Handle a Bit Up, Revenue a Little Down in Weekly NY Sports Betting Report

Handle a Bit Up, Revenue a Little Down in Weekly NY Sports Betting Report

By Lou Monaco

Fact Checked by Pat McLoone

There was an increase in total handle and one mobile sportsbook is approaching the $3 billion dollar mark since launch on Jan. 8, as the New York State Gaming Commission (NYSGC) released its weekly New York sports betting figures for the week ending May 29.

After two consecutive weeks of decline, overall handle came in at $271.88 million, a solid increase of more than $10.7 million from the week before. Total Gross Gaming Revenue (GGR) dropped for the third consecutive week, posting at $13.8 million, down from $23.48 million from the previous week.

Since the state’s Jan. 8 launch, New York has handled more than $7.42 billion, posted over $530.46M in total GGR, with the state collecting more than $270.53M in tax revenue.

New York Mobile Sports Betting, May 23-29

 
Mobile handle GGR
FanDuel $121,629,980 $8,378,829
DraftKings $71,069,186 $1,851,456
Caesars $38,568,006 $1,561,717
BetMGM $25,580,388 $1,502,316
BetRivers $6,965,401 $39,570
PointsBet $4,122,066 $488,172
WynnBet $2,288,059 $117,965
Resorts World $1,661,297 Minus-$103,575
Totals $271,884,384 $13,836,449

FanDuel Closing in on $3 Billion in Total Handle 

Fan Duel Sportsbook New York retained its top spot in the state yet again. Expect FanDuel to go over the $3 billion mark in total handle by the NYSGC’s next weekly report for the week ending June 5.

FanDuel posted $121.63 million, up from $114.11 million for the week ending May 22. Weekly GGR was $8.38 million, down from $14.74 million the week before and its lowest since $7.95 million for the week ending April 10.

Overall, FanDuel has posted a total handle of $2.88 billion since launch, with revenue of $234.63M and more than $119.66M in taxes to the state.

DraftKings Sportsbook New York, the only other of the top four providers to see an increase in handle, posted at $71.07 million, up from $64.15 million a week ago. Its weekly GGR was $1.85 million, down from 3.67 million and its lowest since $1.42 million for the week ending May 1.

Since launching Jan. 8, DraftKings has had a total handle of $1.8 billion, $121.89 million in total GGR and more than $62 million in taxes to Albany.

The third and fourth spots in total handle saw decreases from the week before: Caesars Sportsbook New York posted at $38.57 million (down from $40.61M a week earlier) and BetMGM Sportsbook New York had a minor dip to $25.58M, down from $26.08M a week earlier.

Of the four remaining operators, all but PointsBet New York showed increases in handle from the state’s last weekly report.

BetRivers Sportsbook New York ($6.97M), WynnBet Sportsbook New York ($2.29M) and Resorts World Sportsbook New York ($1.66M) all had modest increases from the week ending May 22.

BallyBet is the last of the nine licensed operators to launch in the Empire State. It is  expected to do so by the end of June.

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Cumulative Totals, Jan. 8-May 29

 
Mobile handle GGRTaxes
FanDuel $2,881,402,882 $234,628,370$119,660,469
DraftKings $1,803,565,285 $121,893,595$62,165,733
Caesars $1,623,209,644 $123,629,510 $63,051,050
BetMGM $669,232,133 $24,842,217 $12,669,531
PointsBet $217,300,564 $12,887,542 $6,572,646
BetRivers $179,373,457 $8,311,984 $4,239,112
WynnBet $33,529,236 $3,232,176 $1,648,410
Resorts World $16,765,112 $1,031,408 $526,018
Totals $7,424,378,312 $530,456,802 $270,532,969

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WRITTEN BY
EmpireStakes.com
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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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.
... Read More