Betting News 
New York online sports betting saw a robust performance in August, recording $1.43 billion in bets as the state prepares for the lucrative NFL and college football seasons. According to the New York State Gaming Commission, the state generated $124.9 million in gross gaming revenue for the month, leading to more than $63.7 million in tax revenue.
DraftKings Surpasses FanDuel in Handle for August
For the first time since May, DraftKings topped FanDuel in terms of online sports betting handle, reporting $526.7 million in August compared to FanDuel’s $511.6 million. However, FanDuel remained ahead in gross gaming revenue, posting $52.6 million compared to DraftKings’ $43.3 million.
Strong Week Leading into Football Season
New York ended August on a high note, with $401.4 million in bets placed during the week ending Sept. 1—the state’s highest weekly total since May. Gross gaming revenue for the week was $30.4 million, positioning the state for a successful football season. Both NFL and college football saw their first full weekends of action as bettors flocked to place wagers.
Breakdown of Weekly Handle (Week Ending Sept. 1)
The New York State Gaming Commission reported the following weekly handle totals for its nine active sportsbooks:
- DraftKings NY: $150,365,004
- FanDuel NY: $142,583,417
- BetMGM NY: $33,675,862
- Caesars Sportsbook NY: $31,591,451
- Fanatics Sportsbook: $24,948,259
- BetRivers: $13,142,192
- Resorts World: $2,789,328
- Bally Bet: $2,324,833
- WynnBET: $0 (no longer operating in the state)
ESPN BET Launch Delay
ESPN BET, expected to launch in New York by late August, has yet to go live despite securing market access through a $25 million deal with Wynn Interactive Holdings. While PENN Entertainment CEO Jay Snowden promised the launch would coincide with the start of the college football season, the app remains unavailable as of mid-September.
Total Handle Since January 2022 Launch
Since the state’s January 8, 2022 launch, FanDuel is the only sportsbook to surpass $19 billion in total handle, solidifying its position as the top operator in New York. Here are the total handles for each sportsbook since launch:
- FanDuel: $19,919,794,594
- DraftKings: $16,387,926,411
- Caesars: $6,173,090,841
- BetMGM: $3,533,284,263
- BetRivers: $1,453,773,292
- Fanatics Sportsbook: $1,308,697,756
- WynnBET: $234,058,992
- Resorts World: $192,118,637
- Bally Bet: $93,629,721
New York Sports Betting Revenues
For the week ending Sept. 1, New York’s nine sportsbooks reported $30.4 million in gross gaming revenue, resulting in $15.5 million in tax revenue at the state’s 51% online sports betting tax rate. Here’s a breakdown of weekly gross gaming revenue:
- FanDuel: $13,450,483
- DraftKings: $9,359,360
- Caesars: $2,310,324
- Fanatics Sportsbook: $2,209,214
- BetMGM: $1,627,540
- BetRivers: $1,032,041
- Bally Bet: $235,018
- Resorts World: $180,822
- WynnBET: $0
Total Gross Gaming Revenue Since January 2022
Since launching in January 2022, here are the total gross gaming revenues for New York’s sportsbooks:
- FanDuel: $2,082,541,262
- DraftKings: $1,383,247,887
- Caesars: $444,668,474
- BetMGM: $232,396,333
- Fanatics Sportsbook: $93,661,663
- BetRivers: $85,340,538
- Resorts World: $12,487,780
- WynnBET: $11,376,541
- Bally Bet: $5,146,927
A Strong Outlook for New York’s Sports Betting Market
As New York barrels into the heart of football season, both NFL and college football are expected to drive substantial growth in sports betting handle and revenue. With DraftKings gaining ground on FanDuel and the much-anticipated launch of ESPN BET on the horizon, the Empire State remains a key player in the online sports betting market.
