New Record for Total Sports Betting Revenue Highlights Nov. Report

New Record for Total Sports Betting Revenue Highlights Nov. Report
By Lou Monaco
Fact Checked by Pat McLoone

It thankfully was a very strong November when it comes to sports betting in New York.

Both overall mobile sports wagering handle and Gross Gaming Revenue (GGR) numbers showed slight increases from October. Five of the nine mobile providers showed monthly increases in handle and four in GGR.

Even more impressive? New York set a new monthly record for total sports betting revenue.

Those figures were announced Tuesday by the New York State Gaming Commission (NYSGC).

Breaking Down the Numbers

The state’s total monthly mobile handle was more than $1.553 billion, a $10.07 million increase from October’s $1.543 billion, for a mild 0.7% uptick from October. The state’s total GGR was more than $148.22 million, a 1.8% increase ($2.56 million) from October’s $145.65 million.

The handle number was the ninth time in 11 months it has surpassed the $1 billion mark. Mobile New York sports apps started operation back on Jan. 8.

State taxes collected in November totaled more than $72.62 million.

November total sports betting handle in the state (mobile/retail combined) totaled more than $1.564 million, up 0.6% from October ($1.556 million).

Last month’s total sports betting revenue (GGR, mobile and retail combined) posted at more than $149.24 million, up 1.6% from October ($146.84 million). It also set a new record. 
 
Net revenue to the platform provider was more than $72.62 million, the fifth straight month it has shown an increase. Net revenue to education posted at more than $75.59 million, marking the third consecutive month above $70 million.

December will be marking another historic milestone as overall mobile handle will surpass the $10 billion mark. Currently, it is more than $9.733 billion.

Overall total GGR since launch on Jan. 8 is more than $896.48 million.


New York Sports Betting, November vs. October

 
Total handle Mobile handleRevenue
November  $1.564B $1.554B $149.245M
October  $1.555B $1.544B $146.846M
Change  Up 0.6% Up 0.7% Up 1.6%

November Handle Highlights

Five of the nine betting apps showed increases in their total monthly mobile handle, with four showing slight upticks in total GGR.

FanDuel Sportsbook NY continued its remarkable stretch of dominance in the New York space and generated more than $673.05 million in mobile handle, marking a $37.11 million increase jump from October. It was the second-highest month for FanDuel (also above $673 million in March). FanDuel’s total mobile GGR for the month was $78.29 million.

After a huge $112.36 million increase in October — posting its highest-ever mobile handle in the state at $534.57 million — DraftKings Sportsbook NY had a considerable $35.85 million drop to $498.71 million in November. The number was still the second highest for the Boston-based company in the state. DraftKings also posted more than $42.33 million in total GGR, a slight uptick from $41.07 million, and marked the third month in a row above $40 million.

Caesars Sportsbook NY showed a slight increase in November, posting more than $200.28 million in total mobile handle. This was the first time it eclipsed the $200 million mark since April ($215.74 million).

PointsBet Sportsbook NY surpassed the $40 million mark in total mobile handle ($40.81 million), the first time it has achieved that mark since more than $53.19 million in April.

WynnBet NY achieved its highest total handle since launch on Feb. 4. WynnBet’s November total mobile handle was more than $11.52 million, eclipsing its previous high of more than $9.75 million in May.

New York is about to close its historic first year of mobile sports wagering. EmpireStakes.com will have all the news heading into 2023 and beyond as well as the best NY betting promos.

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Contributors

Lou Monaco had been East Coast Scene columnist for Gaming Today in Las Vegas since June 2019, covering the East Coast sportsbook scene with emphasis on NJ and PA. He also currently is a part-time writer for the high school sports department for NJ Advanced Media (NJ.com) in Iselin, NJ. Lou has over 30 years sports experience with previous stints at ESPN SportsTicker, Daily Racing Form and Oddschecker.

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