- The New York State Gaming Commission reported $527.1 million in online sports betting last week
- The state took in more than $55 million in gross gaming revenue
- October saw the highest amount ever bet in the state, which may be topped in November
New York’s massive online sports betting run for the football season continued as the state gaming commission yet again reported huge numbers last week.
The New York State Gaming Commission reported $527.1 million in online sports betting handle for the week ending Nov. 10, as well as $55.1 million in gross gaming revenue.
Two weeks into the November sports betting calendar and New York has reported online sports betting handles totaling more than $500 million per week, putting it on pace to top last month’s record setting handle total.
November Trending as a Record Setting Month
So far in November, New York bettors have wagered more than $1.085 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 three weeks left unreported 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 $527,150,681 in handle and $55,196,191 in gross gaming revenue for the week ending Nov. 10.
Here are the handle breakdowns for the nine sportsbooks for the week ending Nov. 10.
- FanDuel NY: $215,037,436
- DraftKings NY: $167,072,709
- BetMGM NY: $43,474,481
- Fanatics Sportsbook: $39,780,684
- Caesars Sportsbook: $37,658,771
- BetRivers: $10,859,477
- ESPN BET: $9,616,542
- Bally Bet: $2,215,802
- Resorts World: $1,434,779
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: $21,920,981,671
- DraftKings: $18,227,932,133
- Caesars: $6,527,901,533
- BetMGM: $3,897,669,710
- BetRivers: $1,557,746,395
- Fanatics Sportsbook: $1,685,799,507
- Resorts World: $208,014,187
- Bally Bet: $118,618,378
- ESPN BET: $59,136,613
NY Sports Betting Revenues
For the week of Nov. 10, the nine sportsbooks reported a total of $55,196,191 in gross gaming revenue. At New York’s 51% online sports betting tax rate, this resulted in $28,150,057 million in tax revenue.
Here are the total gross gaming revenues for the week:
- FanDuel: $24,377,037
- DraftKings: $15,376,628
- BetMGM: $4,911,825
- Caesars Sportsbook: $4,101,217
- Fanatics Sportsbook: $3,395,919
- ESPN BET: $1,447,376
- BetRivers: $1,058,201
- Bally Bet: $360,177
- Resorts World: $167,810
Here are the total gross gaming revenues since the Jan. 8, 2022 launch:
- FanDuel: $2,290,119,400
- DraftKings: $1,531,721,346
- Caesars Sportsbook: $473,062,640
- BetMGM: $255,963,572
- Fanatics Sportsbook: $117,210,590
- BetRivers: $93,365,398
- Resorts World: $13,552,622
- Bally Bet: $6,902,333
- ESPN BET: $4,630,887
As the month of November approaches, online sports betting in New York is poised to potentially break another record. With the popularity of sports betting on the rise and more states legalizing online gambling, New York has seen a significant increase in online sports betting activity in recent months.
One of the main reasons for this surge in online sports betting is the convenience and accessibility that it offers to bettors. With the ability to place bets from the comfort of their own homes or on the go using their mobile devices, more people are turning to online sports betting as their preferred method of placing wagers on their favorite sports teams.
Another factor contributing to the growth of online sports betting in New York is the increasing number of sports events taking place throughout the month of November. From football games to basketball tournaments, there are plenty of opportunities for bettors to get in on the action and place their bets on their favorite teams.
Additionally, with the holiday season approaching, many online sports betting platforms are offering special promotions and bonuses to attract new customers and keep existing ones engaged. These promotions can include free bets, cashback offers, and other incentives that make online sports betting even more appealing to bettors.
Overall, the combination of increased accessibility, a busy sports calendar, and enticing promotions is likely to result in another record-breaking month for online sports betting in New York. Whether you’re a seasoned bettor or new to the world of online sports betting, now is the perfect time to get in on the action and potentially cash in on some big wins.
