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.
Operator
Handle
GGR
DraftKings
$652.3 million
$59.2 million
FanDuel
$891.9 million
$83.1 million
Caesars
$193.2 million
$10.8 million
BetMGM
$107.5 million
$7.1 million
BetRivers
$114.1 million
$3.3 million
PointsBet
$27.6 million
$1.2 million
WynnBet
$12.3 million
$313,362
Resorts World Bet
$7.6 million
$894,039
Bally Bet*
$0
$0
Total
$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.
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