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 Sportsbook | Handle | Gross Gaming Revenue | Tax |
|---|---|---|---|
| DraftKings | $710,455,907 | $61,440,814 | $31,334,815 |
| FanDuel | $682,522,472 | $76,895,656 | $39,216,785 |
| Caesars | $173,994,829 | $12,594,040 | $6,422,960 |
| BetMGM | $100,720,429 | $8,188,249 | $4,176,007 |
| BetRivers | $50,053,026 | $4,210,651 | $2,147,432 |
| PointsBet | $23,810,141 | $1,619,466 | $825,928 |
| WynnBet | $10,904,077 | $366,842 | $187,090 |
| Resorts WorldBet | $6,775,945 | $246,386 | $125,657 |
| Bally Bet | $0 | $0 | $0 |
| Total | $1,759,236,826 | $165,562,104 | $84,436,673 |
