The Empire State was provided an all-time treat in October as official mobile sports betting monthly figures were announced by the New York State Gaming Commission (NYSGC) on Thursday.
For the first time since four mobile providers launched New York betting apps on Jan. 8, 2022, the state has gone over the $2 billion mark in handle, generating $2.007 billion in handle (mobile only), a solid 14.1% jump from September’s $1.759 billion and a significant 29.9% increase from October 2022 ($1.543 billion).
The previous record of $1.788 billion was recorded in January. Today’s historic announcement was more than $217.83 million over the old mark. Retail New York sports betting handle and revenue has not yet been reported for October. When that number is released it could increase the state’s monthly handle by as much as $10 million.
New York Mobile Sports Betting, October vs. September
More Records Fall in October
October mobile sports betting revenue (GGR) posted a new record of more than $166.32 million, a .46% smidge upward from the old record set in September ($165.56 million) and up 14.2% from October 2022 ($145.65 million).
Net revenue to platform provider ($81,500,832) and net revenue to education ($84,827,397) both broke last month's record totals. Taxes collected from mobile sports betting in October: $84.82 million, up just $460,000 from September's $84.43 million.
FanDuel NY topped all providers for the month, posting a record of $891.91 million. This marked an increase of $209.39 million from its September total of $682.52 million. It was FanDuel’s fourth straight monthly increase and marked a huge $239.9 million margin over DraftKings ($652.32 million).
Caesars Sportsbook New York ($193.23 million), BetRivers ($114.15 million) and BetMGM ($107.55 million) rounded out the top five. FanDuel’s $83.13 million also was a personal record and led the way in gross gaming revenue (GGR) for the month. DraftKings ($59.82 million), Caesars ($10.89 million), BetMGM ($7.19 million) and BetRivers ($3.31 million) rounded out the top five.