NY sports betting numbers soared in September as the NFL returned to action.
According to figures released Thursday by the New York State Gaming Commission, NY sports betting apps posted record-high revenue and the third-highest handle figure ever.
Operators generated $165.6 million in September sports betting revenue, a 15.5% increase over the same month last year. The $1.759 billion in bets was a 40% spike over September 2022.
| Date | Handle |
|---|---|
| January 2023 | $1.789 billion |
| March 2023 | $1.786 billion |
| September 2023 | $1.759 billion |
| January 2022 | $1.669 billion |
| March 2022 | $1.638 billion |
*Online New York sports betting launched in January 2022
Record revenue means record taxes paid at the state’s nation-high 51% rate. The Empire State collected $84.4 million in taxes for the month.
Two NY sports betting behemoths
The return of NFL betting also helped DraftKings surge to a new handle record in New York with $710.5 million in bets last month. It accounted for a 68% increase over September 2022.
DraftKings’ previous high was $593.4 million in January 2023.
FanDuel accepted $682.5 million in September bets, up 36.6% from last year.
FanDuel, DraftKings ahead
The two top NY sports betting apps combined for nearly 80% of all monthly handle.
FanDuel held 11.3% last month and claimed the most September revenue at $76.9 million.
DraftKings produced $61.4 million in revenue, off an 8.6% hold, for the month.
BetRivers sets own NY sports betting record
BetRivers set its own personal best in New York last month. New York sports bettors staked $50.1 million through the app last month.
Its previous high was $49.9 million in March 2023, most likely driven by March Madness betting.
BetRivers increased its year-over-year handle in September by 43%.
PointsBet mostly flat as Fanatics takeover looms
PointsBet accepted $23.8 million in September bets, roughly $70,000 less than the same month last year. It was a 39.5% jump from August, though.
New York sports betting regulators recently approved Fanatics Sportsbook’s acquisition of PointsBet’s license.
There is no immediate timetable, however, for a Fanatics rebrand in the state.
