New York Online Sports Betting Sets Record High for Revenue
New York’s online sports betting market has recorded its most profitable month ever, with the state surpassing $280.5 million in gross gaming revenue in November. The surge caps off the most successful two-month stretch since legal online wagering launched in the Empire State.
Driven by heavy betting activity and strong performances from leading operators like FanDuel and DraftKings, New York also set new records for total handle and tax revenue, underscoring the rapid growth of its regulated sports betting industry.
1.0
Default
Record-Breaking Revenue for New York Online Sports Betting
New York Online Sports Betting Sets Record High for Revenue
New York experienced its most profitable month of online sports betting ever, as the New York State Gaming Commission reported the state took in more than $280.5 million in gross gaming revenue in November.
Over the past two months, New York online sports betting has brought in more than $519.3 million in gross gaming revenue.
Record-Setting Month of Sports Betting
The New York State Gaming Commission reported $280,556,234 in online sports betting revenue in November, setting a new record for the state and topping the previous record of $248,906,754 this past May.
Over the span of October and November, the New York State Gaming Commission has brought in $519,301,983 in sports betting revenue, by far the most revenue brought in over two months.
At the state’s 51% tax rate, New York brought in a combined $264,844,011 in tax revenue for October and November. Additionally, New York sports bettors wagered more than $5.24 billion in the last two months, another state record.
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, theScore Bet, and BetRivers, at the conclusion of each week.
ESPN BET rebranded to theScore Bet across the country on Monday, Dec. 1. In ESPN BET’s last week of operation in the Empire State, it reported $12,180,558 in online sports betting handle and $1,235,941 in gross gaming revenue.
FanDuel Maintains Top Spot in New York
FanDuel New York maintained its the top operator spot in the state with a strong week, eclipsing DraftKings NY in both handle and gross gaming revenues. FanDuel reported $246,890,964 in online sports betting handle and $30,544,203 in gross gaming revenue for the week, topping DraftKings’ respective totals of $217,365,860 and $27,343,229.
Fanatics Sportsbook kept its stranglehold on the third spot in New York, reported $51.6 million in handle and $6.1 million in gross gaming revenue.
Weekly Handle by Operator
| Online Sports Betting Operator | Total Handle |
|---|---|
| FanDuel | $246,890,964 |
| DraftKings | $217,365,860 |
| Fanatics Sportsbook | $51,680,516 |
| BetMGM | $49,252,132 |
| Caesars Sportsbook | $44,338,187 |
| ESPN BET | $12,180,558 |
| Bet Rivers | $12,117,364 |
| Bally Bet | $3,732,969 |
| Empire Resorts | $0 |
Weekly Gross Gaming Revenue by Operator
| Online Sports Betting Operator | Gross Gaming Revenue |
|---|---|
| FanDuel | $30,544,203 |
| DraftKings | $27,343,229 |
| Fanatics Sportsbook | $6,197,653 |
| Caesars Sportsbook | $3,767,631 |
| BetMGM | $2,039,236 |
| ESPN BET | $1,235,941 |
| Bet Rivers | $1,117,450 |
| Bally Bet | $260,766 |
| Resorts World | $0 |