With an anticipated national total sports wagering handle record to be announced Friday afternoon — possibly hitting the once unattainable $2 billion mark — New York sports betting will be on top of the heap in the U.S. betting market.
Since the Jan. 8 launch with four sports books (Caesars New York, DraftKings New York, FanDuel New York and BetRivers New York), the interest and enthusiasm for mobile sports betting in the Empire State has risen each and every day, it seems. And since information has been released weekly by the New York State Gaming Commission (NYSGC), Friday’s numbers certainly will be historic.
Currently, New Jersey holds the national record for online sports betting handle for a single month at $1.303 billion, set in October 2021.
“We had been at this for over two years and to see this reality and hypothesizing this, we are very pleased with what has happened," state Sen. Joseph P. Addabbo Jr., the chairman of the Senate Committee on Racing, Gaming and Wagering, told EmpireStake.com Thursday. "New York has a great fan base and the savvy bettor that we have had throughout the state has been incredible. The potential was always there. Kudos to Gov. Kathy Hochul and her administration, the NYSGC and the operators for launching and operating with minor hiccups,.
A new operator to the numbers report will be PointsBet New York, which officially launched on Jan. 25. Last week, BetMGM New York, which went live on Jan. 17, was first mentioned in the NYSGC report.
(It can be hard to keep up with all these sportsbooks. EmpireStakes.com can help. Look for our New York sports betting promo code page.)
Recalling the Numbers So Far
Last week’s numbers (Jan. 17-23) included $572.55 million in total sports handle, $43.2 million in total Gross Gaming Revenue (GGR) and $22 million in the amount of taxes paid to the state.
Mobile sports wagering GGR is taxed at 51% in New York, tied for highest in the country with New Hampshire.
To date, New York has amassed $1.175 billion in total handle. Total GGR is at $91.427 million and taxes to the state are at $46.628 million.
Meanwhile, here is a breakdown of the operators and the amounts each contributed so far to the $1.175 billion handle.
- Caesars: $487.36 million.
- FanDuel: $360.005 million.
- DraftKings: $265.475 million.
- BetMGM: $40.569 million.
- BetRivers: $22.195 million.
- PointsBets numbers have not been reported to date.
What About Rest of Operators?
WynnBET New York received approval for its launch by the NYSGC earlier this week. No date/time has been set, but a live operation is believed to be imminent.
BallyBet New York said last week it plans to launch sometime in April and a Resorts World New York spokesperson told EmpireStakes.com on Tuesday that they are “working to launch as soon as possible.”
How New York Got Here
Before Jan. 8, the only legal sports betting allowed in the state of New York was through retail casinos upstate and some associated with Native American tribes.
The momentum really picked up for mobile sports betting on Nov. 8, when the NYSGC granted licenses to nine operators for mobile sports betting licenses. Those were the aforementioned Caesars, DraftKings, FanDuel, BetMGM, BetRivers, PointsBet, WynnBET, Resorts World and Bally’s.
People in the industry correctly identified New York as the ultimate market. Even though it is only the state with the fourth-largest population, a great number of its residents are passionate sports fans with many professional teams to support. The three most populous states — California, Texas and Florida — do not allow sports betting at the present time.