New York Sports Betting Numbers Up in Handle, Revenue Over Last Week

New York Sports Betting Numbers Up in Handle, Revenue Over Last Week

By Lou Monaco

Fact Checked by Pat McLoone

New York sports betting numbers for the week ending April 24 showed the largest gross gaming revenue (GGR) and second-highest handle of the month, according to official figures released Friday by the New York State Gaming Commission (NYSGC).

For the week of April 18-24, New York bettors wagered $334.49 million in total mobile handle. That is an increase of more than $21 million from the week earlier ($313.2 million) and just short of the $335.8 million posted for the week ending April 12.

Total GGR for the state marked its second consecutive $30 million-plus number at $36.46 million, a slight increase of more than $3.2 million from its last report of $33.22 million.

New York online sports wagering operators since the launch of mobile betting (Jan. 8) have combined for a handle of just shy of $6 billion and a GGR of more than $412.34 million.

New York, which shares the nation’s highest tax rate with New Hampshire at 51%, has collected more than $210.29 million in taxes.

New York Mobile Sports Betting, April 18-24

 
Mobile handle GGR
FanDuel $145,319,117 $21,188,729
DraftKings $78,153,044 $7,165,122
Caesars $54,234,037 $3,929,040
BetMGM $32,460,692 $2,399,108
PointsBet $10,475,477 $858,915
BetRivers $9,798,123 $679,843
WynnBet $2,307,443 $127,273
Resorts World $1,740,711 $111,536
Totals $334,488,644 $36,459,567

A Look at How Top Four Providers Fared

FanDuel Sportsbook New York continues to show its strength in New York sports betting with $145.32 million in total weekly handle, an increase of more than $13.5 million from last week’s report of $131.79 million. Its weekly GGR ($21.18 million) was up ever so slightly, from $22.08 million the week before.

Since Jan. 8, FanDuel has posted $2.24 billion in year-to-date total handle, with a revenue of $165.06 million and taxes to the state at $84.18 million.

DraftKings Sportsbook New York bounced back after a down week. It had an increase to $78.15 million, up from last week’s $72.11 million, its lowest handle since the first two days of launch ($38.5 million). Its weekly GGR increased to $7.17 million. DraftKings has posted more than $1.45 billion in total handle, $99.88 million in GGR and $50.94 million in taxes to the state.

Caesars Sportsbook New York reported $54.23 million in total handle, up from $49.87 million the previous week. Its weekly GGR was $3.92 million. Caesars is the third provider to handle more than $1 billion overall and is now at more than $1.4 billion. It also has generated a total GGR of $110.6 million and $56.4 million in taxes to Albany.

Rounding out the top four is BetMGM Sportsbook New York, which posted a handle of $32.46 million, an uptick from $31 million last week. Its total GGR posted at $2.4 million. To date, BetMGM has handled $527.9 million in the state with $17.25 million in revenue and $8.8 million in taxes.

The other online operators in New York came in behind the top four in this order: PointsBet Sportsbook New York ($10.48 million handle), BetRivers Sportsbook New York ($9.8 million), WynnBet Sportsbook New York ($2.3 million) and Resorts World Sportsbook New York ($1.74 million).

Bally Bet New York, the lone licensed mobile provider not yet live, was expected to launch sometime during the month of April. With one day left in April, it does not look like it will happen. A May launch is more likely.

In the meantime, EmpireStakes.com will be reporting on news about Bally’s and other operators, and also provides the best  New York sports betting promo codes.

Cumulative Totals, Jan. 8-April 24

 
Mobile handle GGRTaxes
FanDuel $2,244,682,880 $165,059,215 $84,180,200
DraftKings $1,453,214,846 $99,875,936 $50,936,727
Caesars $1,402,648,434 $110,630,586 $56,421,599
BetMGM $527,856,497 $17,248,909 $8,796,944
PointsBet $175,389,320 $9,922,885 $5,060,671
BetRivers $142,865,558 $6,263,853 $3,194,565
WynnBet $22,224,124 $2,462,389 $1,255,818
Resorts World $9,122,369 $879,424 $448,506
Totals $5,978,004,027 $412,343,197 $210,295,030

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WRITTEN BY
EmpireStakes.com
Lou Monaco
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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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.
... Read More