Three Takeaways from a Positive October NY Sports Betting Report

Three Takeaways from a Positive October NY Sports Betting Report
Fact Checked by Pat McLoone

It’s been a one heck of an autumn season so far for New York sports betting.

Here are three takeaways from  October’s official figures for monthly mobile sports wagering, released Thursday by the  New York State Gaming Commission (NYSGC):

Hopeful News for Rest of Year

The Empire State surpassed the $1 billion dollar mark for the eighth time this year as mobile sports betting handled more than $1.543 billion, its third largest amount ever and up a significant 22.8% from September ($1.256 billion).

Four retail, in-person sportsbooks at upstate casinos collected $11.26 million in handle for October, giving the state a total of $1.555 billion.

Those numbers are likely a good barometer moving forward, as earlier Thursday, the state reported more than $353 million in total mobile handle for the week ending Nov. 6.

 

FanDuel, DraftKings Remain Solid

FanDuel Sportsbook New York continued as the consistent leader in the New York sports betting market, generating more than $609.07 million in mobile handle, marking a huge $109.25 million jump from September ($499.82 million). FanDuel  posted the highest month for the company since more than $673 million was posted in March, due in large part to the NCAA Men’s College Basketball Tournament.

FanDuel’s total mobile GGR for October ($76.43 million) is a significant increase from Sept. ($65.69 million). Be on the lookout for FanDuel New York bonus codes.

Speaking of revenue, the state set a record in October at $146,845,938 from mobile and retail books combined. That was up 1.2% from September's $145,039,867, which was the previous mark, so the bar has been reset two months in a row in the Empire State.

Meanwhile, solidly in second place for handle is DraftKings Sportsbook New York, which posted $534.57 million, its highest-ever mobile handle in the state. It also marked a startling $112.36 million increase from September ($422.2 million).

More Sports Equal More Wagering Opportunities

Every fall, a mixture of sports meshes with each other with postseason play in MLB and MLS and the start of new seasons for the NBA, NHL and college basketball.

Of course, the bread and butter of fall is NFL and college football as both of these sports left a lasting imprint on the state’s betting landscape. 
 
The next couple of months will provide more wagering opportunities among a huge inventory for the bettors to choose from on New York betting apps.

Oh yeah, almost forgot! The world’s greatest sporting tournament begins Nov. 20 as FIFA World Cup play begins.

All those sports and any developments in sports betting are followed closely here at NewYorkBets.com.

The site also is a great source for NY sportsbook promos.

New York Sports Betting, October vs. September

Total handle Mobile handleRevenue
October $1.555B $1.544B $146.846M
September $1.266B $1.257B $145.040M
Change Up 22.9% Up 22.8% Up 1.2%

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Contributors

Lou Monaco has been a columnist for Gaming Today in Las Vegas and has over 30 years sports experience with previous stints at ESPN SportsTicker, Daily Racing Form and Oddschecker.

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