NY Online Sports Betting Set to Break Records for Second Straight Month in November
New York's online sports betting market continues its extraordinary momentum, with the latest figures suggesting November could surpass October's record-breaking performance.
The New York State Gaming Commission reported $527.1 million in betting handle and $55.1 million in gross gaming revenue for the week ending November 10. With over $1.085 billion wagered in just two weeks, November is on track to exceed October's record of $2.3 billion in monthly handle.
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Weekly Operator Performance (Nov. 10):
- FanDuel: $215.0M handle, $24.4M revenue
- DraftKings: $167.1M handle, $15.4M revenue
- BetMGM: $43.5M handle, $4.9M revenue
- Fanatics: $39.8M handle, $3.4M revenue
- Caesars: $37.7M handle, $4.1M revenue
- BetRivers: $10.9M handle, $1.1M revenue
- ESPN BET: $9.6M handle, $1.4M revenue
- Bally Bet: $2.2M handle, $0.4M revenue
- Resorts World: $1.4M handle, $0.2M revenue
Total Handle Since Launch (Jan 2022):
- FanDuel leads with $21.9B
- DraftKings follows with $18.2B
- Caesars at $6.5B
- BetMGM at $3.9B
- Fanatics at $1.7B
- BetRivers at $1.6B
- Remaining operators below $1B
The week's total revenue of $55.2M generated $28.2M in tax revenue for New York state, maintaining its position as the nation's premier sports betting market. The state's 51% tax rate continues to generate substantial returns from the robust betting activity.