Complete Reversal from Last Week in New York Sports Betting Handle, Revenue

Complete Reversal from Last Week in New York Sports Betting Handle, Revenue
By Lou Monaco
Fact Checked by Pat McLoone

New York sports betting showed a big increase in total handle and a solid decrease in total Gross Gaming Revenue (GGR) for the week ending June 19.

That marked the total opposite from the week before, when the handle was down but GGR was up.

The official state weekly figures were released Friday by the New York State Gaming Commission (NYSGC).

Total handle posted at more than $265.64 million, an increase of more than $17.39 million from the week before. However, total GGR posted at $13.87 million, a solid decrease of $7.85 million from $21.72 million the previous week.

The $265.63 million was the third highest handle in the state since May 15.

The state of New York realized just over $7 million ($7.073 million to be exact) in taxes for the week. Operators in New York are taxed at 51% on GGR, tied with New Hampshire for highest among states.

MLB betting on the New York Yankees and New York Mets certainly has helped in this situation. The Yankees and Mets remain the top teams in the American and National Leagues, respectively, during summer’s rite of passage. In fact, the Yankees have posted a whopping 65-24 (.730) record since Sept. 13, 2021.

Eight Operating, One to Go

These weekly figures of a quarter million-plus are being done by customers of eight active mobile sports betting apps in the Empire State. It started with four at launch on Jan. 8 and has grown to the present eight.

As the second quarter ends next week, all eyes will be on Bally Sportsbook New York to see if they finally push the button to go live in the Empire State, as the last of the nine legal providers.

Since that historic day in early January, the state has generated more than $8.2 billion in total handle, more than $576.82 million in total GGR and in excess of $294.18 million in taxes to Albany.

New York Mobile Sports Betting, June 13-19

 
Mobile handle GGR
FanDuel $124,900,488 $12,364,944
DraftKings $65,637,855 $1,081,359
Caesars $38,190,994 Minus-$962,043
BetMGM $21,608,494 $351,661
BetRivers $6,137,745 $329,340
PointsBet $5,740,853 $773,238
Resorts World $1,852,165 Minus-$45,052
WynnBet $1,571,145 Minus-$21,807
Totals $265,639,740 $13,871,640

 

FanDuel, PointsBet Show Increases in Handle, GGR

FanDuel Sportsbook New York, the state’s leading provider yet again, posted more than $124.9 million in total handle, its highest weekly total since $145.14 million for the week ending May 8. Its total GGR of more than $12.36 million is the largest since $14.74 for the week ending May 22.

PointsBet Sportsbook New York was the other provider showing increases in both categories with more than $5.74 million in handle, its highest since more than $5.99 million for the week ending May 22.

Its GGR: $773,238, the highest since $858,704 for the week ending May 15.

Mobile sports wagering GGR in the state is taxed at 51%.

Other providers showing increases in handle: Caesars Sportsbook New York, Resorts World Bet New York and BetRivers Sportsbook New York.

The remaining handles of the big four for the week:

  • DraftKings Sportsbook New York,more than $65.64, and also became the second provider to surpass the $2 billion mark in cumulative handle
  • Caesars Sportsbook New York (more than $38.19 million)
  • BetMGM Sportsbook New York (more than $21.6 million).

Cumulative Totals, Jan. 8-June 19

 
Mobile handle GGRTaxes
FanDuel $3,232,618,843 $262,573,985$133,912,732
DraftKings $2,008,885,767 $131,835,559$67,236,135
Caesars $1,739,073,463 $125,808,496 $64,162,333
BetMGM $737,253,655 $28,538,319 $14,554,543
PointsBet $232,449,024 $14,022,208 $7,151,326
BetRivers $198,343,141 $9,531,950 $4,861,295
WynnBet $38,324,385 $3,448,030 $1,758,495
Resorts World $22,014,512 $1,057,848 $539,502
Totals $8,208,953,787 $576,816,395 $294,176,361
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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
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