Empire State online sports wagering operators got better from a less-than-stellar October with a record-setting November.

The New York City Gaming Commission reported that the nine mobile sportsbooks combined to produce $231.7 million in revenue, a new national month-to-month high, on the second-best deal with ever of $2.3 billion.

November revenue increased a tremendous 53.5% from November 2023, and the new record trounced the previous one, embeded in January, by 9.5%. The strong month came regardless of wagerers keeping the hold to 7% throughout Thanksgiving week when a record $592.9 million was bet.

Sportsbooks delighted in increased margins, thanks to less customer-friendly NFL outcomes than the previous month when October revenue of $176.3 million fell 14% month-over-month.

November marks the fourth month year-to-date with income of more than $200 million as New York operators produced a 10.2% hold, 3 points higher than in November 2023 and 2.6 points better than in October.

The amount wagered was up 7.4% year-over-year and reached $2 billion for the third consecutive month, connecting a New York high. Betting dollars reduced 2.4%, despite a busy, popular sports month that included NFL, college football, NBA, college basketball, and NHL.

New annual tax record

Behind the 51% tax rate, sports betting operators put $118.1 million in Empire State's coffers, the most ever.

The year-to-date tax profits overall has surpassed $965 million from online sports wagering. That's already the most New york city, which made more than $860 million in 2015, has actually gotten considering that betting went reside in Jan. 2022.

The Empire State will easily eclipse $1 billion in tax income in a single year for the very first time following December's haul.

FanDuel reaches $900 million again

FanDuel accounted for more than 43% of New York's whole November earnings. The online sportsbook produced $102.6 million on a state-best $921.2 million deal with behind an 11.4% hold.

FanDuel is likewise the only New york city sports betting operator to cross $900 million bet in a single month, which it has now done three times including successive months. The sportsbook fell just shy of its record $925 million manage set last November.

DraftKings finished second with a handle of $745.4 million and joined FanDuel as the only New york city operators to take in more than $7 billion in wagers year-to-date. DraftKings also used a double-digit hold to take $77.1 million in income, its second-highest month-to-month overall in 2024.

Fanatics shines

Fanatics Sportsbook passed BetMGM and Caesars for the third-best manage in New York in October and replicated that position once again in November behind a $170.2-million month. BetMGM wasn't far behind with a manage of $167.7 million, while Caesars completed fifth with $158.1 million wagered.

BetMGM's $14.4 million in profits is a new record for the online operator in New York. Caesars produced $14.2 million in income, its best month considering that last December.

BetRivers took seventh place in New York with a deal with of $47.6 million, ahead of ESPN BET's $39 million. Bally Bet had its finest income month ever in New york city, generating $1.2 million from an 11% hang on a $10.6 million deal with.