NY Sportsbooks Generate Record $166.8M Revenue In September

Oct 6, 2023 · The New York State Gaming Commission reported Thursday a record $166.8 million in sports wagering adjusted gross revenue for September, the second-highest monthly total nationally in the post-PASPA era.. The operator haul bettered March’s previous New York …

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NY Sportsbooks Generate Record $166.8M Revenue In September

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New York Sportsbooks Generate Record $166.8 Million Revenue …

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The operator haul bettered March’s previous New York standard of $163.6 million and is second only to the $209 million generated by Ohio sportsbooks in the state’s debut this January. The …

publicgaming.com

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New York Reports Record-Breaking $2.3 Billion Sports Betting …

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4 days ago · The state collected its record GGR of $211.5 million in January 2024. New York sports betting operators are subject to one of the highest tax rates in the U.S. at 51%. In …

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New York Sports Betting Passes The $2 Billion Mark In October

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Nov 10, 2023 · The New York State Gaming Commission has reported that online sportsbooks accepted more than $2 billion in wagers during October, the highest total since the industry …

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New York Sports Betting: Market And Tax Revenue Projections

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Oct 17, 2024 · September 2024 NY sports betting revenue highlights. Online sports betting in New York generated $2.07 billion in handle. It marks the second-highest monthly total to date …

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New York Mobile Betting Handle Hits Record $2.32 Billion In October

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Nov 8, 2024 · However, despite record handle, monthly revenue came in around $35.0 million under New York’s all-time high. For October, revenue from online sports betting was €176.3 …

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New York Sportsbooks Rake In A Record $2.3B In Bets In October

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Nov 8, 2024 · New York sportsbooks took $2,321,095,638 in bets in October, surpassing the previous record of $2.1 million wagered in November 2023, according to figures released …

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New York Sportsbooks Hit Hard By Bettors In October - Covers.com

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Nov 8, 2024 · The Empire State’s nine online sportsbooks produced $176.3 million in revenue, down 13.9% month-over-month, on a record $2.3 billion handle.

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New York Sports Betting Hits Record $2.32 Billion Handle In …

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5 days ago · ESPN Bet, which debuted in New York at the end of September, saw a moderate start with $40.8 million in handle and $3.2 million in revenue, ranking seventh among the …

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NY Mobile Sportsbooks Post Record $188M In December Revenue

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Jan 5, 2024 · New York's mobile sportsbooks closed 2023 with a flourish, claiming a record $188 million in revenue while topping $2 billion in handle. About Us / Contact; ... New York’s four …

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New York Smashes Online Sports Betting Revenue Record In …

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Jan 5, 2024 · New York set a new online sports betting revenue record of $188.3m (£148.7m/€172.3m) in December, while the state’s handle fell just short of November’s all-time …

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New York Sets Sports Betting Revenue Record In January

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Feb 15, 2024 · New York sportsbooks brought in a record-setting $211.7 million in sports betting revenue in January, even as the state's overall betting handle dropped from December.

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Indiana Bettors Set New Sports Betting Handle High In October

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1 day ago · Indiana sportsbooks generate $537.9 million, most ever in the Hoosier State and up 25.2% year-over-year, but revenue slips 22.3% from October 2023.

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NY Sets U.S. Sports Betting Monthly Revenue Mark At $211M

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Feb 9, 2024 · Those are the only two monthly totals above $200 million in the post-PASPA era dating back to May 2018 when sports betting became possible in states outside of Nevada. …

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VolitionRX Ltd (VNRX) Q3 2024 Earnings Call Highlights: Record …

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1 day ago · Total Revenue for Nine Months: $1 million, a growth of 96% over the same period in 2023. New Q Vet Cancer Tests Sold: Over 110,000 tests sold in the first three quarters of …

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FAQs about NY Sportsbooks Generate Record $166.8M Revenue In September Coupon?

Are sportsbooks generating more revenue in New York State?

Sportsbooks operating in the state have received more betting tickets and gathered more revenue than any other legal state since the beginning. That holds especially true for state tax revenue, which is a whopping 51% for NY. It’s much higher than what used to be the record in Pennsylvania at a 36% tax rate. The good news? ...

How much money did New York sportsbooks win in October?

New York sportsbooks won a net $176.4 million off the record October handle, a nearly 14% decrease from September's $204.7 million win. October featured deep playoff runs by the New York Yankees and New York Mets, as well as the start of the NBA and NHL seasons. The betting public also had a more successful run in October in the NFL. ...

How much money did online sports betting make in New York?

Online sports betting in New York generated $1.3 billion in handle, extending the industry’s streak of billion-dollar months to 12 for the longest such stretch in its history. Sportsbooks totaled $140.3 million in gross gaming revenue, reflecting a 4.8% spike month to month and about a 33.5% year-over-year increase. ...

What is the tax rate for online sports betting in New York?

For online sports betting, the New York State Gaming Commission set the tax rate to 51% on gross gaming revenue. Where does the tax revenue New York State receives on mobile sports betting go? ...

Are sportsbooks taxed in New York?

New York will implement a 51% tax rate for each of its nine online sportsbooks — by far the highest rate in the country. For comparison, New Jersey taxes mobile operators at a 13% rate, while Pennsylvania levies a 36% tax on sportsbooks. Right now, New York has sportsbooks at the state’s four commercial casinos and at tribal casinos upstate. ...

How much money does a sportsbook make?

Sportsbooks totaled $140.3 million in gross gaming revenue, reflecting a 4.8% spike month to month and about a 33.5% year-over-year increase. FanDuel Sportsbook NY led the market with $482.5 million in handle, followed by DraftKings Sportsbook NY at $456.8 million. Together, they combined to represent nearly 75% of overall bets placed online. ...