New York sports betting operators claimed mobile handle of more than $2.1 billion in November, setting a national record for the second consecutive month, the New York State Gaming Commission reported Friday
The final figures will not be known until the NYSGC releases figures from the state’s four retail sportsbooks, though that total of roughly $10 million will merely polish off the Empire State’s second straight month with more than $2 billion of accepted wagers. It became thebetting apps for sports increased by 5.1%.
| Month | Mobile Handle |
|---|---|
| NOVEMBER 2023 | $2,109,294,000 |
| October 2023 | $2,006,823,408 |
| January 2023 | $1,788,991,455 |
| March 2023 | $1,785,952,977 |
| September 2023 | $1,759,236,826 |
Despite the month-over-month bump, mobile FanDuel in check to some degree. Its 7.5% hold was barely above the collective win rate of 7.2%. The latter was the fourth-lowest percentage in 23 months of mobile wagering in New York and the worst for operators since the all-time low of 6.9% in June 2022.
sports betting as customers came out $312,427 ahead on nearly $11.3 million in accepted bets. It is the largest monthly loss recorded among the state’s nine mobile options, with Bally Bet having paid out $31,467 above its $1.5 million handle in October 2022.
FanDuel, DraftKings set all-time handle highs 3lb6l
New York’s DraftKings, as the two leviathans combined for close to $1.66 billion of the online handle. FanDuel blew past its October record of $891.9 million to nearly $925.4 million — ing for 43.9% of the overall digital handle. That volume alone would rank 10th nationally in 2023 as a state total outside New York.
While FanDuel’s handle was up 43.2% compared to 12 months ago, the $69.2 million in revenue was down 11.6%. FanDuel’s 7.5% hold was its lowest in a month since its all-time low of 4.1% in February 2022, and it was more than 4.6 percentage points lower compared to November 2022. FanDuel did sur $700 million in revenue this year and entered the final month of 2023 with a hold just shy of 10.4%.
DraftKings had an even higher year-over-year bounce in handle as the $732.1 million was an increase of 46.8% and topped its previous high of $710.5 million in September. It nearly matched FanDuel’s hold, landing at just over 7.4%, to claim $54.3 million in winnings and top $500 million for the year.
DraftKings also topped $6 billion handle for the 2023 calendar year, and the 8.4% hold crafted this year has led to revenue already being 42.9% higher than the $354.6 million accumulated in all of 2022. While ing for 34.7% worth of all accepted wagers in New York for the month, DraftKings also moved above $10 billion in all-time handle in the state.
since March and finishing with $11.6 million in revenue from a 5.7% win rate. Despite its year-over-year handle modestly increasing 2.3% to $205 million, its market share dropped from 12.9% to 9.7%.
BetMGM was the fourth and final mobile operator with a nine-figure handle in November, totaling $120.6 million worth of accepted wagers to top $1 billion for 2023. It finished with $7.9 million in winnings on the strength of a hold of 6.6%.
WynnBET’s November to forget 12191y
Now operating in just four states, WynnBET gained the unwanted distinction in November of being the first New York mobile operator to have a three-week losing streak. Bettors came out a combined $329,360 ahead on $8.2 million wagered from Nov. 6-26. It only generated less than $17,000 in revenue the other nine days of betting in November and finished with a minus 2.8% hold.
November’s losses wiped out all but $935 of October’s revenue, and WynnBET has claimed less than $4.4 million in revenue from $105.6 million handle this year. The 4.2% year-to-date hold is the lowest among the nine operators by more than one full percentage point.
| Mobile Sportsbook | 2023 Handle | 2023 Win Rate |
|---|---|---|
| FanDuel | $6,957,214,867 | 10.37% |
| Bally's | $14,881,754 | 5.47% |
| BetMGM | $1,112,144,971 | 7.55% |
| DraftKings | $6,032,733,072 | 8.40% |
| Caesars | $1,930,375,006 | 6.69% |
| WynnBET | $105,571,245 | 4.16% |
| PointsBet | $282,127,929 | 6.42% |
| ResortsWorld | $61,765,911 | 6.71% |
| BetRivers | $564,774,930 | 5.81% |
In contrast, Fanatics has work to do to improve its acquisition’s standing in the Empire State in 2024. PointsBet’s year-to-date handle of $282.1 million is down 26.4% versus 2022, and it has ed for less than 1.7% of the nearly $17.1 billion wagered online in New York this year.
Though BetRivers could not match its October surge in handle to $114.2 million, the $76.6 million generated in November was easily its second best overall. Its revenue climbed to an all-time high of about $30,000 shy of $5 million, as its 6.5% hold was nearly 3.6 percentage points higher than the previous month.
entering the marketplace in July 2022. The $234,163 in winnings was also a new best, topping the $207,727 accumulated in March.
