New York State has set a new record for the highest amount of bet in any US state in a single month. Consumers in New York spent $2.11 billion betting on sports online during November, surpassing the existing New York record of $2.01 billion set in October this year by 5.0%. The November figure was also 36.1% ahead of $1.55 billion in the same month last year.
Online revenue for the month reached $150.9 million, which was 9.3% behind the record $166.3 million set in October but 1.8% higher than $148.2 million in November 2022. FanDuel, owned by Flutter Entertainment, stretched its lead in New York in November. Players spent $923.4 million wagering on sports with FanDuel, with revenue reaching $69.2 million for the month.
Long-time rival DraftKings was second with a $723.1 million handle and $54.3 million in revenue. Next was Caesars, taking $205.0 million in bets and posting revenue of $11.6 million. BetMGM processed $120.6 million in online wagers and generated some $7.9 million in revenue.
Rush Street Interactive reported a $76.6 million handle and $5.0 million in revenue for November. PointsBet took $27.2 million in bets and recorded a $2.4 million handle, while Resorts World Bet had a handle of $6.8 million and generated $483,433 in revenue.
BallyBet, back online for the first time since pausing operations back in July, took $4.3 million in bets and posted revenue of $234,163. Wynn Interactive completed the market as the only operator to post a loss in November. The brand took $11.3 million in online bets in New York but reported a $312,427 loss for the month.
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