Sports Betting
In November, New York sportsbooks generated $231.7 million in revenue
Zach Wolpin is an NBA and NFL expert who's been betting on the league for over three years now. Wolpin is a fan of the NFL and NBA and has been watching for a decade and a half. He covers the latest news and stories surrounding the league daily. His passion in life is sports and being able to share that through his writing. He has written about the NBA and other sports leagues through various media outlets over the years like Sir Charles In Charge, G-Men HQ, and TAP into South Plainfield. Before he became a Sports Editor, Wolpin attended Montclair State University where he graduated in 2021. He studied Sports Media and Writing while in school.
Get to know Zach Wolpin betterPublished10 Dec 2024
After taking a hit in October, New York sportsbooks bounced back with a profitable November. The New York Gaming Commission reported that the state’s nine mobile sportsbooks combined for $231.7 million in revenue. That was a new national monthly high and their second-highest handle of all time at $2.3 billion. Revenue in November was a 53.3% year-over-year increase. This beat their previous record from last January by 9.5%.
Sportsbooks in New York combined for just a 7% hold during Thanksgiving week but saw a record $529.9 million worth of wagers. Revenue from the NFL in October was down 14% month-over-month. That was not the case in November. November was the fourth month in 2024 that NY sportsbooks finished with $200 million in monthly revenue. Operators in November 2024 combined for a 10.2% hold. The amount wagered in New York was $2 billion for the third month in a row.
What New York sportsbooks were the most profitable in November?
Last month, FanDuel accounted for more than 43% of New York’s November revenue. The industry leaders generated $102.6 million in revenue from a $921.2 million handle and 11.4% hold. FanDuel is the only New York operator to have at least $900 million wagered in a single month. They’ve done this in three consecutive months. FanDuel fell just short of beating its record $925 million handle from November 2023.
DraftKings finished with the second-largest handle in New York during November at $745.4 million. Themselves and FanDuel are the only NY operators to accept at least $7 billion in wagers year-to-date. The operator finished with a double-digit haul in November to collect $77.1 million in revenue. DraftKings’ second-best monthly total in 2024.
Fanatics Sportsbook had the third-largest handle in New York during November at $170.2 million. BetMGM finished with a $167.7 million handle and Caesars was fifth with $158.1 million. With $14.4 million in revenue during November, BetMGM set a new monthly record in New York. BetRivers finished with a $47.6 million handle last month. ESPN BET had a $39 million handle and Bally Bet generated $1.2 million in revenue from an 11% hold and a $10.6 million handle.
