New York becomes first state to surpass $2bn in monthly sports bets

FanDuel and DraftKings took 77 per cent of all wagers placed in New York.

11/10/23

October’s handle mobile handle was up 17.6 per cent month-over-month.

US.- New York’s mobile sports betting handle was $2bn in October, up 17.6 per cent compared to September. The figure makes New York the first US market to see $2bn in bets in one month.

According to the New York Gaming Commission, revenue reached $166.3m, beating the previous record set in September ($165.6m). The state collected $84.8m from the 51 per cent tax rate.

FanDuel and DraftKings took 77 per cent of all wagers placed in the Empire State. FanDuel took $891.9m and revenue of $83.1m, while DraftKings’ handle fell by 8.1 per cent month-on-month to $652.3m and revenue dropped 3.5 per cent to $59.3m. Caesars had a handle of $193.2m, its best since March.

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