New York Online Sports Betting Closing In On Second Straight $2 Billion Month

It wasn t long ago that people were wondering if a state would ever clear $1 billion in sports betting handle in a month.

Now, one state is close to crossing $2 billion in sports betting handle for two months straight.

New York stands on the precipice of clearing $2 billion for handle for the second straight month, as the Empire State has reported more than $1.97 billion in handle with four days left unreported in November.

$2 Billion Again in Reach

The New York State Gaming Commission reported $516,595,390 in online sports betting handle for the week ending Nov. 26. Through November, the state has reported $1.978 billion in online sports betting handle, with four unreported days remaining in the month.

The Empire State could cross the $2 billion handle mark for the second month in a row, as the state reported $2,006,823,408 in handle for October. However, the state also reported just $21.5 million in gross gaming revenue for the week, a decrease or more than $19 million in gross gaming revenue from the week ending Nov. 19.

FanDuel again topped all operators for the week, totaling $214.7 million in online sports betting handle and $11.5 million in gross gaming revenue.

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 Nov. 26:

: $214,764,211
: $186,940,463
: $55,037,519
: $29,448,060
BetRivers: $17,286,784
PointsBet: $6,437,550
WynnBET: $3,105,134
Bally Bet: $1,839,380
Resorts World: $1,736,289

 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: $13,389,505,363
DraftKings: $10,459,958,248
Caesars: $4,708,117,424
BetMGM: $2,443,379,059
BetRivers: $967,794,914
PointsBet: $710,751,267
WynnBET: $197,292,208
Resorts World: $118,466,652
Bally Bet: $19,973,787
NY Sports Betting Revenues

For the week of Nov. 26, the nine sportsbooks reported a total of $21,502,690 in gross gaming revenue. At New York’s 51% online sports betting tax rate, this resulted in $10,966,371 million in tax revenue.

Here are the total gross gaming revenues for the week:

FanDuel: $11,577,607
DraftKings: $7,947,565
Caesars: $494,510
BetMGM: $395,877
BetRivers: $771,268
PointsBet: $379,213
Bally Bet: $85,285
Resorts World: ($73,703)
WynnBET: ($74,932)

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

FanDuel: $1,367,684,977
DraftKings: $849,380,869
Caesars: $341,417,811
BetMGM: $163,217,562
BetRivers: $54,863,567
PointsBet: $43,615,291
WynnBET: $10,384,100
Resorts World: $7,027,713
Bally Bet: $1,056,932

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