It’s Official: New York Sports Betting Holds Monthly National Handle Mark at $1.69B

It’s Official: New York Sports Betting Holds Monthly National Handle Mark at $1.69B

By Lou Monaco

It isn’t a month per the calendar, but it will have to do for the record books.

In the mind-boggling opening weeks of mobile New York sports betting, we finally have an official monthly number.

The New York State Gaming Commission (NYSGC) released its monthly handle and revenue figures Thursday. The numbers cover the time period from 9 a.m. on Saturday, Jan. 8 through Jan. 31. Essentially, we have seen figures through Jan. 30, but the addition of Jan. 31 makes it a month.

The official betting handle of $1,686,263,898 soundly blows away the $1.35 billion reported by New jersey on Wednesday. That latest New Jersey number broke the Garden State's previous state and national record of $1.303 billion, set in October 2021.


Inside the Numbers

Let’s take a look at the monthly report by the numbers:

$1,686,263,898: This is the big number, which combines mobile and retail. The official mobile number is $1.67 billion.

$16,544,864: This is the January retail handle, which covers the entire month. That figure is down 21.7% from $21.13 million in December. The retail total is from the state’s four upstate casinos: Rivers Casino in Schenectady, Resorts World Casino in Monticello, Del Lago Casino in Waterloo and Tioga Downs in Nichols.

$123,810,126: This is the Gross Gaming Revenue from mobile and retail combined.

$63,143,164: This is the amount of taxes being sent to the state. This, of course, is a national record by far. You determine the tax amount by taking 51% of the GGR. The 51% tax rate is the highest in the nation, shared with the state of New Hampshire.


How the Operators Fared

The operators were a fluid situation and that remains so. Initially, on Jan. 8, only four operators were given the go-ahead to launch (Caesars Sportsbook New York, FanDuel New York, Draft Kings New York and BetRivers New York). For purposes of the month of January, they were followed by BetMGM New York (Jan. 17) and Points Bet (Jan. 25). All six are in this count.

Since then, WynnBET New York got going Feb. 4. Resorts World New York hopes to start operating soon. Bally Bet has stated it plans to begin to accept NY mobile wagers sometime in April.

Here are the January GGR totals by operator:

  • Caesars: $58,985,112
  • DraftKings: $29,582,503
  • FanDuel: $28,089,392
  • BetMGM: $3,847,998
  • PointsBet: $2,561,623
  • BetRivers: $1,072,328

So, we move on to February. That month has the benefit of Super Bowl handle but will be hurt by losing a steady stream of NFL betting and the pesky fact that it is only 28 days long.

When will the next record fall? We’ll see.

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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