After posting some of the highest numbers in state history last week, New York sports betting took a bit of a reality check as official figures were released for the week ending Oct. 8 on Thursday by the New York State Gaming Commission (NYSGC).
Mobile handle for the Empire State generated more than $393.53 million, a solid decline of $75.27 million from the week prior. It also snapped a four-week streak of more than $400 million posted. Total Gross Gaming Revenue (GGR) for the week saw a slight uptick to $30.9 million, a modest $4.07 million gain from the week prior ($26.84 million). Taxes collected by the state were $15.76 million, a $2.07 million increase from the week prior ($13.69 million). The New York sports betting 51% tax rate is tied with New Hampshire for the highest in the nation.
Since the launch of NY betting apps, the Empire State is inching closer and closer to the $30 billion mark in handle, as it has generated $29.642 billion in handle, $2.563 billion in GGR and $1.307 billion in taxes.
New York Mobile Sports Betting, Week Ending Oct. 8
Weekly tax: $15,769,309
FanDuel Overtakes DraftKings for the Week
FanDuel NY, the stateās No. 1 overall provider, regained the top weekly spot posting $160.62 million for its sixth straight week over $120 million. DraftKings, which posted its largest weekly handle ($196.1 million) the prior week, came down a bit to $140.05 million.
The remaining handles: Caesars ($40.90 million), BetMGM ($23.62M), BetRivers ($17.49M), PointsBet ($6.15M), WynnBet NY ($2.73M) and Resorts World ($1.93M, sixth straight week over $1M). BallyBet is transitioning to a new platform and has not been on the weekly report for 15 straight weeks.
Week 6 of the NFL season started Thursday night as Kansas City (5-1) upended Denver (1-5), 19-8. The New York Jets (2-3) will host their neighbors down the New Jersey Turnpike, the Philadelphia Eagles (5-1), at 4:25 p.m., Sunday, and the New York Giants (1-4) will visit their neighbors upstate, the Buffalo Bills (3-2), at 8:20 p.m., Sunday night (NBC).
The Bills Super Bowl odds are the fourth-best in the NFL at +850. San Francisco has the top title odds at +400.
Cumulative Totals, Jan. 8, 2022-Oct. 8, 2023
