Good News, Bad News for FanDuel in NY Sports Betting

Good News, Bad News for FanDuel in NY Sports Betting
Fact Checked by Pat McLoone

The second official day of summer brought about rather mundane weekly mobile New York sports betting figures for the week ending June 18.

For FanDuel, however, there were two major headlines.

FanDuel became the first provider in the Empire State to surpass $10 billion in cumulative handle. On the down side, they were No. 2 behind DraftKings for the second consecutive week.

After dominating for all 74 weeks since mobile betting launched in New York, FanDuel lost to DraftKings for the first time last week.

As always, the numbers were reported by the New York State Gaming Commission (NYSGC).

The exact number for FanDuel NY of $10,040,075,533 is more than $2.5 billion more than No. 2 DraftKingsNY overall.

Total mobile handle for the week posted just a tad above $278 million, a $20.89 million drop from the previous week. It was the fourth consecutive week below $300 million. Total mobile Gross Gaming Revenue (GGR) came in at more than $27.19 million, a $1.12 million increase.

Weekly tax collected by Albany: $13,866,982, a $574,522 bump upward from a week earlier.

Since the launch of New York betting apps in January 2022, the state has handled more than $24.885 billion and posted more than $2.136 billion in total GGR and $1.089 billion in taxes.

New York Mobile Sports Betting, May 29-June 18

 
Mobile handle GGR
DraftKings $117,335,509 $12,350,824
FanDuel $102,230,517 $11,788,055
Caesars $28,258,545 $693,983
BetMGM $17,303,311 $1,319,326
BetRivers $6,689,154 $557,758
PointsBet $3,328,152 $297,669
WynnBet $1,686,527 $68,011
Resorts World $935,221 $93,751
Bally Bet $235,008 $20,784
Totals $278,001,943 $27,190,161

 

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Two Straight for DraftKings NY

Despite a drop of nearly $14 million drop from last week, DraftKings NY upended FanDuel NY for the second week in a row.

DraftKings NY’s total mobile handle was more than $117.33 million, a considerable drop from $131.12 million a week ago. Its total mobile GGR jumped up to more than $12.35 million, a $3.21 million increase from the previous week.

FanDuel NY posted $102.23 million in total handle, a $2.58 million decrease from $104.81 million.

Of note, PointsBet NY dropped to $3.32 million in total mobile handle, which snapped an eight-week streak of more than $4 million dating back to the week ending April 16.

Just three of the state’s nine providers had handle increases. Here are the handles for all nine this week.

  1.  DraftKings: $117,335,509
  2. FanDuel: $102,230,517
  3. Caesars Sportsbook NY: $28,258,545
  4. BetMGM: $17,303,311
  5. BetRivers: $6,689,154
  6. PointsBet: $3,328,152
  7. WynnBet: $1,686,527
  8. Resorts World: $935,221
  9. Bally Bet: $235,008 

Cumulative Totals, Jan. 8, 2022-June 18, 2023

 
Mobile handle GGRTaxes
FanDuel$10,040,075,533$1,043,582,485$532,227,067
DraftKings$7,503,716,396$597,376,341$304,661,934
Caesars $3,879,936,276 $284,524,430 $145,107,459
BetMGM $1,962,325,864 $125,117,415 $63,809,882
BetRivers $651,559,068 $36,105,980 $18,414,050
PointsBet $597,883,857 $35,879,079 $18,298,330
WynnBet $145,820,839 $8,641,017 $4,406,919
Resorts World $87,906,590 $4,678,084 $2,385,823
Bally Bet $16,246,943 $917,371 $467,859
Totals$24,885,471,365$2,136,822,206$1,089,779,325
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Author

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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