New York Mobile Sportsbooks Set $692.3 Million Weekly Wagering Record

A thin 3.6% operator hold held weekly revenue to $24.7 million despite the state’s biggest-ever mobile betting total.
Key points
  • New York’s mobile sportsbooks accepted a record $692.3 million in wagers in the week ending Nov. 8.
  • The total marked a fourth consecutive week above $600 million in statewide mobile betting handle.
  • Operators generated $24.7 million in revenue on a 3.6% hold, with estimated state tax receipts of $12.6 million.
  • FanDuel, DraftKings and Fanatics led the record week by wagering volume.
New York Mobile Sportsbooks Set $692.3 Million Weekly Wagering Record

New York’s mobile sportsbooks accepted a record $692.3 million in wagers in the week ending Nov. 8, surpassing the previous weekly high of about $661 million set in the comparable week last year. The total was 5.1% higher than the $658.6 million wagered a week earlier and 15% above the $602.3 million recorded in the corresponding week of 2025.

The record was the fourth consecutive week in which statewide mobile handle exceeded $600 million. Those four weeks ranked eighth, fourth, third and first among New York’s all-time weekly totals, while six of the state’s 10 largest weeks had occurred in the preceding eight weeks.

Operators retained $24.7 million in gross gaming revenue, for a collective 3.6% hold. That was down from 4.1% a week earlier and ranked as the 12th-lowest hold in New York’s 253 weeks of mobile wagering. Weekly revenue was the market’s lowest since the week ending Sept. 13, when operators won $17 million, and was down 64.8% from $70.1 million a year earlier despite the higher handle.

TheLines linked the modest hold to an NFL Week 9 in which favorites went 13-1 straight up and 10-3-1 against the spread, excluding Buffalo’s Monday win over Minnesota. It was the first time since October 2024 that the statewide hold had been below 5% in two successive weeks, and only the third such occurrence overall.

All eight operators finished with positive results. FanDuel led weekly revenue with $9.4 million on a 3.7% hold, followed by DraftKings with $8.5 million on a 3.8% hold; BetMGM was the only other operator above $1 million in revenue, at $3.4 million. BetRivers posted the highest hold, retaining $1.2 million from $14.7 million in wagers.

FanDuel accepted $253.6 million in wagers, its best weekly total of the year and only its fifth above $250 million. DraftKings took $223.7 million, also its best result of 2026, while Fanatics recorded $88.7 million, its fourth-highest weekly handle. BetMGM reached $53.9 million for a fourth straight week above $50 million, and Caesars accepted $45.8 million, its highest weekly total since March 2024.

New York taxes mobile wagering revenue at 51%, implying about $12.6 million in state receipts for the week. The state accounts for sports wagering on a cash basis, treating futures wagers as revenue when placed and recognizing winning wagers when redeemed, which can affect the timing of reported revenue.

The weekly milestone extended an autumn surge that had already delivered a record $2.79 billion of mobile wagering in October, as reported Nov. 13. Through the first 33 weeks of the fiscal year that began in late March, sportsbooks had accepted $16.8 billion in wagers and generated $1.44 billion in revenue.

New York’s mobile market launched in January 2022. The state comptroller found that it had processed more than $91.2 billion in wagers and produced $8.3 billion in gross gaming revenue through the end of fiscal 2026, with activity generally stronger from October through March during major sporting events.

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