New York mobile sportsbooks record third-best monthly handle in October

New York’s mobile sports betting market produced its third-best monthly handle to date in October and its best handle numbers since March.
Image: Luciano Mortula - LGM/Shutterstock

New York’s mobile sports betting market produced its third-best monthly handle to date in October and its best handle numbers since March.

The Empire State’s online sportsbooks have also posted their best-ever revenue month, resulting in a new record amount being paid to the state in taxes as well.

The New York State Gaming Commission revealed in a report that the state’s mobile sports betting handle for October was $1.54bn, an improvement on the previous month’s $1.26bn.

October was also the first time New York’s online sportsbooks surpassed $1.5bn in handle since February, and it is the state’s third biggest monthly handle since it opened its mobile sports betting market (January: $1.66bn, March: $1.63bn).

Mobile sports betting operators earned revenues of $145.65m during the month, beating the previous best GGR record set in September of $143.33m.

With a 51% tax rate, New York’s online sportsbooks paid a new high of $74.28m in taxes to the state, up on last month’s record $73.09m.

Since launching back in January, New York’s online sportsbooks have reported a handle of $13.01bn, a GGR of $1.07bn, and have paid $545.23m to the state in taxes.

Per operator, FanDuel once again led the way in October, achieving a handle of $609m, its second-best monthly handle in the state (March: $673m). The sportsbook reported revenues of $76.43m as well.

DraftKings was next ($534.57m handle, $41.07m GGR), followed by Caesars Sportsbook ($195.18m handle, $14.92m GGR), and then BetMGM who posted a handle above $100m for the first time since May ($106.21m handle, $8.21m GGR).