New York’s sportsbook handle achieved a new high last month, while revenue amounted to $238.7 million.
Consumers in New York spent a record $2.64 billion betting online on sports during October, while revenue in the Empire State reached its highest level in five months.
October’s handle surpassed the previous record of $2.49 billion – set in January this year – by 6.02%. It was also 13.3% higher than October 2024 and 15.3% ahead of this September.
Data from the New York State Gaming Commission also revealed mobile sportsbook revenue for the month hit $238.7 million. This surpassed last year’s total by 35.4% and beat September by 23.2%.
September’s revenue haul was also the third-highest on record in New York, behind $247 million in January and the state’s all-time high of $248.9 million, set in May this year.
In terms of hold, the statewide figure for October stood at 9.03%.
FanDuel sets operator handle record in New York
Turning to operators, FanDuel was again the market leader, retaining first position with some style. It posted $100.6 million revenue off a $1.01 billion handle for a hold of 10%.
This was the first time an operator had taken over $1 billion worth of online sports bets in New York in a single month.
Longtime rival DraftKings also set a new handle record in October. It took $938 million in bets, more than in any other month in New York, and posted $82.9 million in revenue. This left a hold of 8.84%.
Fanatics was again the next closest challenger in third. It reported $18.7 million in revenue off a $205.7 million handle for a 9.09% monthly hold.
BetMGM edges clear of Caesars
As for the rest of the chasing pack, BetMGM was next in terms of revenue. It reported $14.4 million in revenue from $187.5 million in wagers, leaving a hold of 7.68%.
Caesars, which tied with BetMGM for revenue in September, was next with $13.2 million off a $175.8 million handle, resulting in a 7.51% hold. Rush Street Interactive followed with $4.4 million from $53 million for a hold of 8.30%
Next was ESPN Bet, taking $3.4 million from $60.3 million for a 5.64% hold. Incidentally, ESPN Bet will soon cease to exist as a brand after ESPN and Penn Entertainment mutually agreed this week to end their partnership. Penn plans to relaunch its theScore Bet product in the US by the start of December.
Elsewhere, Bally Bet posted $1.1 million from $16.6 million in bets for a 6.63% hold. Resorts World Bet again rounded off the New York market with $229,357 in revenue from a $2.8 million handle, resulting in an 8.33% hold.
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