NY Sportsbooks Top Themselves In November With Record $2.1 Billion In Handle

Written By Grant Lucas on December 7, 2023 - Last Updated on February 6, 2024
new york jets dj reed for story on ny sports betting november 2023 revenue

It happened again.

Online sportsbooks in New York put up $2 billion in handle for the second straight month. In fact, NY sportsbooks looked at October numbers and decided to one-up themselves.

All told, bettors in the Empire State combined for a record $2.1 billion in bets during the month of November, topping the $2.006 billion reported the previous month.

Before October, no state with state-run sports betting exceeded $2 billion. Now, New York has done it twice.

NY sports betting finding its stride in football season

Football is king, they say, and that was certainly true for the past two months of online sports betting in NY.

Consider August and September, when NY sportsbooks accepted $2.87 billion in handle. November nearly surpassed that by itself. And with October included, the past two months nearly doubled the previous two at $4.12 billion.

In terms of gross gaming revenue, sportsbooks in the Empire State reported $150.9 million, reflecting a 9.3% month-to-month decrease from October but still the third straight month of over $150 million. Since the mobile betting industry went live in New York, sportsbooks have exceeded that total five times. November represents the fifth-highest revenue total in the state’s nearly two-year history.

NY sportsbooks set single-year records – with a month still to go

The first year of online sports betting in New York was one for the history books, to be sure, with operators collecting $16.2 billion in handle, $1.36 billion in total NY sports betting revenue and $693 million in state tax revenue.

We’re 11 months into the second year, with obviously one month left in 2023, and already New York has set annual records.

Through November, NY sportsbooks stand at $17.06 billion in handle – a single-year record. They have pocketed $1.5 billion in gross gaming revenue – a single-year record. And the state has collected $765.8 million in state tax revenue – surprise, another single-year record.

Heading into December, online sports betting in NY stood at $33.3 billion in lifetime handle, trailing only New Jersey ($42.8 billion) and Nevada ($35.9 billion) in that category. With $2.9 billion in revenue, New York also only trails New Jersey ($3.2 billion) in that regard. In state tax revenue, New York stands alone, with a total of $1.5 billion that far and away is the highest in the country. Pennsylvania is closest with $500.7 million in state tax revenue.

Breaking down individual NY sportsbooks

With record-breaking numbers as an industry, there was no doubt bound to be high-water marks set by individual sportsbooks.

At the top, FanDuel Sportsbook NY reported a jaw-dropping $925.4 million in November handle.

To put that in perspective, FanDuel New York itself topped the October handle total of Pennsylvania as a whole. FanDuel’s figure also represents about 72% of the total reported in New Jersey last month.

Similarly, DraftKings Sportsbook NY set its own NY record with $732.1 million in handle. It ranks No. 1 for DraftKings, of course, and is the fourth-highest monthly total reported in New York. In addition, DraftKings crossed the $10 billion lifetime threshold while FanDuel continues to set the pace at $13.5 billion.

Elsewhere, Caesars Sportsbook NY had its best month ($204.9 million handle) since March. In terms of revenue, BetRivers Sportsbook NY reported its best total at $4.97 million.

Lastly, of note, Bally Bet Sportsbook NY, in its first month back since June, posted its best handle ($4.3 million) and revenue ($294,163). Bally Bet also became the ninth and final NY sportsbook to cross $20 million in lifetime handle.

Online SportsbookHandleGross Gaming RevenueTax
Resorts WorldBet$6,822,586$483,433$246,551
Bally Bet$4,307,119$234,163$119,423
Photo by Associated Press
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Written by
Grant Lucas

Grant Lucas is the managing editor for PlayNY. A longtime, award-winning sports writer, Grant has covered gambling and legal sports betting since 2018, when he got his start reporting on the New Jersey and Pennsylvania industries. He now oversees PlayNY as New York expands legalized gambling to sports betting and online casino gaming.

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