{"id":19815,"date":"2025-11-10T14:26:16","date_gmt":"2025-11-10T11:26:16","guid":{"rendered":"http:\/\/staging.igamingamerika.com\/?p=19815"},"modified":"2025-11-10T14:26:16","modified_gmt":"2025-11-10T11:26:16","slug":"new-yorks-online-sports-betting-reaches-historic-2-64-billion-handle-in-october","status":"publish","type":"post","link":"https:\/\/igamingamerika.com\/index.php\/2025\/11\/10\/new-yorks-online-sports-betting-reaches-historic-2-64-billion-handle-in-october\/","title":{"rendered":"New York&#8217;s Online Sports Betting Reaches Historic $2.64 Billion Handle in October"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><strong>In October, New York\u2019s sports betting scene reached new heights, with the total handle, the amount wagered climbing to a remarkable $2.64 billion. This figure not only set a new monthly record but also marked a significant milestone, as revenue from these bets hit $238.7 million, the highest in five months. The handle surpassed the previous record of $2.49 billion, set in January, by 6.02%, demonstrating continued growth in the market. Compared to October 2024, the handle increased by 13.3%, and it was 15.3% higher than the previous month of September.<\/strong><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-white-color\"> New York&#8217;s Online Sports Betting<\/mark><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The data from the<a href=\"https:\/\/gaming.ny.gov\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\"> New York State Gaming Commission <\/a>highlights the impressive performance of mobile sportsbooks, which contributed significantly to the month&#8217;s revenue. Mobile betting alone brought in $238.7 million, a 35.4% rise over last year and a 23.2% increase from September. Notably, September\u2019s revenue of $247 million was the third-highest on record, trailing only January\u2019s $247 million and the all-time high of $248.9 million set in May.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In terms of overall profitability, the state&#8217;s hold, meaning the percentage of total bets retained as profit, stood at 9.03% for October. This indicates a healthy profit margin for operators amid the record-breaking handle. FanDuel once again demonstrated its dominance in the New York market, leading the operator rankings. It generated $100.6 million in revenue from a staggering $1.01 billion in wagers, resulting in a 10% hold. This achievement marked a milestone for the operator, as it was the first time an operator had taken over $1 billion in bets in a single month within the state.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/www.draftkings.com\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">DraftKings <\/a>also achieved a notable feat, setting a new handle record with $938 million in bets, more than any previous month. It earned $82.9 million in revenue, with a hold of 8.84%. Meanwhile, Fanatics continued to solidify its position as the third-largest operator, reporting $18.7 million in revenue from a handle of $205.7 million, reflecting a 9.09% hold.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Read also: <a href=\"http:\/\/staging.igamingamerika.com\/minnesota-attorney-general-targets-14-unlicensed-sportsbooks-and-casino-websites\/\" target=\"_blank\" rel=\"noreferrer noopener\">Minnesota Attorney General Targets 14 Unlicensed Sportsbooks and Casino Websites<\/a><\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Turning to the rest of the market, BetMGM edged ahead of Caesars in terms of revenue. It posted $14.4 million from $187.5 million in wagers, translating to a hold of 7.68%. Caesars, which had tied with BetMGM in September, finished with $13.2 million in revenue from $175.8 million in bets, holding at 7.51%. Following them, Rush Street Interactive earned $4.4 million from $53 million in bets, with an 8.30% hold.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Other notable operators included ESPN Bet, which took in $3.4 million from $60.3 million wagered, resulting in a hold of 5.64%. It\u2019s worth mentioning that ESPN Bet will soon cease operations as a brand, following a mutual decision between ESPN and Penn Entertainment to end their partnership. Penn plans to relaunch the itsScore Bet in the US by early December. Bally Bet reported $1.1 million in revenue from $16.6 million in wagers, with a hold of 6.63%. Lastly, Resorts World Bet made $229,357 in revenue from $2.8 million in bets, holding at 8.33%. <mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-white-color\">New York&#8217;s Online Sports Betting<\/mark><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In October, New York\u2019s sports betting scene reached new heights, with the total handle, the amount wagered climbing to a remarkable $2.64 billion. This figure not only set a new monthly record but also marked a significant milestone, as revenue from these bets hit $238.7 million, the highest in five months. The handle surpassed the &hellip;<\/p>\n","protected":false},"author":1,"featured_media":20365,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[22,2],"tags":[380,5],"class_list":["post-19815","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-sports-betting-america-news","tag-gaming-in-newyork","tag-sports-betting"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>New York&#039;s Online Sports Betting Reaches Historic $2.64 Billion Handle in October<\/title>\n<meta name=\"description\" content=\"In October, New York\u2019s online sports betting scene reached new heights, with the total handle, the amount wagered climbing to a remarkable $2.64 billion. 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This figure not only set a new monthly record but also marked a significant milestone, as revenue from these bets hit $238.7 million, the highest in five months\" \/>\n<meta property=\"og:url\" content=\"https:\/\/igamingamerika.com\/index.php\/2025\/11\/10\/new-yorks-online-sports-betting-reaches-historic-2-64-billion-handle-in-october\/\" \/>\n<meta property=\"og:site_name\" content=\"iGaming Amerika \u2013 Top Casino, Sports Betting, and Lottery News in America\" \/>\n<meta property=\"article:published_time\" content=\"2025-11-10T11:26:16+00:00\" \/>\n<meta property=\"og:image\" content=\"http:\/\/igamingamerika.com\/wp-content\/uploads\/2025\/11\/a-graph-representing-a-rise-in-sports-betting-in-new-1-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"300\" \/>\n\t<meta property=\"og:image:height\" content=\"300\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"igamingamerika\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"igamingamerika\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/igamingamerika.com\\\/index.php\\\/2025\\\/11\\\/10\\\/new-yorks-online-sports-betting-reaches-historic-2-64-billion-handle-in-october\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/igamingamerika.com\\\/index.php\\\/2025\\\/11\\\/10\\\/new-yorks-online-sports-betting-reaches-historic-2-64-billion-handle-in-october\\\/\"},\"author\":{\"name\":\"igamingamerika\",\"@id\":\"http:\\\/\\\/igamingamerika.com\\\/#\\\/schema\\\/person\\\/5b794c2a5bfbb47e6c6415366067d4f5\"},\"headline\":\"New York&#8217;s Online Sports Betting Reaches Historic $2.64 Billion Handle in October\",\"datePublished\":\"2025-11-10T11:26:16+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/igamingamerika.com\\\/index.php\\\/2025\\\/11\\\/10\\\/new-yorks-online-sports-betting-reaches-historic-2-64-billion-handle-in-october\\\/\"},\"wordCount\":476,\"image\":{\"@id\":\"https:\\\/\\\/igamingamerika.com\\\/index.php\\\/2025\\\/11\\\/10\\\/new-yorks-online-sports-betting-reaches-historic-2-64-billion-handle-in-october\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/igamingamerika.com\\\/wp-content\\\/uploads\\\/2025\\\/11\\\/a-graph-representing-a-rise-in-sports-betting-in-new-1-1.jpg\",\"keywords\":[\"Gaming in Newyork\",\"Sports Betting\"],\"articleSection\":[\"News\",\"Sports Betting\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/igamingamerika.com\\\/index.php\\\/2025\\\/11\\\/10\\\/new-yorks-online-sports-betting-reaches-historic-2-64-billion-handle-in-october\\\/\",\"url\":\"https:\\\/\\\/igamingamerika.com\\\/index.php\\\/2025\\\/11\\\/10\\\/new-yorks-online-sports-betting-reaches-historic-2-64-billion-handle-in-october\\\/\",\"name\":\"New York's Online Sports Betting Reaches Historic $2.64 Billion Handle in October\",\"isPartOf\":{\"@id\":\"http:\\\/\\\/igamingamerika.com\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/igamingamerika.com\\\/index.php\\\/2025\\\/11\\\/10\\\/new-yorks-online-sports-betting-reaches-historic-2-64-billion-handle-in-october\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/igamingamerika.com\\\/index.php\\\/2025\\\/11\\\/10\\\/new-yorks-online-sports-betting-reaches-historic-2-64-billion-handle-in-october\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/igamingamerika.com\\\/wp-content\\\/uploads\\\/2025\\\/11\\\/a-graph-representing-a-rise-in-sports-betting-in-new-1-1.jpg\",\"datePublished\":\"2025-11-10T11:26:16+00:00\",\"author\":{\"@id\":\"http:\\\/\\\/igamingamerika.com\\\/#\\\/schema\\\/person\\\/5b794c2a5bfbb47e6c6415366067d4f5\"},\"description\":\"In October, New York\u2019s online sports betting scene reached new heights, with the total handle, the amount wagered climbing to a remarkable $2.64 billion. 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