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New York Sports Betting Handle Hits All-Time Monthly High

Robert Linnehan

By Robert Linnehan in Sports Betting News

Published:


NBA: New York Knicks at Detroit Pistons
Nov 1, 2024; Detroit, Michigan, USA; New York Knicks guard Miles McBride (2) dunks the ball against the Detroit Pistons in the fourth quarter of the Pistons game against the New York Knicks at Little Caesars Arena. Mandatory Credit: Lon Horwedel-Imagn Images
  • New Yorkers bet the most they ever have in the state’s history during October
  • The New York State Gaming Commission reported $2.3 billion in online sports betting handle for October
  • The state took in more than $86.4 million in sports betting tax revenue for the month

New Yorkers flocked to their apps during October and bet the most they ever have in the state’s sports betting history.

The New York State Gaming Commission reported $2.3 billion in online sports betting handle for October, the highest ever amount bet in the state’s history. It was only the fifth month New York has topped the $2 billion sports betting handle mark.

Gross gaming revenue did not follow suit, however, as the state saw a $28 million decrease from September’s total.

Football Driving Sports Betting Numbers

As always, football is key for driving sports betting numbers. New York reported $2,321,095,638 in total online sports betting for October, topping the previous monthly high of $2,109,294,400 in November 2023.

Each of the five months New York online sports betting eclipsed $2 billion in handle has been during the NFL and college football seasons.

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 $558,403,948 in handle and $52,274,672 in gross gaming revenue for the week ending Nov. 3.

Here are the handle breakdowns for the nine sportsbooks for the week ending Nov. 3.

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: $21,705,944,235
  • DraftKings: $18,060,859,424
  • Caesars: $6,490,242,762
  • BetMGM: $3,854,195,229
  • BetRivers: $1,546,886,918
  • Fanatics Sportsbook: $1,646,018,823
  • Resorts World: $206,579,408
  • Bally Bet: $116,402,576
  • ESPN BET: $49,520,071

NY Sports Betting Revenues

For the week of Nov. 3, the nine sportsbooks reported a total of $52,274,672 in gross gaming revenue. At New York’s 51% online sports betting tax rate, this resulted in $26,660,082 million in tax revenue.

Here are the total gross gaming revenues for the week:

  • FanDuel: $26,889,558
  • DraftKings: $16,915,929
  • Caesars Sportsbook: $2,669,670
  • Fanatics Sportsbook: $2,497,164
  • BetMGM: $2,163,008
  • BetRivers: $480,531
  • ESPN BET: $412,543
  • Resorts World: $189,860
  • Bally Bet: $56,409

Here are the total gross gaming revenues since the Jan. 8, 2022 launch:

  • FanDuel: $2,265,742,363
  • DraftKings: $1,516,344,718
  • Caesars Sportsbook: $468,961,423
  • BetMGM: $251,051,747
  • Fanatics Sportsbook: $113,814,671
  • BetRivers: $92,307,197
  • Resorts World: $13,384,812
  • Bally Bet: $6,542,156
  • ESPN BET: $3,183,511
Robert Linnehan
Robert Linnehan

Regulatory Writer and Editor

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.

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