New York Sports Betting Passes the $2 Billion Mark in October

Las Vegas Raiders vs. Detroit Lions 2023 NFL Odds, Time, and Prediction

The New York State Gaming Commission has reported that online sportsbooks accepted more than $2 billion in wagers during October, the highest total since the industry launched.
According to the report, the state’s eight active online sports betting operators generated combined gross gaming revenues (GGR) of $166.3 million during October resulting in $84.8 million in tax revenue for the state.
The latest figures mean that since New York sports betting launched online in January 2022, there have only been three months when mobile sports betting handle failed to break the $1 billion mark while October is the first time in history that handle has broken the $2 billion threshold.
The latest report also reveals that New Yorkers have now wagered over $39.6 billion on sports since the industry launched with $29.1 billion of that figure coming through mobile sportsbooks. This has resulted in over $1.3 billion in tax revenue for the state while sports betting operators have generated $2.6 billion in revenue.

Historical Sports Handle, Revenues & Taxes in New York

PeriodTotal HandleMobile HandleSportsbook RevenueWin %State Taxes
Jan 2023$1,799,048,376$1,788,991,455$149,886,7498.33%$76,258,333Feb 2023$1,474,299,932$1,466,956,555$108,470,8357.36%$55,251,455Mar 2023$1,792,885,346$1,785,952,977$163,582,1179.12%$83,132,673Apr 2023$1,550,014,914$1,544,465,378$139,265,0468.98%$70,843,702May 2023$1,363,794,316$1,358,583,506$152,643,13511.19%$77,571,234Jun 2023$1,170,989,676$1,166,390,859$103,956,6418.88%$52,976,398Jul 2023$966,555,215$962,126,094$105,510,88410.92%$53,666,714Aug 2023$1,118,163,959$1,112,768,221$99,241,7938.88%$50,310,977Sep 2023$1,767,913,850$1,759,236,826$166,834,2259.44%$84,563,885Oct 2023$2,017,934,931$2,006,823,408$167,528,5758.30%$84,827,397Totals$15,021,600,515$14,952,295,279$1,356,920,0009.14%$689,402,768

FanDuel Takes Over as Market Leader
FanDuel and DraftKings combined to take in more than $1.54 billion in wagers during the month of October accounting for 76.7% of the online sports betting market.


$652.3 million
$59.2 million

$891.9 million
$83.1 million

$193.2 million
$10.8 million

$107.5 million
$7.1 million

$114.1 million
$3.3 million

$27.6 million
$1.2 million

$12.3 million

Resorts World Bet
$7.6 million

Bally Bet*

$2 billion
$166.3 million

*Bally Bet temporarily closed as operator migrates sports betting platform to Kambi.

Ciaran McEneaney Gambling industry analyst with over a decade of experience working with some of the biggest names in the sports-betting, gambling, poker & casino industry.

John SommersJohn Sommers is a distinguished figure in the world of gambling expertise, known for his deep knowledge and insightful analysis of the gaming industry. As a seasoned author, he has contributed extensively to the reputable gambling news site, TwinCasinos, focusing on providing valuable insights to English-speaking gamblers worldwide.

With a career spanning over a decade, John has honed his expertise in various aspects of gambling, from strategic gameplay to industry trends and regulatory developments. His articles are revered for their blend of comprehensive research, astute observations, and a knack for demystifying complex concepts for both novice and seasoned players.

Beyond his writing prowess, John has established himself as a trusted authority, often sought after for his expert commentary on the ever-evolving landscape of the casino and betting industry. His passion for responsible gambling and commitment to ensuring players make informed choices are evident in his work, making him a beacon of integrity in an industry that demands such values.

Whether you’re a casual gambler or a dedicated enthusiast, John Sommers’ contributions to TwinCasinos promise to be an invaluable resource for navigating the dynamic world of gambling.

John SommersLatest posts by John Sommers (see all)

Author: Willie Edwards