New York Sports Betting Continues Weekly Seasonal Decline in Handle

New York Sports Betting Continues Weekly Seasonal Decline in Handle
By Lou Monaco
Fact Checked by Pat McLoone

The spring/summer doldrums of Sports Betting New York wagering provided another week of decreased total handle.

That word came Friday as official figures for the week ending June 12 were released by the New York State Gaming Commission (NYSGC).

However, Total Gross Gaming Revenue (GGR) bounced back by more than $10 million dollars after posting its lowest of the year — $10.77 million — just one week ago.

NY Betting Apps have been hopping in the Empire State since they launched Jan. 8.

Bally Bet Sportsbook New York is the only approved provider of the initial nine that has yet to launch.

Both spring and summer usually are slow months in sports wagering as all bettors await the start of college football and the NFL. Now, though, throw in the rising costs of products and services and the uncertainty of the U.S economy, which could be the ultimate factor moving forward.

New York Mobile Sports Betting, June 6-12

 
Mobile handle GGR
FanDuel $109,067,611 $8,814,679
DraftKings $65,549,965 $6,136,253
Caesars $37,099,241 $2,969,373
BetMGM $22,813,479 $2,820,667
BetRivers $5,470,900 $483,505
PointsBet $5,134,908 $234,820
WynnBet $1,582,547 $177,910
Resorts World $1,526,765 $82,296
Totals $248,245,416 $21,719,501

 

Second Straight Week of Decreased Handle

The Empire State’s weekly handle of more than $248.25 million was the second consecutive week of lower handle from when more than $271.88 million was posted for the week ending May 29.

The number also marked the lowest of the year since statewide online sports wagering started in the state in early January. The former low for handle occurred the first week of online operation ending Jan. 9 (two days of reporting) at more than $171.29 million.

PointsBet Has Increases in Handle and GGR; All 8 Up in GGR

PointsBet Sportsbook New York was the lone provider of the week to have increases in total handle and GGR from the week before.

Total handle for PointsBet posted at more than $5.13 million, an $871,210 increase from more than $4.26 million for the week ending June 5. Its’ total GGR posted at $234,820, a $108,211 increase from $126,609 from the week before.

The seven other providers all posted decreases in handle from the week before and all eight posted weekly increases in total GGR.

Fan Duel Sportsbook New York retained its weekly hold on the top spot in the state, posting more than $109.07 million in total handle and more than $8.8 million in total GGR.

DraftKings Sportsbook New York was second in both categories with a handle of more than $65.55 million and GGR of more than $6.14 million.

Rounding out the top four are: Caesars Sportsbook New York, $37.1 million handle and $2.97 million in GGR, and BetMGM Sportsbook New York, more than $22.81 million, with more than $2.82 million in GGR.

In New York, mobile sports wagering GGR is taxed at 51%. 

Cumulative Totals, Jan. 8-June 12

 
Mobile handle GGRTaxes
FanDuel $3,107,718,355 $250,209,041$127,606,611
DraftKings $1,943,247,912 $130,754,199$66,684,641
Caesars $1,700,882,468 $126,770,539 $64,652,975
BetMGM $715,645,161 $28,186,658 $14,375,196
PointsBet $226,699,171 $13,248,970 $6,756,975
BetRivers $192,205,396 $9,202,610 $4,693,331
WynnBet $36,753,239 $3,469,836 $1,769,616
Resorts World $20,162,347 $1,102,900 $562,479
Totals $7,943,314,046 $562,944,755 $287,101,825
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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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