Record-Setting Month Pushes NY Sports Betting Past $30 Billion in Lifetime Handle

Written By Grant Lucas on November 10, 2023 - Last Updated on February 6, 2024
The New York Jets celebrate after a play against the Eagles, a representation of how New York sportsbooks feels after putting up huge sports betting revenue numbers in October

For the first time ever, a state has generated over $2 billion in accepted bets during a single month.

According to data from the New York State Gaming Commission, NY sportsbooks combined for $2.006 billion in October handle, setting a US record for most bets placed in one state.

On top of that, the record-setting month propelled the industry past $30 billion in lifetime handle, becoming just the third US jurisdiction to reach the mark in less than two years.

NY sports betting makes history, closes in on national leaders

The three biggest months in the brief history of online sports betting in New York have come in 2023. All three times, NY sportsbooks neared $1.8 billion, including the previous high of $1.79 billion in January.

Now, New York can claim history as the first to top $2 billion. In addition, the industry joined elite company.

Only New Jersey at $41.5 billion and Nevada at $35.2 billion have totaled over $30 billion in lifetime handle since the US Supreme Court repealed PASPA in 2018. Both state, of course, featured online sports betting in 2018, while New York obviously didn’t make its digital debut until January 2022.

The October successes don’t stop there for New York, which also saw a state-record $166.3 million in gross revenue, which resulted in a record $84.8 million in state tax revenue.

October breakdown of NY sportsbooks

Of course, a month of highs and firsts stem from the performance of the individual operators.

For example, FanDuel Sportsbook NY reported its highest – and, thereby, the state’s highest – monthly handle in October with $891.9 million. It also boasted the highest revenue at $83.1 million.

As per usual, DraftKings Sportsbook NY was right behind with $652.3 million in handle and $59.3 million in NY sports betting revenue, both of which stand as the sportsbook’s second-highest totals. At $9.8 billion in lifetime NY handle, DraftKings is on the doorstep of joining FanDuel as the only NY sportsbooks to cross $10 billion in accepted bets.

Of note, BetRivers Sportsbook NY posted a whopping $114.2 million in October handle, by far its highest monthly total, eclipsing the $50 million figure it reported in September. It was also the first time BetRivers cracked the market’s top four, bumping down BetMGM.

Online SportsbookHandleGross Gaming RevenueTax
FanDuel$891,919,134$83,138,403$42,400,585
DraftKings$652,324,695$59,282,586$30,234,119
Caesars$193,238,342$10,891,473$5,554,651
BetRivers$114,158,031$3,316,040$1,691,180
BetMGM$107,550,276$7,198,813$3,671,394
PointsBet$27,640,035$1,293,514$659,692
WynnBet$12,318,670$313,362$159,815
Resorts WorldBet$7,674,225$894,039$455,960
Bally Bet$0$0$0
Total$2,006,823,408$166,328,230$84,827,396
Photo by Bryan Woolston / AP Photo
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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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