, New York, it s a hell of a sports betting town (state).
For the second month in a row, the Empire State has eclipsed $2 billion in online sports betting handle. The New York State Gaming Commission reported $2.1 billion in handle for the month of November, topping October s record setting mark of $2.006 billion.
The state took in more than $76.9 million in sports betting tax revenue for the month.
Record Setting Handle Mark
No state in the country has totaled more than $2 billion in online sports betting handle for a single month. New York has now reached that impressive total for two consecutive months.
After the week ending Nov. 26, New York needed to record just $22 million from Nov. 27 to 30 to cross the $2 billion mark yet again. It reached that mark and more, totaling $2,109,294,400 in online sports betting handle for November. Gross gaming revenue totaled $150,903,281 for the month, a decline of more than $16 million from October s $166.3 million total.
The New York State Gaming Commission reported $486,725,004 in online sports betting handle for the week ending Dec. 3.
FanDuel again topped all operators in terms of handle the week, totaling $196.6 million in online sports betting handle and $12.2 million in gross gaming revenue. DraftKings totaled $193.6 million in handle, but eclipsed FanDuel with its $13.5 million gross gaming revenue mark.
The New York State Gaming Commission releases for its nine , Caesars Sportsbook, DraftKings Sportsbook, FanDuel, BetMGM, WynnBET, PointsBet, Bally Bet, Resorts World Bet, and BetRivers, at the conclusion of each week.
Here are the handle breakdowns for the nine sportsbooks for the week ending Dec. 3:
: $194,664,678
: $193,588,844
: $45,765,735
: $25,076,947
BetRivers: $15,938,847
PointsBet: $5,994,222
WynnBET: $2,303,410
Resorts World: $1,910,599
Bally Bet: $1,481,723
will likely take over the PointsBet New York online sports betting license soon. The New York State Gaming Commission recently for the transfer of PointsBet’s online sports betting license to Fanatics Betting and Gaming, setting the stage for the first new sports betting operator in the Empire State since it launched online sports betting in Jan. 2022.
There is no timeline for the transfer of the license.
Bally Bet has resumed operations in New York after transitioning to its Kambi platform.
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 $13 billion in total handle so far.
FanDuel: $13,584,170,041
DraftKings: $10,653,547,092
Caesars: $4,753,883,159
BetMGM: $2,468,456,006
BetRivers: $983,733,761
PointsBet: $716,745,489
WynnBET: $199,595,618
Resorts World: $120,377,251
Bally Bet: $21,455,509
NY Sports Betting Revenues
For the week of Dec. 3, the nine sportsbooks reported a total of $32,430,469 in gross gaming revenue. At New York’s 51% online sports betting tax rate, this resulted in $16,539,539 million in tax revenue.
Here are the total gross gaming revenues for the week:
DraftKings: $13,492,835
FanDuel: $12,297,756
Caesars: $2,883,644
BetMGM: $1,964,276
BetRivers: $1,107,822
PointsBet: $328,909
WynnBET: $106,710
Bally Bet: $103,886
Resorts World: $13,932
Here are the total gross gaming revenues since the Jan. 8, 2022 launch:
FanDuel: $1,379,982,733
DraftKings: $862,873,704
Caesars: $344,301,455
BetMGM: $165,181,838
BetRivers: $55,971,389
PointsBet: $43,944,200
WynnBET: $10,490,810
Resorts World: $7,131,599
Bally Bet: $1,201,563