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:
- FanDuel: $63,993,246
- DraftKings: $56,988,162
- Caesars: $18,758,931
- BetMGM: $11,002,799
- BetRivers NY: $6,610,759
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 state’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.