New York Online Sports Betting Reports $28.5 Million Revenue Increase

• The New York State Gaming Commission reported $56.8 million in gross gaming revenue for the week ending Sept. 14
• Revenues increase by more than $28.5 million from the prior week
• The state took in more than $29 million in tax revenue for the week

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New York online sports betting is kicking the football season off with a bang.

The New York State Gaming Commission reported $56.8 million in gross gaming revenues for the week ending Sept. 14 — the second week of the NFL season — more than a $28.5 million increase in revenues from the week prior.

The state took in more than $29 million in tax revenues for the week, its most profitable week of sports betting since the first week of June.

NFL Season is Here and Money is Rolling in

The most profitable time of year for the state and its licensed sports betting operators is the fall, as both the NFL and college football seasons are in full swing. After a slightly down week one, New York online sports betting roared back with a bang.

The New York State Gaming Commission reported $533,786,360 in total online sports betting handle for the week ending Sept. 14. It was a modest increase of about $6 million from the prior week, but gross gaming revenues increased by more than 100% for the second week of the NFL.

The commission reported $56,862,762 in gross gaming revenues, an increase of more than $28.5 million from the prior week’s $28,330,276 gross gaming revenue total. At the state’s 51% tax rate, New York took in $29,000,008 in tax revenues this past week.

The New York State Gaming Commission releases handle and revenue reports for its nine live NY sports betting apps, Caesars Sportsbook, DraftKings Sportsbook, FanDuel, BetMGM, Fanatics Sportsbook, Bally Bet, Resorts World Bet, ESPN BET, and BetRivers, at the conclusion of each week.

Fanatics Sportsbook Continues Impressive New York Run

After coming off an unheard of August where Fanatics Sportsbook reported $565,830,550 in total handle, good for a 27.7% market share, the sportsbook has continued its solid run into September.

While DraftKings and FanDuel are still the top two performing operators, Fanatics Sportsbook has entrenched itself firmly as the state’s third best performing sports betting platform. Fanatics Sportsbook reported $65,955,965 in total handle for the week and $51,947,457 for the week ending Sept. 7.

DraftKings rebounded nicely from the prior week, as it reported $20,142,994 in gross gaming revenues. It only reported $2,231,923 in revenues for the week ending Sept. 7.

The commission reported $558,108,838 in total New York online sports betting handle and $66,640,027 in gross gaming revenue for the week ending Aug. 31. For the entire month, New York experienced $2,044,463,754 in handle and $178,210,439 in gross gaming revenue.

Here are the handle breakdowns for the nine sportsbooks for the week:

• DraftKings NY: $202,367,321
• FanDuel NY: $175,030,244
• Fanatics Sportsbook: $65,955,965
• Caesars Sportsbook: $33,456,391
• BetMGM NY: $32,004,675
• ESPN BET: $10,529,178
• BetRivers: $10,379,827
• Bally Bet: $2,923,311
• Resorts World: $0

Here are the gross gaming revenue breakdowns for the week:

• FanDuel NY: $24,095,325
• DraftKings NY: $20,142,994
• Fanatics Sportsbook: $5,530,435
• Caesars Sportsbook: $2,594,694
• BetMGM NY: $2,500,077
• BetRivers: $1,054,141
• ESPN BET: $500,325
• Bally Bet: $238,138
• Resorts World: $0