New York Posts New US Record For Monthly Sports Betting Handle

Another October, another national sports betting handle record.

New York furthered its post-PASPA monthly standard for commercial sports betting handle Monday, after the state's gaming commission reported $2.79 billion in accepted wagers for October.

It is the fourth consecutive October the Empire State has toppled its previous high, a run that started in 2023 when it first crossed the $2 billion benchmark. This year's figure is a 5.5% increase from the $2.65 billion handle that stood as the record until Monday.

New York remains the lone state to surpass $2 billion, now having done so 24 times.

Operator revenue was also among the highest in state history, with the $258.7 million ranking third behind November ($281.3 million) and December ($260.4 million). Sportsbook winnings climbed 8.2% from last year, while the collective 9.3% hold rose nearly one-quarter of a percentage point.

The 51% tax on mobile sportsbook revenue helped the state collect $131.8 million in remits for October. Calendar-year tax revenue has topped $1 billion for the third consecutive year, but fiscal year receipts are $25.1 million behind the 2025-26 pace at the halfway point.

FanDuel Clears $1 Billion, Fanatics' Surge Continues

FanDuel stands alone when it comes to $1 billion monthly handles in New York: It is the only operator to accomplish the feat in the nearly five years of mobile wagering in the Empire State. October marked the third time the juggernaut hit the mark, setting a state record with $1.02 billion worth of accepted wagers.

That was up 1.7% from last year when it topped $1 billion handle for the first time, but thanks to eternal rival DraftKings also setting a record for monthly handle and the notable rise of Fanatics into New York's clear-cut No. 3 operator, FanDuel's market share actually declined from 38.1% to 36.7%.

DraftKings extended its monthly handle record to $948.7 million, a 1.1% increase. Fanatics, meanwhile, reported a 56.3% surge in action to $321.4 million as it cornered 11.5% of mobile handle.

It was the highest monthly handle for Fanatics outside its likely whale-helped total of $565.8 million in August 2025. Additionally, Fanatics will surpass its full-year 2025 handle of $2.62 billion at some point this month, having entered November with $2.54 billion worth of accepted bets.

BetMGM ($218.2 million) and Caesars ($175.6 million) went in different directions. Wagering through BetMGM increased 16.4% from last year, while Caesars was practically flat.

BetRivers ($50.5 million) and theScore Bet ($35.9 million) both posted year-over-year declines, with the latter tumbling 40.5% compared to predecessor ESPN Bet. BetRivers had a 4.8% downturn in handle as its market share was below 2% for the second straight month.

Bringing up the rear was Bally Bet, whose $14.5 million handle was 12.3% lower.

FanDuel Still No. 1 For Revenue, too

FanDuel is also an exclusive member of the $100 million monthly revenue club, hitting that figure for the third time in 2026.

The $113.9 million reported was FanDuel's high this year and third all-time in New York. Revenue rose 13.3%, and its 11.1% hold was up 1.1 percentage points. FanDuel accounted for 44.1% of all mobile revenue, its highest share since reaching 44.3% in March.

DraftKings also hit a high-water revenue mark for 2026 at $81.9 million, but that was down 1.2% from a year ago. It finished the month with an 8.6% win rate, more than two-tenths of a percentage point lower versus 2025.

Fanatics narrowly set an all-time high for revenue at $24 million, topping its April benchmark by $488,000. Winnings grew 28.8% thanks to a 9.3% hold, up nearly 1.5 percentage points.

BetMGM barely missed a record revenue number at $15.6 million, falling $261,900 short while topping $15 million for the third time this year. It was still good for a 7.9% increase compared to October 2025, as its hold dipped six-tenths of a percentage point to 7.1%.

Caesars essentially maintained its status quo in revenue and handle; the $13.1 million in winnings were down 0.6% as its 7.5% hold was roughly the same as 12 months ago. BetRivers carved out a small gain with $4.5 million, up 1.5% from last year.

TheScore Bet has been doing more with less. Despite the sharp decline in handle, revenue rose 5.7% to $3.6 million from ESPN Bet's $3.4 million last October.

Bally Bet's revenue spiked 27.4% to nearly $1.5 million. The smallest operator in the state has blown past its 2025 full-year revenue total of $9.6 million with $13.1 million heading into its final two months.