New Yorkers bet more than ever in October, and the state’s online sportsbooks kept more of it than they did in September.
The eight operators handled a record $2.79 billion for the month, up 5.5% year over year from October 2025, according to the New York State Gaming Commission. Last October’s $2.64 billion had been the previous high for handle in the Empire State.
Gross gaming revenue reached $258.1 million, an 8.1% year-over-year increase and the third-highest monthly total since mobile wagering launched. Only November and December 2025 produced more revenue, at $280.6 million and $259.7 million, respectively.
The bigger swing came in the month-to-month comparison. After holding just 6.6% in September, the books posted a 9.3% win rate in October. Monthly handle increased 16.1%, but revenue jumped 61.9%, or nearly $99 million.
The state reported $131.7 million in net revenue to education for the month, including $33,551 in adjustments, fines, and penalties. That brought the total for the first seven months of New York’s 2026-2027 fiscal year to $696.5 million.
Breakdown among operators
FanDuel led the market with a record $1.02 billion in handle and $113.9 million in revenue at an 11.1% hold. Wagering increased just 1.7% from October 2025, but revenue rose 13.3%. It was a much bigger improvement over September, when FanDuel collected $63.7 million on a 7% hold.
DraftKings took $948.7 million in bets, up 1.1% year-over-year, and generated $81.9 million in revenue at an 8.6% hold. Revenue slipped 1.2% from October 2025, making DraftKings one of just two operators to post a year-over-year decline.
Fanatics had the largest percentage gains in both handle and revenue. It took in $321.4 million in wagers, up 56.3% from a year earlier, and produced $24 million in revenue, a 28.8% increase. Its 7.5% hold was down from 9.1% last October, but the additional wagering more than covered the difference.
BetMGM handled $218.2 million, up 16.4%, and generated $15.6 million in revenue at a 7.1% hold. Revenue increased 7.9% year-over-year, while handle was up 47.1% from September.
Caesars joined DraftKings on the down side of the revenue comparison, though barely. Its $13.1 million haul was off 0.6% from October 2025, with handle essentially flat at $175.6 million. The hold was 7.5%.
BetRivers took $50.5 million in wagers and generated $4.5 million in revenue at an 8.8% hold. Handle declined 4.8% year-over-year, but revenue increased 1.5%.
Penn Entertainment’s theScore Bet posted $35.9 million in handle, down 40.5% from predecessor ESPN Bet’s October 2025 total. A 10% hold helped push revenue to $3.6 million, up 5.7%.
Bally Bet also turned a smaller handle into more revenue. Wagering fell 12.3% to $14.5 million, but a 10% hold produced $1.5 million in revenue, up 27.4%.
FanDuel and DraftKings combined for 70.7% of October’s handle, while six of the eight operators increased revenue over a year ago. All-time mobile wagering in New York has now reached $106.6 billion.
