The start of March Madness is six days away and the month has started in fine fashion for New York sports betting providers.
Official figures released by the New York State Gaming Commission (NYSGC) Friday afternoon showed mobile sports wagering handle with a slight increase to $359.49 million for the week ending March 6, up from $350.3 million the previous week. The number marked the eighth consecutive week that the state’s total handle has exceeded the $350 million mark.
Overall mobile Gross Gaming Revenue (GGR) had a solid jump to just short of $33 million, a $7.6 million increase from $25.34 million. This was the third week in a row and fourth in the last five in which the total GGR was more than $25 million.
February mobile betting figures (the second month of live operation in the state) officially posted at $1,534,078,893 in total handle (mobile $1,527,568,253, only $6,510,640 in retail) with a GGR of $82,149,599.
The low retail handle of $6.5 million is down 60.6% from January ($16.5) million. That is a result of the dawn of mobile betting and a major cause for concern for the four upstate retail casinos.
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NEW YORK MOBILE SPORTS BETTING, FEB. 28-MARCH 6
HOW THE SPORTSBOOKS FARED
Let’s take a quick look at how the seven live sportsbooks fared:
FanDuel New York was tops on the betting charts for the sixth consecutive week, posting its third highest handle week since launch at $145.62 million, up from $131.99 million. Its GGR was its highest since launch at $18.01 million, up from $10.44 million a week ago. Its February total handle is a little more than $568 million with $29.95 million in GGR.
DraftKings New York was again runner-up for the week and posted a mobile handle of $91.89 million, up from $87.38 million a week ago. Its GGR was a smidge down to $6.7 million from $7.36 million last out. For February, DraftKings has generated $387.6 million in handle, with a GGR of $23.2 million.
CUMULATIVE TOTALS, JAN. 8-MARCH 6
Caesars Sportsbook New York finished third for the week with a decrease to $64.83 million, down from last week’s $68.27 million. Its GGR was $5.41 million, up from the lowest to date so far at $4.03 million a week ago.
BetMGM New York posted $38.90 million, up a bit from last week’s $37.84 million in handle. Its GGR was $1.20 million. From Jan. 8-March 6, excluding Feb. retail, BetMGM has posted a total handle of $271.4 million with a GGR of $8.54 million and $4.36 million in taxes.
BetRivers New York posted $8.85 million in handle for the week, with a GGR of $549,318.
PointsBet New York posted $6.30 million in total handle, with GGR for the week at $717,963.
WynnBET, which launched on Feb. 4, posted $2.35 million in total handle. Its GGR posted at $304,816. To date, WynnBet has a handle of close to $7.20 million in handle, $1.036 million in GGR and $528,288 in taxes.
Resorts World New York only recently started and BallyBet New York is expected to launch next month.
This story has been updated to include February retail figures.