New York sees milestone surge in mobile sports betting with record $2.1 billion handle in November

The State of New York keeps breaking records for mobile sports betting activity. November marked another all-time high with $2.1 billion in handle, surpassing the previous October milestone of $2 billion. The combined handle for the fiscal year has now exceeded $12 billion in total.

Activity continues to thrive, with NY sports betting reaching $25 billion in handle faster than any other state in the country. FanDuel and DraftKings have been primarily driving this growth, commanding nearly 80% of the total mobile bets placed in the state.

FanDuel, in particular, saw a significant rise in its mobile sports wagering handle from $891.9 million in October to $925.4 million in November. Meanwhile, DraftKings reached $732.1 million in November, increasing from $652.3 million in October. 

BetMGM maintained its consistent performance with over $100 million in mobile sports wagers for three consecutive months, at $120.6 million in November, while Caesars Sportsbook hit the $200 million mark in mobile sports wagers for the first time this fiscal year.

The total net revenue for education in New York was nearly $77 million, while platform providers accumulated almost $74 million in net revenue.

Despite a slight decline in gross gaming revenue for mobile sports betting in November, amounting to $150.9 million, the fiscal year's total has already surpassed $1 billion.

The frantic pace shows no signs of slowdown. On Thursday, the New York State Gaming Commission reported mobile sports betting revenue of $56.9 million for the week ending December 10, the third-largest in the 101 weeks mobile wagering apps have been available in the Empire State.