Big Drop-Off in Weekly NY Sports Betting

Big Drop-Off in Weekly NY Sports Betting
Fact Checked by Pat McLoone

Mobile New York sports betting had its rebound ended abruptly as official weekly figures for the week ending Aug. 13 were released by the New York State Gaming Commission (NYSGC) Thursday.

Total mobile handle posted more than $223.75 million, a huge $93.7 million loss from last week’s $317.50 million. It ended a three-week string of increases since $161.95 million was reported for the week ending July 16.

The state’s total Gross Gaming Revenue (GGR) recorded $21.32 million, a $22.19 million decrease from the week before ($43.52 million).

Tax collected by the state: $10,877,207, an $11.27 million drop from the previous week ($22.15 million).

Since the launch of New York sports betting apps, the state has generated more than $26.776 billion in mobile handle, more than $2.333 billion in mobile GGR and $1.190 billion in taxes.

New York mobile sports betting, week ending Aug. 13

Mobile handle GGR
FanDuel $87,431,663 $10,484,782
DraftKings $75,899,227 $6,842,241
Caesars $26,456,740 $2,006,176
BetMGM $19,153,981 $1,220,813
BetRivers $8,388,101 $518,069
PointsBet $3,582,226 $120,837
WynnBet $1,967,541 $59,377
Resorts World $874,015 $75,562
Bally Bet $0 $0
Totals $223,753,493 $21,327,857
Must be 21+ to participate & present in NY. Gambling problem? Call (877-8-HOPENY) or text HOPENY (467369). Visit BetMGM.com for Terms & Conditions. US promotional offers not available in NY, NV, or Puerto Rico.

DraftKings Drops Dramatically

A week after posting its highest total mobile handle ($161.40 million), DraftKings posted a little less than $76  million, an $85.5 million plummet. That drops them behind FanDuel NY for the top weekly spot.

In addition, DraftKings’ largest-ever total GGR of $25.14 million just a week ago declined to the tune of $18.39 million to more than $6.84 million.

Five of the eight providers (BallyBet is in its seventh week of transitioning to a new platform) had mild increases in their weekly handles (BetMGM NY, WynnBET, PointsBet, Resorts World Bet and BetRivers). BetRivers was the only provider to see an upward tick in total GGR.

BetMGM NY came in at more than $19.15 million in total handle, its highest since $23.19 million was recorded for the week ending June 4.  
 
Here are the top five weekly handles:  FanDuel NY: $87,431,663; DraftKings: $75,899,227; Caesars: $26,456,740; BetMGM: $19,153,981; BetRivers: $8,388,101.

Cumulative totals, Jan. 8, 2022-Aug. 13, 2023

Mobile handle GGRTaxes
FanDuel$10,748,153,155$1,121,190,588$571,807,200
DraftKings$8,244,547,157$676,465,247$344,997,276
Caesars $4,087,278,908 $303,412,202 $154,740,223
BetMGM $2,086,793,791 $137,664,510 $70,208,900
BetRivers $714,759,101 $41,015,946 $20,918,132
PointsBet $624,480,041 $38,022,194 $19,391,319
WynnBet $159,127,272 $9,668,286 $4,930,826
Resorts World $95,370,719 $5,310,983 $2,708,601
Bally Bet $16,370,924 $917,669 $468,011
Totals$26,776,881,065$2,333,667,629$1,190,170,491

 

Must be 21+ to participate. T&Cs apply.
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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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