NY Sportsbooks Set Revenue Record In September, Clearing $165 Million

Written By David Danzis on October 12, 2023
fans cheer for the new york jets, fans that no doubt helped new york sports betting set an industry record for september revenue

New York sportsbooks broke the monthly revenue record in September, narrowly besting the previous high set earlier this year.

Online sports betting in NY generated nearly $165.6 million last month, according to the New York State Gaming Commission. In March, NY sportsbooks reported $162.8 million in revenue.

State tax collections also hit an all-time high as a result. New York mobile sports betting produced more than $84.4 million in taxes in September, up slightly from the $83 million reported in March.

The $1 billion norm of NY sports betting

The books’ good fortune in September was the result of nearly $1.76 billion in legal wagers, according to the NYSGC data. Year-over-year, last month’s handle is a 40% increase compared to September 2022.

Last month’s handle is third all-time behind $1.79 billion in January and March’s $1.78 billion.

Since September 2022, NY online sportsbooks have exceeded $1 billion in monthly handle every month except July 2023 ($962 million).

In the 21 months since NY launched legal online sports gambling, the monthly handle has been over $1 billion in all but three months (July 2022, August 2022, July 2023).

Breaking down state by NY sportsbooks

The national sports betting leaders maintained their dominance in the Empire State last month.

FanDuel Sportsbook NY reported revenue of $76.9 million from more than $682.5 million in bets last month. DraftKings Sportsbook NY generated $61.4 million and a monthly handle of $710.4 million.

BetMGM and Caesars were the only other NY mobile sports betting operators to surpass the $100-million handle mark in September. Caesars Sportsbook NY took just under $174 million in legal wagers last month, netting $12.6 million in NY sports betting revenue. Meanwhile, BetMGM Sportsbook NY posted a handle of $100.7 million with monthly revenue of $8.1 million.

Rush Street Interactive’s BetRivers Sportsbook NY reported a handle of $50 million and monthly revenue of $4.2 million.

Online SportsbookHandleGross Gaming RevenueTax
Resorts WorldBet$6,775,945$246,386$125,657
Bally Bet$0$0$0
Photo by Rusty Jones / AP Photo
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David Danzis

David Danzis is a writer for PlayNY. A New Jersey native and honors graduate of Rutgers University, he served as a newspaper reporter for the New Jersey Herald and Press of Atlantic City, earning statewide awards for his coverage of politics, government, education, sports and business. Today, he contributes to New York's growing legal gambling landscape, including online sports betting and potential legalization of NY online casinos. David lives in Mays Landing with his wife and two children. When not on the beach, a golf course, or snowboarding, David enjoys watching his beloved New York sports teams — Yankees, Jets, Rangers and Knicks.

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