In November, sports betting in New York broke records once again. The total amount wagered surpassed the previous record set in October by 5.0%, reaching an impressive $2.11 billion. This makes New York the first state to surpass the $2.00 billion mark in legal sports bets within a single month. Compared to November of the previous year, the amount wagered increased by a significant 36.1%.
Despite a slight decrease from the previous month, online revenue for November still reached a noteworthy $150.9 million. This represents a 1.8% increase compared to the same month in 2022. Among the sports betting platforms, FanDuel, owned by Flutter Entertainment, dominated the market with $923.4 million in wagers and $69.2 million in revenue. DraftKings followed closely with a handle of $723.1 million and revenue of $54.3 million. Caesars took $205.0 million in bets and generated $11.6 million in revenue. Other notable online operators in New York included BetMGM with $120.6 million in wagers and $7.9 million in revenue, Rush Street Interactive with a handle of $76.6 million and $5.0 million in revenue, PointsBet with $27.2 million in bets and a $2.4 million handle, Resorts World Bet with a handle of $6.8 million and revenue of $483,433, and BallyBet, which generated $234,163 in revenue with $4.3 million in bets. Wynn Interactive was the only operator to post a loss in November, taking $11.3 million in online bets but reporting a loss of $312,427.
In November, New York State also launched a voluntary self-exclusion (VSE) support program through the New York State Responsible Play Partnership. This program provides resources for individuals with gambling problems to self-exclude themselves. By participating in this program, individuals are prevented from engaging in any legal gambling activities in New York, whether online or at licensed establishments. The program also empowers workers from the New York Council on Problem Gambling to assist players in completing the self-exclusion process and connect them with problem gambling treatment providers.
Furthermore, MGM Resorts International revealed plans to transform its Empire City Casino in New York into a comprehensive commercial casino. The current video lottery racino will be enhanced to include live-dealer tables, slots, a high-limit gaming area, a BetMGM Sportsbook and Lounge betting facility, various restaurants, and a 5,000-seater entertainment venue. MGM Resorts, in partnership with Entain, also operates in the online market through BetMGM.
