New York Online Sports Betting Notches Highest Handle Total of 2023

(from left) New York Jets punter Thomas Morstead (5), safety Tony Adams (22) and linebacker Jamien Sherwood (44) celebrate the sack-fumble by the Buffalo Bills in the second half. The Jets defeat the Bills in overtime, 22-16, in the home opener at MetLife Stadium on Monday, Sept. 11, 2023, in East Rutherford.The New York State Gaming Commission reported $468.8 million in online sports betting handle for the weekIt was the highest handle total of 2023The New York State Gaming Commission reported more than $26 million in gross gaming revenue 

New York online sports betting had its highest handle total of 2023 this past week.

The New York State Gaming Commission reported more than $468.8 million in online sports betting handle for the week ending Oct. 1. It was the most bet in a week for the entire year in the Empire State.

New York online sports betting also generated more than $78 million in sports betting tax revenue in September.

Best 2023 Week of New York Online Sports Betting

The week ending Oct. 1 saw the highest amount bet in the state during 2023 so far, with a total of $468,803,716 bet online. The previous high for the year was $459,982,550 for the week ending March 19, which was the opening week of the NCAA March Madness tournament.

The New York State Gaming Commission releases handle and revenue reports for Caesars Sportsbook, DraftKings Sportsbook, FanDuel, BetMGM, WynnBET, PointsBet, Bally Bet, Resorts World Bet, and BetRivers at the conclusion of each week.

Here are the handle breakdowns for the nine sportsbooks for the week ending Oct. 1:

DraftKings NY: $196,107,171FanDuel NY: $176,812,907Caesars Sportsbook NY: $42,643,120BetMGM NY: $24,250,721BetRivers: $18,222,042PointsBet: $6,004,846WynnBET: $2,862,482Resorts World: $1,900,427Bally Bet: $0

Fanatics Betting and Gaming will likely take over the PointsBet New York online sports betting license soon. Earlier this week the New York State Gaming Commission gave regulatory approval for the transfer of PointsBet’s online sports betting license to Fanatics Betting and Gaming, setting the stage for the first new sports betting operator in the Empire State since it launched online sports betting in Jan. 2022.

There is no timeline for the transfer of the license.

Bally Bet ceased operations on June 22 while it transitions to Kambi’s sports betting platform. It has launched again in several states, but is still waiting to begin operations in New York.

Here are the total handles for the nine sportsbooks since New York’s Jan. 8, 2022 launch. FanDuel is the only operator in the state to eclipse $11 billion in total handle so far.

FanDuel: $11,713,261,548DraftKings: $9,215,957,143Caesars: $4,340,097,954BetMGM: $2,232,422,410BetRivers: $790,185,422PointsBet: $660,341,898WynnBET: $175,462,026Resorts World: $105,179,489Bally Bet: $16,370,924

NY Sports Betting Revenues

For the week of Oct. 1, the nine sportsbooks reported a total of $26,845,819 in gross gaming revenue. At New York’s 51% online sports betting tax rate, this resulted in $13,691,367 million in tax revenue.

Here are the total gross gaming revenues for the week:

FanDuel: $15,921,095DraftKings: $10,357,549BetMGM: $710,365PointsBet: $298,684Caesars: $89,699WynnBET: $6,423Bally Bet: $0Resorts World: ($32,434)BetRivers: ($505,562)

Here are the total gross gaming revenues since the Jan. 8, 2022 launch:

FanDuel: $1,221,228,368DraftKings: $741,400,537Caesars: $318,326,581BetMGM: $149,364,962BetRivers: $46,288,033PointsBet: $40,014,985WynnBET: $10,296,223Resorts World: $5,663,519Bally Bet: $917,669