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  • New York Sports Betting and Gambling Records • This Week in Gambling

    The New York sports betting market posted another strong performance in August, with total wagering volume surpassing $2 billion for the month. According to figures released by the New York State Gaming Commission, bettors placed $2.04 billion in wagers, marking a 42 percent increase from the same month last year and a 46 percent jump over July. It was the highest monthly handle since May. Sports betting revenue also rose significantly. Gross gaming revenue reached $178.2 million in August, representing a 42.6 percent year-over-year increase. The statewide hold rate stood at 8.72 percent.

    FanDuel led all operators in revenue, reporting $66.9 million from a handle of $561.9 million with an 11.91 percent hold. DraftKings recorded the largest handle at $579.6 million and produced $62.3 million in revenue, with a 10.75 percent hold. Fanatics continued to grow its presence, taking in $565.8 million in wagers for the month. Despite the strong volume, its revenue was $16.1 million, reflecting a hold of just 2.85 percent. A single high-stakes bettor accounted for nearly $120 million of Fanatics’ handle in one week.

    Other operators also reported steady results. BetMGM generated $13.8 million in revenue from a $130.4 million handle, while Caesars brought in $10.7 million from $113.5 million in wagers. Rush Street Interactive posted $4 million on $40.8 million in bets, and ESPN Bet reported $3.6 million on a similar handle. Bally Bet recorded $839,409 from $11.7 million in wagers, and Resorts World produced $229,357 from $2.8 million.

    Beyond sports betting, the state’s casino sector also gained momentum in August. Total casino revenue reached $65 million, the highest monthly figure of 2025. That represented a 4.7 percent year-over-year increase and a 7.3 percent rise compared to July. Slot revenue climbed 9.5 percent to nearly $47 million, while table games slipped 4.2 percent to $16.5 million.

    Rivers Casino led commercial properties with $20.1 million in revenue, up 7.3 percent from last year. Del Lago posted $15.5 million, showing the strongest annual growth at 9 percent. Tioga Downs reported $10.1 million, an increase of roughly half a million dollars. Resorts World Catskills was the only property to see a decline, dropping 1.4 percent to $19.4 million. The continued growth of New York sports betting, alongside steady gains in casino gaming, highlights the strength of the state’s gambling market as it heads into the fall season.

    This Week in Gambling

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  • Nearly $20 Billion Bet on New York Sports Betting • This Week in Gambling

    Nearly $20 Billion Bet on New York Sports Betting • This Week in Gambling





     April 11, 2024



    The numbers are in for New York sports betting in 2023, and they do not disappoint. Players in the state wagered more than $19.6 billion on sporting events last year, which translated to almost $1.8 billion in revenue. During the 12-month period ending on March 31st, total wagers in the Empire State surged by almost 20%, reaching $16.4 billion, and surpassing the figures from the previous fiscal year.

    This milestone also marks the highest annual expenditure for online sports betting recorded in any state regulating the activity in America. Additionally, the gross gaming revenue experienced a remarkable year-on-year increase of 20.6%, setting yet another record in the US market. FanDuel maintained its dominant position with New York sports betting, replicating its success from the inaugural year. Throughout the fiscal year, FanDuel processed an impressive $8.10 billion in online wagers, generating revenue amounting to $845.8 million.

    DraftKings retained its second-place position, reporting revenue of $619.6 million from $7.02 billion in bets. Meanwhile, Caesars secured the third spot, with revenue totaling $140.4 million and handling bets worth $2.03 billion. BetMGM emerged as the only other operator to surpass the $1.00 billion mark in New York sports betting wagers processed during the year, boasting a handle of $1.26 billion. The brand posted a total gaming revenue of $86.1 million.

    As the rest of the rest of the pack? Well, Resorts World brought in nearly $715,000 from $8.4 million in bets, while Wynn was only able to generate less than $300,000 from $4.2 million in wagers. BallyBet was dead last, but not far behind Wynn, pulling in a meager $267,000 from just over $8.3 million in action.