Handle Continues to Inch Up in New York Sports Betting

Handle Continues to Inch Up in New York Sports Betting
By Lou Monaco
Fact Checked by Pat McLoone

For the second consecutive week, NY sportsbooks posted an increase in total mobile sports wagering handle and had a modest rise in total mobile Gross Gaming Revenue (GGR).

The New York State Gaming Commission (NYSGC) announced Thursday the state’s total mobile wagering handle for the week ending Aug. 14 recorded just as tad short of $197 million, a $3 million increase from $193.99M a week before.

The number was also the highest since $212.79 million posted for the week ending July 3.

Total GGR produced an increase of $182,688, posting at $21.08 million from the previous $20.9 million for the week ending Aug. 7. Tax collected for the state was more than $10.75 million.

The opening of NY NFL betting, even for the preseason, has to be a welcome sight for operators.

New York Mobile Sports Betting, Aug. 8-14

 
Mobile handle GGR
FanDuel $82,615,717 $10,494,947
DraftKings $57,188,046 $4,940,633
Caesars $26,364,363 $2,651,788
BetMGM $16,421,831 $1,919,407
PointsBet $6,154,081 $551,450
BetRivers $5,697,548 $354,024
WynnBet $1,496,822 $59,340
Resorts World $842,539 $100,855
Bally Bet $218,971 $10,962
Totals $196,999,916 $21,083,406

 

DraftKings NY and PointsBet New York recorded their largest total handles in two and three months, respectively.

DraftKings NY posted $57.19 million in total handle, up from $54.77M the previous week and its largest since $65.63 million for the week ending June 19. Its total GGR was $4.94M. To date, the company has had a handle of more than $2.41 billion, $166M in GGR and has paid more than $84.69M in taxes since launch on Jan. 8.

PointsBet New York recorded $6.15M in total handle, its largest since $8.44 million for the week ending May 15. Its total GGR registered at $551,450.

To date, PointsBet New York has handled more than $265.62M, $17.76 in total GGR and has paid $9,056,282 in taxes to Albany.

Other providers of NY betting apps that had total handle increases for the week include: BetMGM New York, NY BetRivers, BallyBet New York and WynnBet New York.

Five of the nine providers had increases in their GGR: FanDuel NY, BallyBet New York, BetMGM New York, Caesars New York and Resorts World New York.

However, the following had decreases in handle: FanDuel, Caesars New York and Resorts World Sportsbook New York.

With nine mobile providers in full operation, the state has handled more than $9.73 billion since Jan. 8. The GGR has totaled more than $722.46 million and taxes to the state have exceeded $368.45 million.

EmpireStakes.com should be your source for the state’s revenue reports as well as your site for NY sportsbook promos.

FanDuel King of the Hill Once Again

FanDuel NY had its three-week increase streak in handle halted, but only slightly, having generated more than $82.62M, a tad lower than the $84.14M the previous week.

However, its total GGR was more than $10.49M, a slight increase from $9.85M a week earlier.

FanDuel is closing in on $4 billion in total handle, with more than $3.898B. It also has $335.96M in GGR and more than $171.33M in state taxes.

Cumulative Totals, Jan. 8-Aug. 14

 
Mobile handle GGRTaxes
FanDuel $3,898,086,560 $335,959,968$171,339,584
DraftKings $2,416,367,010 $166,066,392$84,693,860
Caesars $1,961,372,284 $143,133,363 $72,998,015
BetMGM $872,529,621 $41,572,185 $21,201,814
PointsBet $265,624,078 $17,757,416 $9,056,282
BetRivers $237,437,625 $12,188,469 $6,216,119
WynnBet $49,881,413 $4,216,971 $2,150,655
Resorts World $30,816,832 $1,515,894 $773,106
Bally Bet $1,073,155 $59,163 $30,173
Totals $9,733,188,577 $722,469,822 $368,459,609
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Contributors

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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