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

The New York Gaming Commission reported that the 9 mobile sportsbooks integrated to produce $231.7 million in earnings, a new national monthly high, on the second-best manage ever of $2.3 billion.

November profits increased a massive 53.5% from November 2023, and the brand-new record trounced the previous one, set in January, by 9.5%. The strong month came regardless of gamblers keeping the hold to 7% throughout Thanksgiving week when a record $592.9 million was .

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

November marks the 4th month year-to-date with revenue of more than $200 million as New York operators produced a 10.2% hold, three 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 3rd consecutive month, tying a New york city high. Betting dollars reduced 2.4%, regardless of a busy, popular sports month that included NFL, college football, NBA, college basketball, and NHL.

New yearly tax record

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

The year-to-date tax revenue total has gone beyond $965 million from online sports betting. That's currently the most New york city, that made more than $860 million in 2015, has actually gotten given that betting went live in Jan. 2022.

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

FanDuel reaches $900 million once again

FanDuel accounted for more than 43% of New york city's entire November earnings. The online sportsbook produced $102.6 million on a state-best $921.2 million manage behind an 11.4% hold.

FanDuel is also the only New York sports betting operator to cross $900 million wagered in a single month, which it has now done three times consisting of successive months. The sportsbook fell just shy of its record $925 million handle set last November.

DraftKings ended up second with a deal with of $745.4 million and signed up with FanDuel as the only New York operators to take in more than $7 billion in wagers year-to-date. DraftKings also used a double-digit hold to carry in $77.1 million in income, its second-highest regular monthly overall in 2024.

Fanatics shines

Fanatics Sportsbook passed BetMGM and Caesars for the third-best handle in New York in October and duplicated 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 ended up fifth with $158.1 million bet.

BetMGM's $14.4 million in profits is a new record for the online operator in New york city. Caesars produced $14.2 million in profits, its finest month because 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 best earnings month ever in New York, generating $1.2 million from an 11% hang on a $10.6 million deal with.