Add 'New York Sets Sports Betting Revenue Record In November'
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<br>Empire State online sports wagering operators got better from a less-than-stellar October with a record-setting November.<br>
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<br>The New [York Gaming](https://primeteamdeals.com/archives/author/reneibsch5801) 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.<br>
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<br>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 .<br>
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<br>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.<br>
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<br>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.<br>
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<br>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](http://sirvasurvey.org/forums/topic/the-bet-9ja-promotion-code-this-2026-is-yohaig/) sports month that included NFL, college football, NBA, college basketball, and NHL.<br>
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<br>New yearly tax record<br>
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<br>Behind the 51% tax rate, sports wagering operators put $118.1 million in Empire State's coffers, the most ever.<br>
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<br>The year-to-date [tax revenue](http://arsk-econom.ru/2018/12/18/%d0%b2%d1%81%d1%82%d1%80%d0%b5%d1%87%d0%b0-%d1%81-%d0%b3%d0%bb%d0%b0%d0%b2%d0%b0%d0%bc%d0%b8-%d0%ba%d1%84%d1%85/) total has gone beyond $965 million from online sports [betting](https://yinkaomole.com/justice-ademola-wrong-legislators-serve-behest-electorates/). 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.<br>
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<br>The Empire State will quickly [eclipse](https://worldaid.eu.org/discussion/profile.php?id=1471349) $1 billion in tax profits in a single year for the very first time following December's haul.<br>
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<br>FanDuel reaches $900 million once again<br>
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<br>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](http://knowledge.thinkingstorm.com/UserProfile/tabid/57/userId/3114065/Default.aspx) $921.2 million manage behind an 11.4% hold.<br>
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<br>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](http://auropedia.com/index.php/User:AdolphMcGraw16) just shy of its record $925 million handle set last November.<br>
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<br>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.<br>
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<br>Fanatics shines<br>
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<br>Fanatics Sportsbook passed BetMGM and Caesars for the [third-best handle](https://music.michaelmknight.com/jamila63f92830) in New York in October and duplicated that position once again in November behind a $170.2[-million](https://gitlab.cranecloud.io/keeshaflatt773) month. BetMGM wasn't far behind with a manage of $167.7 million, while [Caesars](https://git.genowisdom.cn/jakekime228580) ended up fifth with $158.1 million bet.<br>
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<br>BetMGM's $14.4 million in profits is a new record for the online operator in New york city. [Caesars produced](http://test2.vzor-eshop.cz/en/smartblog/3_answer-to-your-question-about-prestashop-1-6.html) $14.2 million in profits, its finest month because last December.<br>
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<br>BetRivers took [seventh](https://innvo.pro/carrollmes) place in New York with a deal with of $47.6 million, ahead of [ESPN BET's](http://www.eksklusifproperty2.rumahlembang.com/agent/jeseniajoyner5/) $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.<br>
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