New York online sportsbooks hit $148m GGR record in November

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November was the best revenue month on record for New York online sports betting, as gross gaming revenue for the month hit a new high of $148.2m.

According to a report from the New York State Gaming Commission, November’s handle also beat out October to claim the third-highest handle month overall for the Empire State since it launched online sports betting earlier this year.

November’s $1.55bn handle topped the previous month’s $1.54bn to become the state’s third-biggest monthly handle since its mobile sportsbooks began operations (January: $1.66bn, March: $1.63bn).

The new GGR high of $148.2m beat the previous best set in October of $145.65m, as well as September’s $143.33m.

With a 51% tax rate, New York’s online sportsbooks paid a new high of $75.59m in taxes to the state, up on last month’s record $74.28m.

Since launching back in January, New York’s online sportsbooks have reported a handle of $14.57bn, a GGR of $1.22bn, and have paid $620.82m to the state in taxes.

Per operator, FanDuel continued its dominance in the Empire State market, earning its second-best monthly handle ever in November with $646.2m (March: $673m) with a GGR of $78.29m.

DraftKings followed ($498.7m handle, $42.33m GGR), followed by Caesars Sportsbook ($200.29m handle, $14.92 GGR), and BetMGM ($111.44m handle, $8.03m GGR).

New York’s mobile sports betting figures for November follow a bill introduced by State Senator Pete Harckham that would give power to the New York State Gaming Commission to create rules limiting how much promotional credit sportsbooks can offer bettors.