Sports betting handle in New York reached $2.01bn in October, the highest level of monthly betting activity in the state since market launch.<\/p>\n
Mobile sports betting handle in New York reached $2.01bn in October, the highest level of monthly betting activity recorded in the state since its market launch.<\/strong><\/p>\n Operators generated $166.3m in GGR from the handle, making October the most lucrative month yet in the market in terms of revenue.<\/p>\n FanDuel was the standout leader among the state\u2019s eight active online betting licensees, as it took bets totalling $891.9m in October, equal to around 44.4% of statewide handle.<\/p>\n The operator generated $83.1m in GGR from those bets, or 50% of the total. <\/p>\n Flutter Entertainment, the UK operator that owns FanDuel, will dual list some of its ordinary shares on the New York Stock Exchange in Q1 2024. <\/p>\n DraftKings was the next largest operator in the market, taking bets worth $652.3m or 32.5%. GGR for the firm came to $59.3m, around 35.6% of the total.<\/p>\n Also of note in October were Caesars Sportsbook, Rush Street Interactive and BetMGM, all of which handled bets worth over $100m.<\/p>\n Caesars generated $10.9m in GGR from $193.2m in handle, Rush Street generated $3.3m from $114.2m, and BetMGM took $7.2m in GGR from $107.6m in bets.<\/p>\n Further down the list of New York\u2019s mobile betting licensees, PointsBet generated just $1.3m in GGR from $27.7m in handle, while Wynn Interactive made just $313,362 from $12.3m in bets.<\/p>\n Resorts World Bet made a further $894,039 in GGR from $7.7m in betting handle.<\/p>\n The New York market\u2019s former ninth licensee, Bally Bet, stopped taking bets in the state in June this year. The operator is migrating to a Kambi-powered sportsbook from its own software. <\/p>\n October marked the first month in which betting handle surpassed $2bn in New York, as well as being a record high in terms of GGR.<\/p>\n Since launching in January 2022, betting handle has trended upwards in the state, while GGR as a proportion of handle appears to have increased as operators spend less on customer acquisition.<\/p>\n Since launch, operators in the market have handled more than $31.14bn in bets, generating upwards of $2.7bn in GGR in the process.<\/p>\n The total proceeds sent to New York\u2019s tax fund since launch are more than $1.38bn.<\/p>\n <\/span> Sports betting handle in New York reached $2.01bn in October, the highest level of monthly betting activity in the state since market launch. Mobile sports betting handle in New York reached $2.01bn in October, the highest level of monthly betting activity recorded in the state since its market launch. Operators generated $166.3m in GGR from […]<\/p>\n","protected":false},"author":1,"featured_media":473,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,2],"tags":[26,132,27,21,22,82,45,133],"class_list":["post-472","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-betting","category-questbeam","tag-betmgm","tag-caesars","tag-draftkings","tag-fanduel","tag-flutter-entertainment","tag-new-york","tag-pointsbet","tag-rush-street-interactive"],"_links":{"self":[{"href":"https:\/\/questbeam.site\/index.php?rest_route=\/wp\/v2\/posts\/472","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/questbeam.site\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/questbeam.site\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/questbeam.site\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/questbeam.site\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=472"}],"version-history":[{"count":0,"href":"https:\/\/questbeam.site\/index.php?rest_route=\/wp\/v2\/posts\/472\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/questbeam.site\/index.php?rest_route=\/wp\/v2\/media\/473"}],"wp:attachment":[{"href":"https:\/\/questbeam.site\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=472"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/questbeam.site\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=472"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/questbeam.site\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=472"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}FanDuel secures top spot<\/h2>\n
New York market growth<\/h2>\n
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