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New York Sports Betting Rolling Through November

New York Sports Betting Rolling Through November

  • By Admin
  • The New York State Gaming Commission reported $52.8 million in gross gaming revenue for the week ending Nov. 17
  • New York online sports bettors did not crack the $500 million handle mark for the week
  • New York sports bettors still on track to break handle record

New York online sports betting has seen four straight weeks of at least $52 million in gross gaming revenue as the state continues its strong run through the football season.

The New York State Gaming Commission reported $491,574,608 in online sports betting handle for the week ending Nov. 17, the first week since early October where New York sports bettors did not crack the $500 million handle mark.

However, the state made up for the decrease in handle, as the state gaming commission reported another $52.8 million in gross gaming revenue for the week.

Still on Track for All-Time Monthly Handle Record

So far in November, New York bettors have wagered more than $1.57 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 two weeks left of unreported sports betting 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 $491,574,608 in handle and $52,821,349 in gross gaming revenue for the week ending Nov. 17.

Here are the handle breakdowns for the nine sportsbooks for the week ending Nov. 17.

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: $22,123,525,183
  • DraftKings: $18,390,653,030
  • Caesars: $6,561,028,943
  • BetMGM: $3,931,802,206
  • BetRivers: $1,567,873,420
  • Fanatics Sportsbook: $1,723,267,871
  • Resorts World: $209,069,354
  • Bally Bet: $120,585,858
  • ESPN BET: $67,568,871

NY Sports Betting Revenues

For the week of Nov. 17, the nine sportsbooks reported a total of $52,821,349 in gross gaming revenue. At New York’s 51% online sports betting tax rate, this resulted in $26,938,887 million in tax revenue.

Here are the total gross gaming revenues for the week:

  • FanDuel: $22,675,522
  • DraftKings: $16,517,619
  • BetMGM: $3,856,523
  • Caesars Sportsbook: $3,115,522
  • Fanatics Sportsbook: $4,590,425
  • ESPN BET: $776,499
  • BetRivers: $797,580
  • Bally Bet: $327,098
  • Resorts World: $164,560

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

  • FanDuel: $2,312,794,922
  • DraftKings: $1,548,238,965
  • Caesars Sportsbook: $476,178,162
  • BetMGM: $259,820,095
  • Fanatics Sportsbook: $121,801,015
  • BetRivers: $94,162,978
  • Resorts World: $13,717,182
  • Bally Bet: $7,229,431
  • ESPN BET: $5,407,386

The post New York Sports Betting Rolling Through November appeared first on Sports Betting Dime.

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