April Brings In Almost $1.4B in Mobile New York Sports Betting

April Brings In Almost $1.4B in Mobile New York Sports Betting

By Lou Monaco

Fact Checked by Pat McLoone

New York sports betting stayed well above $1 billion with Monday’s release of official mobile figures for the month of April by the New York State Gaming Commission.

The Empire State posted more than $1.39 billion in total monthly handle. Gigantic number for sure, but it is the lowest of the four months since New York started mobile sports betting on Jan. 8.

The mobile handle figure in January was a national record of $1.67 billion. That January frenzy, of course, was not even a full month. It counted only wagers placed from the debut date of mobile betting in the state, Jan. 8, thru Jan. 31.

February came in at $1.53 billion. March then jumped back to $1.63 billion, proof that March Madness truly is the second-biggest betting event of the year.

The exact total handle for the month, including a bit more than $6 million in retail betting at four upstate casinos, was $1,390,777,875.

Gross Gaming Revenue Still Over $100M

The total Gross Gaming Revenue (GGR) for April mobile betting came in at $104.14 million, which is short of January ($124.1 million) and March ($114.3 million) but better than February ($82.4 million). The final total was $104.536 million when you factor in the $674,148 in retail sports betting revenue.

Net revenue to platform providers was at $51.03 million and net revenue to education came in at $53.11 million.

New York online sports wagering operators since the launch of mobile betting have combined for a handle of more than $6.27 billion and a GGR of more than $425.16 million.

New York, which shares the nation’s highest tax rate with New Hampshire at 51%, has collected more than $216.83 million in taxes.

Here are April’s Top 5 mobile handle by operators: FanDuel Sportsbook New York $599,485,964, DraftKings Sportsbook New York $327,051,970, Caesars Sportsbook New York $215,747,442, BetMGM Sportsbook New York $142,155,809 and PointsBet Sportsbook New York $53,193,312.

State’s Weekly Numbers Reported Last Friday

Last Friday, numbers for the week ending  May 1 showed the lowest total handle and gross gaming revenue (GGR) since fiscal year 2022-23 reporting started with the week ending April 3.

For the week of April 25-May 1, New York bettors wagered $295.18 million in total mobile handle, a $39.31 million decrease from the previous week’s $334.49 million.

It was the first full week of the 16 weeks reported since mobile wagering launched Jan. 8 that total handle dipped below the $300 million mark.

The two-week, $30 million-plus streak for total GGR was snapped, coming in at its lowest for the first five weeks of the new fiscal year at $12.88 million. That is a $23.6 million drop since $36.46 million was reported a week earlier.

The next set of weekly numbers will be released by the NYSGC this Friday, May 13.

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WRITTEN BY
EmpireStakes.com
Lou Monaco
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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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.
... Read More