![]() ![]() Play Now How Much Sportsbooks Actually Make: An Expensive Business To Run So the millions and billions in betting activity reported each month do not necessarily reflect the operators’ bottom lines. For example, FanDuel reported $37 million in October revenue in the Empire State. ![]() The industry’s bigger names tend to pull in bigger revenue numbers. New York’s tax rate of 51% is the highest in the nation. And that is even during a blockbuster month in the country’s biggest mobile betting state. It’s all evidence of the low margins at which U.S. And those numbers reflect revenue, not profit – which is what’s left over after a business removes all expenses, debts and operating costs. At that time, WynnBET reported $257,711 and Resorts World $227,036 in revenue. Rush Street Interactive’s BetRivers platform reported $894,138 in October revenue, according to the New York State Gaming Commission. It’s not easy to look at the gross number and see how much sportsbooks actually make as profit.įor some smaller operators, the numbers were even lower. And Caesars is one of the biggest names in the American mobile sports betting industry. That same month, Caesars Sportsbook made a little more than $7 million in revenue. It took in a handle of more than $1.5 billion, which translated to a $74 million windfall for state education. New York enjoyed its biggest mobile sports betting month of the current fiscal year in October. ![]()
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