Another $400M Week Gets Year Started Nicely in NY Sports Betting

Another $400M Week Gets Year Started Nicely in NY Sports Betting
By Lou Monaco
Fact Checked by Pat McLoone

The first full week of 2023 generated another $400 million in total mobile handle in NY sports betting.

However, that was close to a $10 million decrease from the last week in 2022, as official weekly figures were released Friday afternoon by the New York State Gaming Commission (NYSGC) for the week ending Jan. 8.

Nine NY betting apps combined to handle more than $401.2 million, a $9.6 million decrease from the week ending Jan. 1 ($410.82 million).

Total Gross Gaming Revenue (GGR) among the nine posted at more than $29.92 million, which was an increase of about $6 million from the last report ($23.93 million).

The Empire State took in more than $15.25 million in taxes, a $3 million increase from the week before. New York, along with New Hampshire, has the highest tax rate in the nation at 51%.

In 52 weeks- one full year since its historic launch on Jan. 8, 2022 - mobile sports wagering has generated more than $16.683 billion in handle, $1.386 billion in GGR and $707.09 million in state taxes. 
 
Stay all year with EmpireStakes.com for the latest coverage of state sports betting revenue reports, as well as the best New York sportsbook promo codes

New York Mobile Sports Betting, Jan. 2-8

 
Mobile handle GGR
FanDuel $158,423,854 $15,613,884
DraftKings $142,489,698 $10,322,869
Caesars $51,689,067 $1,670,892
BetMGM $27,567,186 $1,158,286
BetRivers $9,711,322 $277,861
PointsBet $7,697,027 $604,286
WynnBet $2,341,148 $128,186
Resorts World $1,095,762 $137,943
Bally Bet $191,143 $7,245
Totals $401,206,206 $29,921,451

DraftKings Hits It Big This Week

Boston-based DraftKings Sportsbook NY posted its highest total mobile handle ever in the state at more than $142.48 million, a huge $15.97 million increase from $126.51 million recorded the previous week.

The number, which was the company’s third consecutive weekly increase, topped its previous high of $131.05 million for the week ending Jan. 23, 2022. DK also posted more than $10.32 million in total GGR, a $3.22 million increase from $7.09 million the week before.

BetMGM ($27.57 million) and WynnBet ($2.34 million) were the only other providers to show a weekly increase.

PointsBet NY, which recorded its largest-ever mobile handle ($29.85 million) in the state’s last report, dropped $22.15 million to $7.69 million for the week ending Jan. 8 and fell to sixth on the weekly leaderboard.

The top five providers for the week (total mobile handle): FanDuel NY ($158.42 million), DraftKings NY ($142.49 million), Caesars Sportsbook NY ($51.69 million), BetMGM NY ($27.57 million) and Rush Street Interactive’s BetRivers ($9.71 million).

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

 
Mobile handle GGRTaxes
FanDuel $6,713,234,229 $669,232,434$341,308,541
DraftKings$4,696,994,069$360,683,587$183,948,629
Caesars $2,858,904,349 $215,846,458 $110,081,694
BetMGM $1,375,667,953 $81,435,728 $41,532,221
PointsBet $453,932,563 $26,992,838 $13,766,347
BetRivers $423,968,233 $22,732,124 $11,593,383
WynnBet $95,675,615 $6,131,778 $3,127,207
Resorts World $58,940,380 $3,073,030 $1,567,245
Bally Bet $6,031,824 $329,059 $167,820
Totals$16,683,349,213 $1,386,457,038 $707,093,089
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Contributors

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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