April’s New York sports betting revenue results clearly show that the NFL season and March Madness have passed as the numbers have dropped.
Official April monthly mobile figures were released by the New York State Gaming Commission (NYSGC) on Monday morning.
Total sports betting handle (retail and mobile combined) for the month generated more than $1.55 billion, a 13.5% decrease from March ($1.793 billion), but an 11% increase from April 2022 ($1.397 billion).
The handle for mobile totaled more than $1.544 billion, down 13.5% from March ($1.786 billion), and up 11.1% from April 2022 ($1.31 billion).
On the revenue side of things, total revenue for April (mobile and retail combined) posted at more than $139.27 million, down 14.9% from March’s $163.58 million, and up a solid 33.2% from last April ($104.54 million).
Mobile sports betting revenue (GGR) for the month generated more than $138.82 million, down 14.7% from March ($162.83 million), and up a significant 33.3% from April 2022 ($104.14 million).
April’s top five mobile GGR by operator:
- FanDuel Sportsbook NY: $70,975,478
- DraftKings NY: $44,918,778
- Caesars NY: $12,752,332
- BetMGM Sportsbook NY: $7,100,176
- PointsBet NY: $1,705,339
Tax collected in April: $70,798,487 resulting in a $12.2 million decrease from March's $83,042,066. New York betting apps are taxed at 51%, which is tied with New Hampshire for the highest figure in the nation.
Net revenue to the platform provider was more than $68.02 million and net revenue to education was more than $70.79 million. Both were decreases since March.
How Operators Did in April Handle
Seven of the nine providers showed decreases in total handle in April, but two did show an increase.
BetMGM NY, ranked No. 4 in the state, generated more than $126.68 million in handle, a solid $5.45 million increase from March.
Resorts World NY posted more than $7.9 million, a $2.76 million uptick from March and its highest mark since launch.
The top five mobile handles by operator for April:
- FanDuel $626,291,453
- DraftKings: $516,406,585
- Caesars: $185,309,434
- BetMGM: $126,684,201
- BetRivers: $49,067,164
Four major providers all took handle decreases from March: FanDuel ($113.81 million), DraftKings ($73.39 million), Caesars Sportsbook ($52.17 million) and PointsBet ($8.24 million).