New York Surpasses Handle of $19B Since Jan. 2022 Launch

Solid increases in weekly mobile handle and Gross Gaming Revenue (GGR) for  New York sports betting were reported Friday morning by the New York State Gaming Commission (NYSGC), resulting in yet another milestone.

The Empire State handled more than $353.84 million for the week ending Feb. 26, a $14.27 million increase from $339.57 million the week before.

The amount pushed the total handle over the $19 billion mark since NY betting apps launched on Jan. 8, 2022.

This is the 23rd consecutive week the state has recorded a total mobile handle of more than $300 million.

Mobile Gross Gaming Revenue (GGR) totaled more than $28.4 million, a modest $5.36 million jump from the previous week (more than $23 million).

State tax collected: 14,485,295, a $2.73 million bump from more than $11.74 million last week. Sports wagering is taxed at 51%, a rate tied with New Hampshire for the highest in the nation.

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Increases for State’s Two Dominant Players

Six of the state’s nine mobile providers had weekly handle upticks and seven had  jumps in GGR.

The state's two dominant providers - FanDuel NY and DraftKings NY - each enjoyed solid increases in both.

FanDuel NY remained atop the weekly leaderboard, handling more than $146.47 million, a nice $9.44 million bump from $137.03 million the previous week.

DraftKings NY rebounded with $115.04 million in handle, better than $110.79 million the week before.

Rounding out the top five: No. 3 Caesars Sportsbook NY ($46 million handle, $2.98 million GGR); No. 4 BetMGM ($25.75 million handle, $2.41 million GGR) and No. 5 BetRivers ($9.28 million handle, $635,660 GGR).

New York has generated more than $19.350 billion in handle, posted more than $1.603 billion in GGR and has picked up more than $817.96 million in taxes.

With March Madness starting in less than two weeks and with the New York Knicks, New York Rangers and New York Islanders all jockeying for playoff berths, the state should maintain these levels in the near future.