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.
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).