Published: December 9, 2023

NY Sportsbooks Top Themselves In November With Record $2.1 Billion In Handle, and that is in spite of one of the highest tax rates on SB in the U.S.

It happened again.

Online sportsbooks in New York put up $2 billion in handle for the second straight month.

In fact, NY sportsbooks looked at October numbers and decided to one-up themselves.

All told, bettors in the Empire State combined for a record $2.1 billion in bets during the month of November, topping the $2.006 billion reported the previous month. Before October, no state with state-run sports betting exceeded $2 billion.

Now, New York has done it twice. NY sports betting finding its stride in football season Football is king, they say, and that was certainly true for the past two months of online sports betting in NY.

Consider August and September, when NY sportsbooks accepted $2.87 billion in handle. November nearly surpassed that by itself. And with October included, the past two months nearly doubled the previous two at $4.12 billion.

In terms of gross gaming revenue, sportsbooks in the Empire State reported $150.9 million, reflecting a 9.3% month-to-month decrease from October but still the third straight month of over $150 million.

Since the mobile betting industry went live in New York, sportsbooks have exceeded that total five times.

November represents the fifth-highest revenue total in the state’s nearly two-year history. NY sportsbooks set single-year records – with a month still to go

The first year of online sports betting in New York was one for the history books, to be sure, with operators collecting $16.2 billion in handle, $1.36 billion in total NY sports betting revenue and $693 million in state tax revenue.

We’re 11 months into the second year, with obviously one month left in 2023, and already New York has set annual records.

Through November, NY sportsbooks stand at $17.06 billion in handle – a single-year record. They have pocketed $1.5 billion in gross gaming revenue – a single-year record. And the state has collected $765.8 million in state tax revenue – surprise, another single-year record.  


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