All-Star Break Brings Major Decreases in NY Sports Betting

All-Star Break Brings Major Decreases in NY Sports Betting

It is the dog days of a New York sports betting summer and the four-day MLB All-Star break provided no favors.

After a nice bounce-back week, New York posted a low $161.96 million in total mobile handle for the week ending July 16 as official weekly figures were released by the New York State Gaming Commission (NYSGC) Thursday afternoon.

The number marks a $76.07 million decrease from $238.02 million the state's last weekly report and is the lowest in about a year, since $149.71 million was handled for the week ending July 24, 2022.

It also marked the first time the handle number has been below $200 million since about $194.48 million was generated for the week ending Aug. 28, 2022.

The MLB All-Star break was from July 10-13.

Total Gross Gaming Revenue (GGR) generated more than $17.38 million, a $5.39 million drop for the previous week.

Since the launch of New York betting apps, the state has generated more than $25.771 billion in mobile handle, more than $2.2 19 billion in mobile GGR and $1.131 billion in taxes.

The top five weekly handles in the state:

  1. FanDuel: $63,993,246
  2. DraftKings: $56,988,162
  3. Caesars: $18,758,931
  4. BetMGM: $11,002,799
  5. BetRivers NY: $6,610,759

New York Mobile Sports Betting, July 10-July 16

  
Mobile handle GGR
FanDuel $63,993,246 $7,631,999
DraftKings $56,988,162 $5,785,427
Caesars $18,758,931 $1,577,388
BetMGM $11,002,799 $1,324,979
BetRivers $6,610,759 $687,991
PointsBet $2,447,762 $267,583
WynnBet $1,145,108 $73,161
Resorts World $1,011,983 $38,842
Bally Bet $0 $0
Totals $161,958,750 $17,387,370

 

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Caesars Marks Lowest Weekly Handle Yet

Seven of the eight mobile providers (BallyBet is still transitioning to a new platform)  suffered decreases in weekly handle.

Some were steep.

FanDuel NY led the week with more than $63.99 million, but it was the lowest handle for the leading provider since $63.23 million was recorded during the stateā€™s opening weekend (two days, four providers), which ended Jan. 9, 2022.

DraftKings posted more than $56.98 million, a significant drop of $24.84 million from a week ago.

Caesars generated over $18.75 million, its lowest ever.

WynnBET just got over the $1 million mark ($1.14 million), marking the lowest since $258,356 was handled or the week ending Feb. 6, 2022.

Resorts World New York was the only provider to show a weekly increase. Rising to $1.01 million, a $98,722 jump from the last report.

Cumulative Totals, Jan. 8, 2022-July 9, 2023

  
Mobile handle GGRTaxes
FanDuel$10,373,650,549$1,081,924,573$551,781,532
DraftKings$7,840,853,053$623,582,024$318,026,832
Caesars $3,980,273,671 $293,850,432 $149,863,720
BetMGM $2,023,960,276 $130,853,915 $66,735,497
BetRivers $682,005,110 $38,353,198 $19,560,131
PointsBet $610,135,945 $36,836,559 $18,768,645
WynnBet $152,163,709 $9,175,549 $4,679,530
Resorts World $91.830,890 $4,779,646 $2,437,619
Bally Bet $16,370,924 $917,669 $468,011
Totals$25,771,294,124$2,219,273,567$1,131,829,519
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Author

Lou Monaco had been East Coast Scene columnist for Gaming Today in Las Vegas since June 2019, covering the East Coast sportsbook scene with emphasis on NJ and PA. He also currently is a part-time writer for the high school sports department for NJ Advanced Media (NJ.com) in Iselin, NJ. Lou has over 30 years sports experience with previous stints at ESPN SportsTicker, Daily Racing Form and Oddschecker.

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