New York Sports Betting Revenue Hits $52.8 Million in Latest Weekly Report

New York Sports Betting Revenue Hits $52.8 Million in Latest Weekly Report

By Michael Davidson

November 25, 2024 at 05:37 PM

New York sports betting continues its strong performance through November, with four consecutive weeks of gross gaming revenue exceeding $52 million during the football season.

For the week ending November 17, the New York State Gaming Commission reported:

  • Total handle: $491.57 million
  • Gross gaming revenue: $52.82 million
  • Tax revenue: $26.94 million (51% tax rate)

Football player making touchdown leap

Football player making touchdown leap

November Performance:

  • Total handle to date: $1.57 billion
  • On track to potentially break October's record of $2.3 billion
  • First week since early October below $500 million handle

Operator Market Share (Weekly Handle):

  1. FanDuel: $202.54 million
  2. DraftKings: $162.72 million
  3. Fanatics: $37.47 million
  4. BetMGM: $34.13 million
  5. Caesars: $33.13 million
  6. BetRivers: $10.13 million
  7. ESPN BET: $8.43 million
  8. Bally Bet: $1.97 million
  9. Resorts World: $1.06 million

All-Time Handle Leaders (Since January 2022):

  1. FanDuel: $22.12 billion
  2. DraftKings: $18.39 billion
  3. Caesars: $6.56 billion
  4. BetMGM: $3.93 billion
  5. Fanatics: $1.72 billion
  6. BetRivers: $1.57 billion
  7. Resorts World: $209.07 million
  8. Bally Bet: $120.59 million
  9. ESPN BET: $67.57 million

Weekly Revenue Leaders:

  1. FanDuel: $22.68 million
  2. DraftKings: $16.52 million
  3. Fanatics: $4.59 million
  4. BetMGM: $3.86 million
  5. Caesars: $3.12 million

All-Time Revenue Leaders:

  1. FanDuel: $2.31 billion
  2. DraftKings: $1.55 billion
  3. Caesars: $476.18 million
  4. BetMGM: $259.82 million
  5. Fanatics: $121.80 million

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