NY sports betting numbers soared in September as the NFL returned to action.
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.
|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
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
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.