In NY Sports Betting, Handle Down but Revenue Up This Week

In NY Sports Betting, Handle Down but Revenue Up This Week

By Lou Monaco

Fact Checked by Pat McLoone

With no major sporting event starting or ending, New York sports betting had a little bit of a reality check for mid-April.

For the week of April 11-17, New York bettors wagered $313.2 million in total mobile handle, down $22.6 million from $335.81 million the previous week, according to official figures released by the New York State Gaming Commission (NYSGC) on Friday.

Four of the eight live operators did have increases in their total weekly handles from the previous week: Caesars Sportsbook New York, PointsBet Sportsbook New York, WynnBet Sportsbook New York and ResortsWorld Sportsbook New York.

Total Gross Gaming Revenue (GGR) for the state had a huge $20 million-plus increase, coming in at $33.22 million from $12.93 million for the week ending April 10.

All New York online sports wagering operators since the launch of mobile betting have combined for a handle of more than $5.64 billion and a GGR of more than $375.88 million. New York, with its nation-high 51% tax rate, has collected more than $191.7 million in taxes.

New York Mobile Sports Betting, April 11-17

Mobile handle GGR
FanDuel $131,793,069 $22,081,850
DraftKings $72,108,528 $5,785,438
Caesars $49,871,012 $3,354,559
BetMGM $31,008,404 $1,142,063
PointsBet $17,768,556 $363,905
BetRivers $7,544,834 $236,575
WynnBet $2,023,914 $92,772
Resorts World $1,074,522 $160,730
Totals $313,192,840 $33,217,892


A Look at How Top Four Providers Fared

Once again, FanDuel Sportsbook New York sits atop the New York sports betting landscape with $131.79 million in total weekly handle, a $10.25 million decrease from $142.04 million a week before. Its weekly GGR rose dramatically to $22.08 million, up $14.12 million from last week.

To date, FanDuel has eclipsed the $2 billion mark in year-to-date total handle, coming in at $2.1 billion, with a revenue of $143.87 million and taxes to the state at $73.4 million.

DraftKings Sportsbook New York posted its lowest handle ($72.10 million) since the first two days of launch ($38.5 million), with its weekly GGR increasing to $5.79 million from $2.44 million a week ago.

So far, DraftKings has had a little more than $1.375 billion in total handle, $92.71 million in GGR and $47.28 million in taxes to the state.

Caesars Sportsbook New York, one of only four providers to have an increase from the week before, reported $49.87 million, a slight uptick from $49.36 million a week ago. Its weekly GGR also saw a significant increase to $3.35 million from $694,637 the previous week.

Caesars is the third provider to handle more than $1 billion overall with $1.35 billion. Caesars has generated a total GGR of $106.7 million and $54.4 million in taxes to Albany.

Rounding out the top four is BetMGM Sportsbook New York, posting $31 million in handle — $31,008,404, to be exact. Its total GGR posted at $1.14 million.

To date, BetMGM has handled $495.4 million in the state with $14.85 million in revenue and $7.57 million in taxes.

The other online operators in New York came in behind the top four in this order: PointsBet Sportsbook New York ($17.77 million handle), BetRivers Sportsbook New York ($7.54 million), WynnBet Sportsbook New York ($2.02 million) and Resorts World Sportsbook New York ($1.07 million).

Bally Bet New York, the final of the nine licensed mobile providers, is expected to launch sometime in the next weeks.

In the meantime, EmpireStakes.com can keep you up to date on news about Bally’s and other operators and provide the best New York sports betting promo codes.

Cumulative Totals, Jan. 8-April 17

Mobile handle GGRTaxes
FanDuel $2,099,363,763 $143,870,485 $73,373,947
DraftKings $1,375,061,802 $92,710,814 $47,282,515
Caesars $1,348,414,397 $106,701,546 $54,417,788
BetMGM $495,395,805 $14,849,801 $7,573,399
PointsBet $164,913,843 $9,063,970 $4,622,625
BetRivers $133,067,435 $5,584,009 $2,847,845
WynnBet $19,916,682 $2,335,115 $1,190,909
Resorts World $7,381,658 $767,888 $391,623
Totals $5,643,515,385 $375,883,630 $191,700,651


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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