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 best New York sportsbook promo codes.
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.
