- New York sports betting had its most profitable month ever in November
- The state took in more than $118 million in sports betting tax revenue for the month
- New York sports bettors wagered more than $2.26 billion in the month
The most massive sports betting market in the country had its most profitable month of business ever.
New York took in more than $118.1 million in sports betting tax revenue during the month of November, the most profitable month of sports betting the Empire State has ever had since launching in January 2022.
The state reported a whopping $231.57 million in gross gaming revenue for the month, with bettors wagering $2,265,089,204 total in November.
Football Season Has Been Kind to New York
Football is king in the sports betting world, and has been proved as such in New York. Since September, the state reported $312,440,266 in sports betting tax revenue, the most profitable three-month span in the state’s sports betting history.
The success continued into the first week of December, as the New York State Gaming Commission reported $512,881,753 in online sports betting handle for the week ending Dec. 8. The week also saw $36.8 million in gross gaming revenue.
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.
Here are the handle breakdowns for the nine sportsbooks for the week ending Dec. 8.
- FanDuel NY: $213,084,635
- DraftKings NY: $165,031,774
- BetMGM NY: $42,421,182
- Caesars Sportsbook: $36,304,782
- Fanatics Sportsbook: $32,632,503
- BetRivers: $10,594,925
- ESPN BET: $7,555,173
- Bally Bet: $4,189,654
- Resorts World: $1,067,125
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 $22 billion in total handle so far.
- FanDuel: $22,771,069,421
- DraftKings: $18,919,386,690
- Caesars: $6,672,954,876
- BetMGM: $4,052,408,879
- BetRivers: $1,601,454,671
- Fanatics Sportsbook: $1,837,647,054
- Resorts World: $212,551,998
- Bally Bet: $130,478,032
- ESPN BET: $93,097,559
NY Sports Betting Revenues
For the week of Dec. 8, the nine sportsbooks reported a total of $36,827,833 in gross gaming revenue. At New York’s 51% online sports betting tax rate, this resulted in $18,782,194 million in tax revenue.
Here are the total gross gaming revenues for the week:
- FanDuel: $16,740,950
- DraftKings: $12,757,163
- Fanatics Sportsbook: $2,403,702
- Caesars Sportsbook: $2,363,195
- BetMGM: $1,428,922
- BetRivers: $648,691
- ESPN BET: $315,514
- Bally Bet: $89,433
- Resorts World: $80,262
Here are the total gross gaming revenues since the Jan. 8, 2022 launch:
- FanDuel: $2,366,966,547
- DraftKings: $1,596,212,844
- Caesars Sportsbook: $483,816,834
- BetMGM: $266,248,092
- Fanatics Sportsbook: $130,471,824
- BetRivers: $97,102,819
- Resorts World: $13,966,408
- Bally Bet: $7,707,648
- ESPN BET: $6,650,335
November was a historic month for sports betting in New York, with record-breaking numbers reported across the state. The New York State Gaming Commission announced that total sports betting handle for the month of November reached an impressive $1.3 billion, shattering previous records and highlighting the growing popularity of sports betting in the Empire State.
The surge in sports betting activity can be attributed to a number of factors, including the continued expansion of online and mobile sports betting options in New York. In January of this year, Governor Andrew Cuomo signed legislation allowing for online sports betting, which has proven to be a game-changer for the industry. With the convenience of being able to place bets from anywhere within the state, more New Yorkers are participating in sports betting than ever before.
In addition to the convenience of online sports betting, the month of November also saw a number of high-profile sporting events that likely contributed to the record-breaking numbers. The NFL season was in full swing, with several marquee matchups drawing in large numbers of bettors. The NBA and NHL seasons were also underway, providing even more opportunities for sports fans to wager on their favorite teams and players.
The record-breaking month for sports betting in New York is a positive sign for the industry as a whole, as it demonstrates the strong demand for legal and regulated sports betting options. With more states across the country moving to legalize sports betting, it is clear that this trend is here to stay.
As we look ahead to the future of sports betting in New York, it is likely that we will continue to see growth in both the number of bettors and the total handle. With online and mobile sports betting becoming increasingly popular, the industry is poised for even more success in the months and years to come.
