After two months of an $800 million handle, the Empire State is back at $1 billion.
Online sports betting in New York continued its uptick in both handle and revenue as football season began.
The New York State Gaming Commission announced September’s sports betting numbers and mobile sportsbooks took in $1.25 billion in bets — a 30% spike from August’s $872.2 million.
Sportsbooks enjoyed an 11.4% hold percentage, which is identical to August’s hold.
Gross Gaming Revenue (GGR) also increased from $99.6 million in August to $143.3 million, a new record. Last month’s GGR de-throned January, when the state launched sports betting, as the top month for operators.
September’s $1.25 billion handle is just shy of New York’s monthly average of $1.27 billion since sports betting launched in January.
FanDuel leads the pack
FanDuel remained the most popular sportsbook in New York, taking in $499.8 million worth of bets. And, after paying the state’s massive 51% tax on betting revenue, net $32.1 million. DraftKings came in second with a handle of $422.2 million — netting $21.9 million.
FanDuel and DraftKings combined for approximately 73% of New York’s market share.
Caesars Sportsbook was the last operator to reach over $100 million in wagers, ending September with 163.1 million. Bally Bet came in last of the 9 mobile operators with a $1.2 million handle, netting just $70,931.
Weak revenue in October despite large handle
The month of September ended high. The handle from September 26 – October 2 was the second highest since early May with $322.4 million in wagers.
However, sportsbooks only had a hold percentage of 5.5%, taking in $17.8 million in GGR, the lowest since late July when the weekly handle was less than half of last week’s ($149.7 million).
Bettors certainly enjoyed the fact that both the Jets and Giants won and covered in Week 4.