March Madness Winding Down Means Dip for NY Sports Betting

March Madness Winding Down Means Dip for NY Sports Betting
Fact Checked by Pat McLoone

March Madness will conclude on Monday with the national championship game and nine mobile NY sportsbooks will be bracing for the next five months, awaiting the start of the pro and college football seasons.


The New York State Gaming Commission (NYSGC) released official weekly figures for the week ending March 26 on Thursday, and after the second-highest combined handle ever recorded a week ago, the state took a nosedive.

New York recorded more than $362.65 million in total mobile handle, a significant $97.32 million drop from about $460 million a week ago. That ended a three-week run of more than $400 million handled.

The state's total mobile Gross Gaming Revenue (GGR) did respond on a huge note, however, recording the third-highest number for any week since launch on Jan. 8, 2022. The GGR posted at more than $43.76 million - a $4.58 million increase from the week before.

Weekly tax collected by Albany: $22.32 million, a $2.34 million bump from last week's $19.98 million.

As a reminder, New York's tax rate of 51% is tied with New Hampshire for the highest in the United States. 
Since launch, the state has handled more than $21.027 billion, generated more than $1.75 billion in total GGR and has collected more than $894 million in taxes for the state.

New York Mobile Sports Betting, March 20-26

Mobile handle GGR
FanDuel $155,675,750 $24,452,581
DraftKings $116,267,097 $12,199,921
Caesars $46,138,033 $3,771,022
BetMGM $24,507,583 $1,880,917
BetRivers $11,340,422 $744,965
PointsBet $5,334,340 $543,429
WynnBet $1,923,099 $49,620
Resorts World $781,640 $108,517
Bally Bet $691,370 $13,932
Totals $362,659,334 $43,764,904


Weekly Nuggets on NY Sports Betting

Eight of the nine mobile apps had decreases in handle. Only BallyBet New York had increases in both total handle and GGR.

Four other providers had GGR increases: FanDuel Sportsbook New York, Caesars Sportsbook New YorkPointsBet Sportsbook NY and Resorts World New York.

DraftKings Sportsbook New York had a $37.8 million decrease to $116.26 million in handle from a week ago.

WynnBet Sportsbook New York dropped to $1.92 million in total handle, the first time it has been below $2 million since $1.74 million for the week ending Dec. 25.

The top five providers for the week in mobile handle:

  1. FanDuel ($155.68 million)
  2. DraftKings ($116.27 million)
  3. Caesars ($46.14 million)
  4. BetMGM ($24.51 million)
  5. BetRivers ($11.34 million)

Stay tuned to for frequent revenue updates, as well as for the best NY betting promos.

Cumulative Totals, Jan. 8, 2022-March 26, 2023

Mobile handle GGRTaxes
FanDuel $8,497,617,611 $854,030,091$435,555,346
Caesars $3,425,701,600 $250,031,560 $127,516,096
BetMGM $1,674,476,647 $104,249,394$53,167,191
PointsBet $544,622,440 $32,142,527 $16,392,689
BetRivers $539,694,451 $30,352,640 $15,479,846
WynnBet $123,181,231 $7,406,823 $3,777,480
Resorts World $72,724,533 $3,915,889 $1,997,103
Bally Bet $10,648,093 $601,291 $306,658
Totals$21,027,068,548 $1,753,034,356 $894,047,522
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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 ( 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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