New York Online Sports Betting Surges Toward Another Record-Breaking Month in November
New York's online sports betting market continues its remarkable momentum, with the latest figures indicating potential record-breaking performance in November 2024. The state reported $527.1 million in betting handle and $55.1 million in gross gaming revenue for the week ending November 10.
November's performance has already reached $1.085 billion in total handle, positioning it to potentially surpass October's record of $2.3 billion with nearly three weeks of data still unreported.
Basketball player dribbles past defender
Weekly Performance Breakdown (Nov. 10):
FanDuel leads the market with $215.0M in handle, followed by DraftKings ($167.0M), BetMGM ($43.4M), Fanatics ($39.7M), and Caesars ($37.6M). The remaining operators - BetRivers, ESPN BET, Bally Bet, and Resorts World - combined for $24.1M in handle.
Lifetime Handle Leaders (Since Jan 2022):
- FanDuel: $21.92B
- DraftKings: $18.22B
- Caesars: $6.52B
- BetMGM: $3.89B
- Others: Combined $3.62B
Revenue Performance:
The week's gross gaming revenue reached $55.1M, generating $28.1M in tax revenue at New York's 51% tax rate. FanDuel dominated with $24.3M in revenue, while DraftKings secured $15.3M.
Lifetime Revenue Leaders:
- FanDuel: $2.29B
- DraftKings: $1.53B
- Caesars: $473M
- BetMGM: $255M
- Others: Combined $235M
The robust performance of New York's online sports betting market continues to demonstrate the state's position as a leading jurisdiction in the U.S. sports betting industry.
Related Articles
DraftKings Promo Code: Get Instant $200 Bonus for NBA Play-In, MLB Games
