Fans cheer the Bills during first half action at Highmark Stadium in Orchard Park on Sept. 8, 2024.
- New York online sports betting reported $1.43 billion in handle for August
- The gaming commission reported $124.9 million in gross gaming revenue
- DraftKings topped FanDuel in total handle for the month for the first time since May
New York online sports betting wrapped up a strong August as the Empire State barrels full-force into the fall and the football season.
The New York State Gaming Commission reported $1.43 billion bet online in August, with $401.4 million bet for the week ending Sept. 1. The state reported $124.9 million in gross gaming revenue for August, which led to more than $63.7 million in tax revenue.
DraftKings also had a successful month, topping FanDuel in terms of online handle for the first time since May.
Strong Week Leading into Lucrative Football Season
New York wrapped up August on a strong note as it moves into the most lucrative part of the sports betting year, as both the NFL and College Football had their first full weekends of action.
The gaming commission reported $401,420,347 in online sports betting handle for the week ending Sept. 1, the state’s highest weekly handle total since May. The gaming commission reported $30.4 million in gross gaming revenue.
DraftKings topped FanDuel in total handle for the month, reporting $526,657,397 in online sports betting handle in August compared with FanDuel’s $511,621,543. However, FanDuel still reported more gross gaming revenue than DraftKings for the month, noting $52,606,267 in revenue compared with DraftKings’ $43,304,282.
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.
Here are the handle breakdowns for the nine sportsbooks for the week ending Sept. 1:
- DraftKings NY: $150,365,004
- FanDuel NY: $142,583,417
- BetMGM NY: $33,675,862
- Caesars Sportsbook NY: $31,591,451
- Fanatics Sportsbook: $24,948,259
- BetRivers: $13,142,192
- Resorts World: $2,789,328
- Bally Bet: $2,324,833
- 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 two weeks of college football have already come and gone, the first week of the NFL is almost finished, and the state still has no access to ESPN BET.
The NFL has one more game on tap this week, the Jets vs. the 49ers, so perhaps ESPN BET will launch tonight.
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 $19 billion in total handle so far.
- FanDuel: $19,919,794,594
- DraftKings: $16,387,926,411
- Caesars: $6,173,090,841
- BetMGM: $3,533,284,263
- BetRivers: $1,453,773,292
- Fanatics Sportsbook: $1,308,697,756
- WynnBET: $234,058,992
- Resorts World: $192,118,637
- Bally Bet: $93,629,721
NY Sports Betting Revenues
For the week of Sept. 1, the nine sportsbooks reported a total of $30,404,801 in gross gaming revenue. At New York’s 51% online sports betting tax rate, this resulted in $15,506,448 million in tax revenue.
Here are the total gross gaming revenues for the week:
- FanDuel: $13,450,483
- DraftKings: $9,359,360
- Caesars: $2,310,324
- Fanatics Sportsbook: $2,209,214
- BetMGM: $1,627,540
- BetRivers: $1,032,041
- Bally Bet: $235,018
- Resorts World: $180,822
- WynnBET: $0
Here are the total gross gaming revenues since the Jan. 8, 2022 launch:
- FanDuel: $2,082,541,262
- DraftKings: $1,383,247,887
- Caesars: $444,668,474
- BetMGM: $232,396,333
- Fanatics Sportsbook: $93,661,663
- BetRivers: $85,340,538
- Resorts World: $12,487,780
- WynnBET: $11,376,541
- Bally Bet: $5,146,927
Rob covers all regulatory developments in online gambling. He specializes in US sports betting news along with casino regulation news as one of the most trusted sources in the country.
August was a strong month for online sports betting in New York, setting the stage for what promises to be an exciting football season ahead. With the launch of mobile sports betting in the state earlier this year, New Yorkers have been eagerly placing their bets on their favorite teams and events.
According to recent reports, online sports betting in New York saw a significant increase in activity during the month of August. This surge in betting activity can be attributed to several factors, including the start of the NFL preseason, as well as the continued popularity of other sports such as basketball and baseball.
One of the key drivers of this growth in online sports betting has been the convenience and accessibility of mobile betting platforms. With the ability to place bets from anywhere at any time, New Yorkers have been taking full advantage of the opportunity to wager on their favorite sports teams and events.
In addition to the increase in betting activity, August also saw a rise in revenue generated from online sports betting in New York. This is welcome news for both sportsbooks and the state, as it indicates a strong market for online sports betting in New York.
Looking ahead, the strong August results bode well for the upcoming football season. With the NFL regular season set to kick off soon, sportsbooks are gearing up for what promises to be a busy and exciting time for online sports betting in New York.
Overall, the strong August results for online sports betting in New York are a positive sign for the industry and indicate that there is a strong appetite for sports betting in the state. As we head into the fall and football season gets into full swing, it will be interesting to see how online sports betting continues to grow and evolve in New York.
