FanDuel, DraftKings Have Record Weeks in New York

FanDuel, DraftKings Have Record Weeks in New York
Fact Checked by Pat McLoone

The charm of March Madness again made for extremely favorable numbers for mobile NY sportsbooks this past week.

Especially for FanDuel Sportsbook NY and Draft Kings Sportsbook NY, which had record weekly handles in the state.

Overall, the handle number was the third-highest weekly figure ever for the Empire State.

The official figures for the week ending March 19 were released by the New York State Gaming Commission (NYSGC).

Just shy of $460 million was handled ($17.28 million increase from previous week), making it the highest since more than $472.13 million was recorded for the week ending Feb. 13, 2022. It was also the 15th time the weekly handle has gone above $400 million. 
 
The record week for handle was more than $572.55 million for the week ending Jan. 23, set 15 days after New York sports betting apps launched on Jan. 8, 2022.

Total Gross Gaming Revenue (GGR) came in at more than $39.18 million, a $1.21 million decrease from a week ago.

Weekly tax collected for the week: $19.98 million. As a reminder, New York’s tax rate of 51% is tied with New Hampshire for the nation's highest.

Since launch, the state has handled more than $20.664 billion, has generated over $1.709 billion in total GGR and has collected about $871.72 million in taxes for the state.

New York Mobile Sports Betting, March 13-19

 
Mobile handle GGR
FanDuel $188,336,202 $19,502,132
DraftKings $154,079,898 $12,522,085
Caesars $63,096,350 $2,848,089
BetMGM $29,866,380 $2,513,685
BetRivers $11,568,309 $1,169,148
PointsBet $7,789,908 $467,004
WynnBet $3,058,486 $54,867
Resorts World $1,550,107 $99,465
Bally Bet $636,909 $7,764
Totals $459,982,550 $39,184,240

 

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.

Down Go Handle Mark for FanDuel, DraftKings

The dynamic 1-2 punch of FanDuel Sportsbook NY and DraftKings NY led the way, in record fashion.

As mentioned earlier, FanDuel exceeded $188.33 million in handle, breaking its state record set a week earlier.

Meanwhile, Boston-based DraftKings recorded its highest weekly handle ever at $154.08 million, a $6.2 million week-over-week increase. It also marked the company's fourth consecutive weekly jump.

DraftKings overall has generated more than $6.022 billion in total handle, $458,104,218 in GGR and has collected more than $233.63 million in taxes.

Seven of the nine mobile providers in the state had increases in weekly handle. The exceptions: BallyBet NY and NY BetRivers. 

More Notes from NY Sportsbooks

BetMGM Sportsbook NY posted more than $29.86 million in handle, its highest since $32.48 million was recorded for the week ending Jan. 22.To date, BetMGM has generated close to $1.65 million in total handle, over $102.36 million in GGR and $52.2 million in taxes. 
 
WynnBET NY posted more than $3.05 million in handle, its largest since $3.42 million for the week ending Nov. 27.

PointsBet NY now has recorded over $7 million. 
 
Resorts World New York came in at $1.55 million in handle as it has generated over $1 million in eight of the last nine weeks.

EmpireStakes.com – your source for the best NY betting promos – keeps close tabs on revenue reports in the state.

Cumulative Totals, Jan. 8, 2022-March 19, 2023

 
Mobile handle GGRTaxes
FanDuel $8,341,941,861 $829,577,510$423,084,530
DraftKings$6,022,134,847$458,104,218$233,633,151
Caesars $3,379,563,567 $246,260,538 $125,592,874
BetMGM $1,649,969,064 $102,368,477$52,207,923
PointsBet $539,288,099 $31,599,098 $16,115,540
BetRivers $528,354,029 $29,607,675 $15,099,914
WynnBet $121,258,132 $7,357,203 $3,752,174
Resorts World $71,942,893 $3,807,373 $1,941,760
Bally Bet $9,956,723 $587,359 $299,553
Totals$20,664,409,214 $1,709,269,452 $871,727,421
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.
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Author

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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