New York online betting revenue up 23% in October 2022

In October 2022, online sports betting sales in New York, USA reached $1.46 billion. This is stated in the recently published report of the Gambling Commission. According to the contents of the materials, sales were 22.8% compared with the previous month, which is the highest rate in the past six months.

The turnover from online sports betting was $145.7 million. This is $12.4 million more than the previous month. FanDuel led the online sports betting market with $609.1 million in wagers and $76.4 million in revenue. DraftKings came in second with $41.1 million in revenue and $534.6 million in sales. Caesars Sportsbook came in third with $14.9 million in revenue and $195.2 million in sales.

The tax income from accepting online sports betting is $74.3 million, and the income of an online operator in New York is taxed at a rate of 51%.

Until January 8, 2022, the launch date of the online betting market, sports betting in New York State could only be done by visiting bookmakers at four commercial casinos and three tribal casinos. The list includes: Rivers Sportsbook (Schenectady), FanDuel Sportsbook (Tioga Downs), DraftKings Sportsbook (del Lago Resort Casino), Turning Stone (Syracuse), Point Place (Bridgeport), Yellow Brick Road Casino (Chittenango) and Resorts World Catskills ( Monticello).
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