New York Sports Betting Handle Back to Reality to Start October

New York Sports Betting Handle Back to Reality to Start October
Fact Checked by Michael Peters

After posting some of the highest numbers in state history last week, New York sports betting took a bit of a reality check as official figures were released for the week ending Oct. 8 on Thursday by the New York State Gaming Commission (NYSGC).

Mobile handle for the Empire State generated more than $393.53 million, a solid decline of $75.27 million from the week prior. It also snapped a four-week streak of more than $400 million posted. Total Gross Gaming Revenue (GGR) for the week saw a slight uptick to $30.9 million, a modest $4.07 million gain from the week prior ($26.84 million). Taxes collected by the state were $15.76 million, a $2.07 million increase from the week prior ($13.69 million). The New York sports betting 51% tax rate is tied with New Hampshire for the highest in the nation.

Since the launch of NY betting apps, the Empire State is inching closer and closer to the $30 billion mark in handle, as it has generated $29.642 billion in handle, $2.563 billion in GGR and $1.307 billion in taxes.

Must be 21+ to participate & present in NY. Gambling problem? Call (877-8-HOPENY) or text HOPENY (467369). Visit BetMGM.com for Terms & Conditions. US promotional offers not available in NY, NV, or Puerto Rico.

New York Mobile Sports Betting, Week Ending Oct. 8

Mobile handle GGR
FanDuel $160,627,538 $12,077,943
DraftKings $140,058,063 $12,639,646
Caesars $40,903,887 $2,584,993
BetMGM $23,621,732 $1,488,464
BetRivers $17,498,546 $1,320,360
PointsBet $6,155,161 $304,759
WynnBet $2,733,987 $176,552
Resorts World $1,934,663 $327,496
Bally Bet $0 $0
Totals $393,533,576 $30,920,214

Weekly tax: $15,769,309

Must be 21+ to participate & present in NY. Gambling problem? Call (877-8-HOPENY) or text HOPENY (467369). Visit BetMGM.com for Terms & Conditions. US promotional offers not available in NY, NV, or Puerto Rico.

FanDuel Overtakes DraftKings for the Week

FanDuel NY, the stateā€™s No. 1 overall provider, regained the top weekly spot posting $160.62 million for its sixth straight week over $120 million. DraftKings, which posted its largest weekly handle ($196.1 million) the prior week, came down a bit to $140.05 million.

The remaining handles: Caesars ($40.90 million), BetMGM ($23.62M), BetRivers ($17.49M), PointsBet ($6.15M), WynnBet NY ($2.73M) and Resorts World ($1.93M, sixth straight week over $1M). BallyBet is transitioning to a new platform and has not been on the weekly report for 15 straight weeks.

Week 6 of the NFL season started Thursday night as Kansas City (5-1) upended Denver (1-5), 19-8. The New York Jets (2-3) will host their neighbors down the New Jersey Turnpike, the Philadelphia Eagles (5-1), at 4:25 p.m., Sunday, and the New York Giants (1-4) will visit their neighbors upstate, the Buffalo Bills (3-2), at 8:20 p.m., Sunday night (NBC).

The Bills Super Bowl odds are the fourth-best in the NFL at +850. San Francisco has the top title odds at +400.

Must be 21+ to participate. T&Cs apply.

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

Mobile handle GGRTaxes
FanDuel$11,873,889,086$1,233,306,312$628,986,219
DraftKings$9,356,015,206$754,040,184$384,560,494
Caesars $4,381,001,841 $320,911,574 $163,664,903
BetMGM $2,256,044,141 $150,143,060 $76,572,961
BetRivers $807,683,968 $47,608,392 $24,280,280
PointsBet $666,497,060 $40,319,744 $20,563,069
WynnBet $178,196,013 $10,472,775 $5,341,115
Resorts World $107,114,152 $5,991,014 $3,055,417
Bally Bet $16,370,924 $917,669 $468,011
Totals$29,642,812,389$2,563,710,727$1,307,492,471

quote

Author

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.

Cited by leading media organizations, such as: