New Yorkers just keep setting betting records and October was a new high.
New York sports bettors spent a record $2.32 billion dollars in October, which is now the record high for the most money wagered on sports online in a single month in the United States.
When legalized sports betting was coming to the US many experts in the Las Vegas area questioned just how big it would get across the country, while some prominent sports betting voices predicted that New York would re-imagine what we knew as far as money bet on sports was concerned. The Big Apple has done exactly that.
Not surprisingly New York's record-setting sports betting handle numbers were largely because of their love for betting the NFL. The baseball playoffs, both with New York teams, NBA, NHL, and college football all led to setting the record, but pro football impacted the numbers the most. This time of year pushes the market as the last record was in November 2023 with $2.11 billion.
New York has now been above the $2 billion dollar mark in handle five different times since the launch of online betting in January 2022. The numbers show almost a 15% increase year by year in the state. But, despite the record handle, the actual revenue came in 35 million under New York’s all-time high. That means there were more winners in October.
FanDuel was the leader of the pack, once again, with more than 77 million in revenue. DraftKings was at an impressive 59 million. Fanatics came in at just over 12 million and Caesars generated almost 11 million.
ESPN Bet didn't crack the top of the market in it's first month in business, but they are one to watch for the upcoming months.