New York Ends 2022 with a Splash in Weekly Report

New York Ends 2022 with a Splash in Weekly Report
By Lou Monaco
Fact Checked by Pat McLoone

Just two days before the one-year anniversary of the historic launch of legalized mobile New York sports betting, the state reported one of its biggest handles ever.

The figures were released Friday afternoon by the New York State Gaming Commission (NYSGC) for the week ending Jan. 1.

Sunday, Jan. 8 marks the one-year anniversary as BetMGM NY, Caesars NY, DraftKings NY and FanDuel NY were the first four of nine mobile sportsbooks to launch in the state.

Sportsbooks took in $410.81 million in total mobile handle, an impressive $58.21 million increase from $352.61 million a week ago.

The weekly number was the highest since $429.26 million was reported for the week ending Nov. 27 and marked the sixth highest-ever weekly handle in the state.

It looks like betting on the holidays is a thing in the Empire State.

Eight of the nine New York sports apps posted increases in handle except for BetMGM, which had a minor decrease.

However, seven providers notched decreases in their total Gross Gaming Revenue (GGR), with more than $23.9 million coming back to the books. A week earlier, the GGR was more than $37.8 million.

Taxes back to the state posted at $12.2 million, a $7.07 million drop from the week before. The Empire State has a 51% tax rate, which is tied for the highest in the nation with New Hampshire.

In 51 weeks, mobile sports wagering has generated more than $16.282 billion in handle, $1.356 billion in GGR and $691.83 million in state taxes.

Keep in mind EmpireStakes.com has frequent coverage of state sports betting revenue reports, as well as the best New York sportsbook promo codes.

New York Mobile Sports Betting, Dec. 26, 2022-Jan. 1, 2023

 
Mobile handle GGR
FanDuel $160,249,037 $12,412,468
DraftKings $126,510,191 $7,093,232
Caesars $52,983,703 $2,683,230
PointsBet $29,852,301 $150,057
BetMGM $26,966,613 $1,226,087
BetRivers $10,494,789 $342,416
WynnBet $2,187,065 Minus-$72,623
Resorts World $1,380,134 $85,174
Bally Bet $193,597 $5,188
Totals $410,817,431 $23,925,229

Record Week for PointsBet

PointsBet NY had its biggest week ever in the Empire State.

After posting more than $10.4 million for the week ending Dec. 25, PointsBet nearly tripled its handle, reporting more than $29.85 million. That is the largest handle PointsBet has posted in 49 weeks of recording.

FanDuel NY continued its dominance in the New York market, posting $160.25 million. The remaining top five are: DraftKings NY ($126.51 million), Caesars NY ($52.98 million), PointsBet ($29.85 million) and BetMGM NY ($26.97 million).

New York’s official December monthly figures should be released sometime next week in honor of the state’s first-year anniversary.

Cumulative Totals, Jan. 8, 2022-Jan. 1, 2023

 
Mobile handle GGRTaxes
FanDuel $6,554,810,375 $653,618,550$333,345,461
DraftKings$4,554,504,371$350,360,718$178,683,966
Caesars $2,807,215,282 $214,175,566 $109,229,539
BetMGM $1,348,100,767 $80,277,442 $40,941,495
PointsBet $446,235,536 $26,388,552 $13,458,162
BetRivers $414,256,911 $22,454,264 $11,451,675
WynnBet $93,334,467 $6,003,592 $3,061,832
Resorts World $57,844,618 $2,935,087 $1,496,894
Bally Bet $5,840,682 $321,814 $164,125
Totals$16,282,143,008 $1,356,535,587 $691,833,149

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Contributors

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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