FanDuel Sets New Weekly Handle Record in New York

FanDuel Sets New Weekly Handle Record in New York
Fact Checked by Thomas Leary

The NCAA’s Conference Tournament Week certainly brought on brisk action in New York sports betting.

The New York State Gaming Commission (NYSGC) released its weekly report of revenue numbers for the week ending March 12 early Thursday and the handle was a whopping $442,694,347, the fifth largest in state history. It also was the second highest in 2023.

The highest week on record was more than $572 million, set a few weeks after New York sports betting apps launched on Jan. 8, 2022.

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.

Week of Milestones Set in NY Sports Betting

The week also was highlighted by a weekly state record going down and several mileposts being reached.

FanDuel NY, far and away the No. 1 sportsbook in the Empire State, broke its state record for the highest weekly handle by posting $185,049,831. FanDuel also surpassed the mark of $8 billion in overall handle.

NY BetRivers and BallyBET NY also notched their highest weekly handles to date.

In another milepost being reached, the cumulative handle for all nine operators surpassed the $20 billion mark.

The NYSGC reported a Gross Gaming Revenue (GGR) of $40.396 million for the week.

The state raked in $20.6 million in taxes. New York’s tax rate of 51 percent is tied with New Hampshire for the highest in the nation.

New York Mobile Sports Betting, March 6-12

 
Mobile handle GGR
FanDuel $185,049,831 $20,864,775
DraftKings $147,797,074 $11,707,425
Caesars $58,964,547 $3,890,522
BetMGM $27,012,310 $2,581,871
BetRivers $11,830,920 $691,898
PointsBet $7,136,403 $236,705
WynnBet $2,694,672 $274,765
Resorts World $1,370,197 $13,740
Bally Bet $838,391 $134,410
Totals $442,694,347 $40,396,111

 

Assessing the Sportsbooks

All nine New York sportsbooks were up in handle from the previous week. Six of nine went up in GGR.

For the week, the top five were FanDuel ($185M), DraftKings NY ($147.8M), Caesars NY (just short of $59M), BetMGM NY ($27M) and NY BetRivers (a NY company record of $11,830,920).

EmpireStakes.com provides frequent revenue reports as well as New York sports betting promo codes.

Cumulative Totals, Jan. 8, 2022-March 12, 2023

 
Mobile handle GGRTaxes
FanDuel $8,153,605,659 $810,075,378$413,138,443
DraftKings$5,868,054,949$445,582,133$227,246,888
Caesars $3,316,467,217 $243,412,449 $124,140,349
BetMGM $1,620,102,684 $99,854,792 $50,925,944
PointsBet $531,498,191 $31,132,094 $15,877,368
BetRivers $516,785,720 $28,438,527 $14,503,649
WynnBet $118,199,646 $7,302,336 $3,724,191
Resorts World $70,392,786 $3,707,908 $1,891,033
Bally Bet $9,319,814 $579,595 $295,593
Totals$20,204,426,664 $1,670,085,212 $851,743,458
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Author

Pat McLoone

Pat McLoone is a news editor overseeing coverage for New York state sites EmpireStakes.com and NewYorkBets.com, among other duties. Pat spent more than 40 years at the Philadelphia Daily News, where he became managing editor, and later the Philadelphia Inquirer, as managing editor for Sports.

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