NY Sports Betting Rises To Record Revenue In September As NFL Returns

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NY sports betting

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.

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.