Powered by:
as known from New York Timesas known from USA Todayas known from yahoo!
VA
Contains commercial content
The Grueling Truth - Where Legends Speak / New York sets record with $62.04M in weekly sports betting revenue

New York sets record with $62.04M in weekly sports betting revenue

Publish Date: 10/21/2023
Fact checked by: Mike Goodpaster

New York online sports betting achieved a record-breaking week, generating $62.04 million in gross gaming revenue for the week ending October 15. This surpasses the previous record, set since the state launched sports betting in January 2022, by nearly $5 million.

New York raked in a gross gaming revenue (GGR) of $62,042,634, surpassing its prior weekly high of $57,459,178 set during the week ending on January 22, 2023. FanDuel led all operators with $29.5 million in gross gaming revenue.

The state collected over $31.6 million in online sports betting tax revenue for the week.

Impressive weekly handle growth

The weekly online sports betting handle for New York reached $402,719,353. This marks an almost $9 million increase from the previous week. FanDuel reported the highest sports betting handle with $159.94 million, narrowly surpassing DraftKings’ reported total of $145.94 million.

After FanDuel and DraftKings, Caesars Sportsbook closely followed with $42.4 million, while BetMGM has amassed $22.3 million, close to BetRiver’s $22.7 million. PointsBet, WynnBET, and Resorts World collected $5.5 million, $2.4 million, and $1.4 million respectively.

Fanatics Sportsbook is set to take over PointsBet’s New York online sports betting license. The New York State Gaming Commission has approved the transfer, making way for a new sports betting operator in the Empire State. However, there is no specified timeline for the license transfer.

Bally Bet, which paused operations on June 22 for a transition to Kambi’s sports betting platform, has resumed in several states but is awaiting approval to begin operations in New York.

New York has previously achieved a record-breaking annual sports betting handle of $16.2 billion in its first year of legal sports betting in January. The city has successfully surpassed New Jersey’s record of $10.9 billion in 2021.

Last December, the Empire State also reached a monthly handle of $1.62 billion, which marked the tenth consecutive month with a handle exceeding $1 billion.

Read Also
The Greatest College Basketball Team of All Time
Rating the greatest college basketball teams ever has been done many times ...
Esteban de Jesus, Roberto Duran y AIDS (1972-89)
Many of us dream of celebrity sports fame, but only cruel individuals ...
BetMGM Promo
Louisiana betting tax rate – what it means for bettors
As Benjamin Franklin famously said, “Nothing is certain but death and taxes” ...
How Do I Tax My Sports Betting Wins in New York?
Taxes, taxes, taxes. You just don’t want to think about taxes after ...
Top 50 NBA players under 25 years old in 2021: Doncic bests Young
This year’s playoffs confirmed that the NBA is in good hands. The ...
Ranking the top 200 players in the NFL ahead of the 2021 season
This list isn’t based solely on performances from the 2020 NFL season. ...
Top 100 NFL free agents entering the 2021 offseason
Below is a list of the top 100 free agents available this ...
Ranking the 50 best current NBA players entering the 2020 season
Welcome to the third edition of my annual NBA top 50 player ...
Lady Tyger’s Tale: How Marian Trimiar Mauled the Boxing Establishment of the 1970s and 80s
To Feed the Ambition in Your Heart is Like Carrying a Tiger ...
Sam’s 2020 NFL mock draft 4.0 – Herbert falls as Love rises
As I began putting together this mock draft, I realized a lot ...
Sportsbook of the month
PointsBet - Get your Bonus Bet now!
-
Latest News
The Nine Most underrated Heavyweight Boxers of All-Time
I love making these lists. I grew up ...
Top 10 Second Baseman in Cincinnati Reds History
Number one is easily Joe Morgan, who may ...
College Football Conference Championship Predictions
  Rivalry week was a glorious display of ...
Our Latest YouTube Videos
Video: Indiana Basketball weekly W/Steve Risley: IU/Harvard Preview and UCONN and Louisville Recaps!
Indiana Basketball weekly W/Steve Risley: IU/Harvard Preview and UCONN and Louisville Recaps!
Video: Indiana Basketball Weekly W/Steve Risley: Indiana vs Army Preview and Florida Gulf Coast recap!
Indiana Basketball Weekly W/Steve Risley: Indiana vs Army Preview and Florida Gulf Coast recap!
Video: Indiana Hoosiers hire Curt Cignetti as Head Coach, Is it the right Hire?
Indiana Hoosiers hire Curt Cignetti as Head Coach, Is it the right Hire?
Betting Tips
12/02/2023 - 4:00 pm
Mercedes Benz Stadium
Tip:
Georgia to Cover
-5.50
FanDuel
12/01/2023 - 9:00 pm
Allen Fieldhouse
Tip:
Kansas to Cover
-2.50
FanDuel
12/01/2023 - 7:30 pm
Allegiant Stadium
Tip:
Oregon to Cover
-9.50
FanDuel
Sportsbook of the month
PointsBet - Get your Bonus Bet now!
-
Top Betting Sites
Top Betting Bonuses
DraftKings
DraftKings
DraftKings Review
4.6/5
FanDuel
FanDuel
FanDuel Review
4.6/5
BetMGM
BetMGM
BetMGM Review
4.5/5
Bet365
Bet365
Bet365 Review
4.5/5
BetRivers.com
BetRivers.com
BetRivers.com Review
4.5/5
DraftKings
DraftKings Bonus
Bet $5 Get $150 Instantly
T&Cs apply
4.6/5
FanDuel
FanDuel Bonus
Bet $5 Get $150 in Bonus Bets
T&Cs apply
4.6/5
BetMGM
BetMGM Bonus
up to $1,500 back in Bonus Bets
T&Cs apply
4.5/5
Bet365
Bet365 Bonus
$1000 in Bonus Bets
T&Cs apply
4.5/5
Place your first cash bet up to $1,000, and if the bet loses, you will have your wager refunded in Bonus Bets. T&Cs, time limits and exclusions apply. Gambling Problem? Call 1-800-Gambler 21+
Caesars
Caesars Bonus
100% up to $1000
T&Cs apply
4.5/5
Our Team
Mike GoodpasterAuthor IconJosh SchwartzSamuel TeetsSimon Briffa
+10
Mike Goodpaster
Mike Goodpaster
Chief Editor
Author Icon
Christopher Carlson
Content Writer
Josh Schwartz
Josh Schwartz
Editor
Samuel Teets
Samuel Teets
US Sports Veteran
Simon Briffa
Simon Briffa
Sports Editor
Mark Lewis
Mark Lewis
Editor
Chris Benedict
Chris Benedict
Editor
Author Icon
Daniel Kornhauser
Author
John Raspanti
John Raspanti
Author
Author Icon
Malik Zorrok
Author
Author Icon
Buddy Gibbs
Author
Brian Coburn
Brian Coburn
Author
aukje
aukje
Author
Peter Bonahoom
Peter Bonahoom
Author
berina
berina
Author
Find out what the legends have to say about sports this week....

Players must be 21 years of age or older or reach the minimum age for gambling in their respective state and located in jurisdictions where online gambling is legal. Please play responsibly. Bet with your head, not over it. If you or someone you know has a gambling problem, and wants help, call or visit: (a) the Council on Compulsive Gambling of New Jersey at 1-800-Gambler or www.800gambler.org; or (b) Gamblers Anonymous at 855-2-CALL-GA or www.gamblersanonymous.org.

This site is using Cloudflare and adheres to the Google Safe Browsing Program. We adapted Google's Privacy Guidelines to keep your data safe at all times.

21+NCPG
Move to Top
Close
Players accepted in the US US Flag
Stake.us Exclusive Bonus
$25 No Deposit + 250,000 Gold Coins + 5% Rakeback
Promo Code
Copy
Visit Site
T&Cs apply, 18+
Payment Methods
Bitcoin
Litecoin
Ethereum
Dogecoin
Highlights
  • Exclusive promo code: TGTSOCIAL
  • Play Plinko, Hilo, Crash and more!
  • Get Stake Cash bonuses every day!
Stake Originals
Dice
Crash
Plinko
Mines
×
Your Promo Code:
The bonus offer of was already opened in an additional window. If not, you can open it also by clicking the following link:
Visit Site