New York’s November mobile sports betting handle reaches $2.1bn

New York State’s mobile sports wagering handle has reached the $2bn mark for the second consecutive month. The New York State Gaming Commission recently released its November mobile sports betting numbers.

The report showed that players from the state contributed to a $2.1bn handle in November, the highest result to date since the Empire State opened the market for mobile sports wagering.

So far for the fiscal year, New York’s sports betting handle has climbed to more than $12bn.

However, gross gaming revenue (GGR) during November fell by more than $15m when compared to October’s numbers. November GGR statewide reached $150.9m. November’s total GGR has put the state over the $1bn mark for the fiscal year, though.

Platform providers around the state reported a combined total of nearly $74m in net revenue during the month of November. However, November’s total fell short of the previous month’s numbers by almost $8m.

New York’s platform providers have brought in more than $529m in net revenue for the fiscal year.

In other state news, Comptroller Thomas DiNapoli recently published a report that examined the fiscal impact New York’s casinos have had on local governments. According to the findings, three host towns in the study were “the only ones to see significant benefits.”

The 2020 study included New York’s del Lago Resort and Casino, which contributed $176m in gaming tax revenue for regional governments.

Carlos Mendez

Writer

Odds tell a story long before the result does. When bettors learn to read that story properly, betting becomes a matter of discipline and value rather than emotion or guesswork.

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