New York Sports Betting Revenue Climbs During Week Ending Oct. 9

New York Sports Betting Revenue Climbs During Week Ending Oct. 9
By Lou Monaco
Fact Checked by Michael Peters

Mobile New York sportsbooks surpassed the $300 million mark in total mobile handle for the third consecutive week, and Gross Gaming Revenue (GGR) increased by more than $25.08 million from the week prior as official numbers for the week ending Oct. 9 were released by the New York State Gaming Commission (NYSGC) on Thursday.

NY betting apps posted more than $319.28 million, a slight $3.5 million decrease from the week prior ($322.44 million).

It also marked the fourth time in the last five weeks that $300M was eclipsed in the Empire State. Overall, the handle number has risen above $300 million 20 times since the state launched legalized sports wagering Jan. 8.

The state’s mobile sports wagering Gross Gaming Revenue (GGR) skyrocketed to more than $42.97 million,  the second-biggest figure for the state and the largest since more than $43.20 million was reported for the week ending Jan. 23.

New York officially launched mobile sports wagering with four providers Jan. 8. New York taxes sports betting at 51%, a rate shared by New Hampshire as the highest in the United States. This week, more than $21.91 million was collected by Albany, up from $9.12 million the week prior.

EmpireStakes.com provides frequent updates on the state’s handle and revenue reports and also is a strong source for NY sportsbook promos.

New York Mobile Sports Betting, Sept. 26-Oct. 9

Mobile handle GGR
FanDuel $123,884,383 $19,501,394
DraftKings $110,889,391 $14,012,922
Caesars $41,863,201 $5,304,036
BetMGM $21,062,818 $2,604,708
PointsBet $9,200,008 $395,195
BetRivers $8,781,480 $857,328
WynnBet $1,847,685 $141,148
Resorts World $1,389,540 $140,435
Bally Bet $368,045 $16,562
Totals $319,286,550 $42,973,728


Caesars, PointsBet Stand Out In Weekly Handle Numbers

Three of the nine mobile sportsbooks had handle increases from the week prior (Caesars New York, PointsBet NY and Resorts World NY).

Caesars posted more than $41.86 million in weekly handle, its largest since $43.07 million was recorded for the week ending Sept. 11.

PointsBet NY recorded more than $9.2 million in total handle, its largest figure since $12.97 was posted for the week ending May 8.

The state’s leading mobile provider — FanDuel — posted more than $123.88 million in total handle, marking the sixth consecutive week its handle has surpassed $100 million.

Since January, FanDuel has posted more than $4.785 billion in total mobile handle, generated more than $447.94 million in GGR and paid out more than $228.4 million in taxes.

DraftKings Sportsbook NY posted more than $110.88 million in total handle, marking the fourth time in the past five weeks it has eclipsed $100 million.

Rounding out the top five: Caesars ($41.86 million) came in third, BetMGM ($21.06 million) was fourth and PointsBet ($9.2 million) finished fifth.

Since mobile betting launched in the state Jan. 8, the nine operators combined have accounted for $11.94 billion in handle, more than $956.94 million in GGR and more than $488.04 million in taxes to Albany.

September huge for New York Handle, GGR

The NYSGC reported Wednesday the New York September sports betting handle (mobile and retail combined) was more than $1.265 billion, a huge 44.2% increase from August ($872.22 million).

Mobile was more than $1.256 billion, up 44.1% from August’s $872.23 million, and retail had an increase of more than $8.85 million, up 70.9% from August ($5.18 million).

Total sports betting revenue for September (Gross Gaming Revenue, mobile and retail combined) was more than $145.04 million, up 44% from August ($100.76 million).

Cumulative Totals, Jan. 8-Oct. 9

Mobile handle GGRTaxes
FanDuel $4,785,802,686 $447,947,607$228,453,280
DraftKings$3,137,935,576$235,404,559$120,056,325
Caesars $2,249,446,233 $171,583,347 $87,507,507
BetMGM $1,039,137,155 $57,551,917 $29,351,478
PointsBet $315,913,185 $20,661,006 $10,537,113
BetRivers $301,718,490 $16,321,346 $8,323,886
WynnBet $65,705,567 $5,046,865 $2,573,901
Resorts World $41,659,567 $2,190,060 $1,116,931
Bally Bet $3,509,320 $240,589 $122,700
Totals $11,940,827,778 $956,947,298 $488,043,121


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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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