All good things must come to an end.
Mobile New York sports betting celebrated a half-year anniversary in June with its sixth consecutive month of at least $1 billion dollars in total handle, but now the historic streak is over.
The New York State Gaming Commission (NYSGC) late Thursday released its official mobile sports wagering figures for July.
New York sportsbook apps reported a total handle of $800,753,012, a significant 23.9% drop of more than $250.87 million dollars from June’s $1.05 billion.
The Empire State’s total Gross Gaming revenue (GGR) posted at more than $73.32M, a modest 1.2% increase of $900,365 from June’s $72.42M.
Tax collected in the state for July was more than $35.92 million, down slightly from $36.93M in June. New York has a 51% tax rate, tied for highest in the nation with New Hampshire.
Here are the state monthly figures:
The July figure is just short of $805 million with about $4.2 million in retail sportsbook handle added.
New York’s total numbers for net revenue to platform provider ($35.92 million) and net revenue to education ($37.39 million) both were slight increases from June.
Since launch Jan. 8, the state has taken in more than $3.7 billion in total handle and more than $286.35 million in total GGR from New York sportsbooks.
BallyBet Sportsbook New York, which started taking wagers July 7 and became the last of the nine legalized operators to launch in New York, was not part of the July monthly revenue report and will make its first official appearance in August.
Top 5 Providers Unchanged; FanDuel Tops Again
All eight mobile providers showed decreases in their total monthly handle, but one thing remained a constant: FanDuel Sportsbook New York continues to lead the way.
FanDuel Sportsbook New York posted more than $347.70 million in total handle, a $121.5M drop from June’s $472.88M and its fourth consecutive decrease since $673.05M in March. That is FanDuel’s lowest month to date. Its total GGR posted at $38.99 million, its lowest since $23.16 million in February and a slight drop from $39.55M in June.
DraftKings Sportsbook New York recorded $213.49 million, its lowest since launch on Jan. 8 and a $56.7M drop from June’s $270.2 million in total handle. Its total GGR posted at $15.78 million, its lowest-ever.
Caesars Sportsbook New York rounded out the top three with a total handle of $118.2 million, a $38.2M drop from June’s $156.37M, marking the sixth consecutive decrease since January’s $627.40M. Its GGR snapped a three-month decrease streak, posting at $8.65M, up from June’s $6.29M.
Caesars, PointsBet Sportsbook New York, WynnBet Sportsbook New York and Resorts World Sportsbook New York all had GGR increases for July.
BetMGM Sportsbook New York generated more than $73.23 million in total handle, its lowest to date and a $19.2M decrease from June’s $92.43M. BetMGM’s start date was Jan. 17. Its total GGR was $6.27 million, a modest drop from June’s $6.32M.
Rush Street Interactive’s BetRivers Sportsbook New York rounded out the top five with $20.28 million in total handle, a $5.02M drop from June’s $25.3M. Its total GGR posted at $1.16M, also its lowest ever, from June’s $1.79M.
EmpireStakes.com monitors New York's sports betting revenue reports and also is a good source for NY betting promos.
A couple of bright spots to make note of:
New York’s official numbers for the week ending July 30 were also released with total mobile sports wagering handle of more than $177.77 million, a huge increase of $28M from the week before. The total mobile GGR generated more than $22.04M, up $9.73M from last week.
The NFL exhibition season started Thursday night.