue compared with DraftKings’ $23,608,757 total.
The New York State Gaming Commission releases handle and revenue reports for its eight live NY sports betting apps, Caesars Sportsbook, DraftKings Sportsbook, FanDuel, BetMGM, Fanatics Sportsbook, Bally Bet, Resorts World Bet, and BetRivers, at the conclusion of each week. WynnBET is currently not live.
Here are the handle breakdowns for the nine sportsbooks for the week ending Sept. 15:
- DraftKings NY: $184,345,077
- FanDuel NY: $183,390,946
- Caesars Sportsbook NY: $33,448,312
- Fanatics Sportsbook: $31,289,229
- BetMGM NY: $31,272,828
- BetRivers: $10,111,325
- Bally Bet: $2,538,469
- Resorts World: $1,851,177
- WynnBET: $0
ESPN BET is slated to come to New York soon after securing market access through a $25 million deal for WSI US, LLC, from Wynn Interactive Holdings. WynnBET is no longer operating in the state. However, PENN Entertainment CEO Jay Snowden said the new operator would launch in late August, prior to the start of the college football season. However, the first several weeks of college football and the NFL have already come and gone, while the state still has no access to ESPN BET.
The New York State Gaming Commission will consider PENN’s acquisition of WynnBET during its upcoming meeting on Monday, Sept. 23. If approved, it will pave the way for an ESPN BET launch in the state.
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 $20 billion in total handle so far.
- FanDuel: $20,284,773,351
- DraftKings: $16,753,399,891
- Caesars: $6,241,566,879
- BetMGM: $3,598,593,107
- BetRivers: $1,476,109,272
- Fanatics Sportsbook: $1,367,956,290
- WynnBET: $234,058,992
- Resorts World: $195,469,790
- Bally Bet: $98,996,850
NY Sports Betting Revenues
For the week of Sept. 15, the nine sportsbooks reported a total of $69,198,231 in gross gaming revenue. At New York’s 51% online sports betting tax rate, this resulted in $35,291,097 million in tax revenue.
Here are the total gross gaming revenues for the week:
- FanDuel: $35,147,714
- DraftKings: $23,608,757
- Caesars: $3,795,549
- Fanatics Sportsbook: $2,957,354
- BetMGM: $2,115,654
- BetRivers: $913,880
- Bally Bet: $391,466
- Resorts World: $267,856
- WynnBET: $0
Here are the total gross gaming revenues since the Jan. 8, 2022 launch:
- FanDuel: $2,132,647,431
- DraftKings: $1,416,832,104
- Caesars: $450,452,916
- BetMGM: $237,307,910
- Fanatics Sportsbook: $98,352,197
- BetRivers: $86,923,881
- Resorts World: $12,743,979
- WynnBET: $11,376,541
- Bally Bet: $5,684,604
New York has seen a surge in sports betting activity during the football season, with record numbers being reported by various sportsbooks across the state. The legalization of sports betting in New York has opened up a new avenue for sports fans to engage with their favorite teams and players, while also providing a significant boost to the state’s economy.
According to recent reports, sports betting in New York has reached new heights during the football season, with millions of dollars being wagered on games each week. This surge in activity can be attributed to a number of factors, including the popularity of football in the United States and the convenience of online sports betting platforms.
One of the key drivers of this increase in sports betting activity is the legalization of mobile sports betting in New York. This has allowed sports fans to place bets from the comfort of their own homes or while on the go, making it easier than ever to participate in the action. Additionally, the availability of a wide range of betting options, including live betting and prop bets, has further fueled the growth of sports betting in the state.
The influx of sports betting activity has not only provided entertainment for sports fans, but has also had a positive impact on the state’s economy. The revenue generated from sports betting taxes has helped to fund various programs and initiatives in New York, while also creating jobs and boosting local businesses.
As the football season continues to unfold, it is expected that sports betting activity in New York will only continue to grow. With more and more sports fans getting in on the action, the state is poised to see even greater levels of engagement and excitement surrounding sports betting in the future.
Overall, the record sports betting activity in New York during the football season is a testament to the growing popularity of sports betting in the state. With the legalization of mobile sports betting and a wide range of betting options available, sports fans have more opportunities than ever to get involved in the action and support their favorite teams.
