New York’s sports betting operators break monthly GGR record in November

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New York’s nine licensed sports betting operators have generated a monthly GGR record of $148.2m for November 2022.

The total was nearly $3m higher than the previous record set last month (October) as Empire State sports bettors spent a combined $1.55bn in November sports betting handle.

This was a fiscal year record for mobile sports wagering handle. However, November’s total still trailed January 2022 and March 2022, which both generated handle in excess of $1.6bn.

New York’s regulated mobile sports betting market opened for business on 8 January 2022.

Since then, America’s fourth most populous state has provided nearly $15bn in overall betting handle and $1.2bn in combined operator GGR.

Over the same period, New York’s regulated sports betting industry has contributed more than $620m in tax revenue to the state, including a monthly record of $75.6m in November.

The tax rate is set at 51% of GGR – the highest of any US state to have legalised online sports betting, while active operators also paid a one-off licence fee of $25m.

US market leader FanDuel generated the most GGR of any operator for November with $78.3m, which again was a record month for the Flutter Entertainment-owned brand.

DraftKings was the closest competitor with monthly GGR of $42.3m, while no other licensed operator generated GGR of more than $15m for the month.

About the author

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Jake Evans

Jake Evans is an NCTJ-accredited journalist and editor who has covered the online gaming and sports betting industry since 2017. He is the managing editor of iGaming NEXT and has previously worked in both content and data for EGR, Stats Perform and Football Radar.

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