New York Weekly Mobile Handle Remains Steady Above $300M

New York Weekly Mobile Handle Remains Steady Above $300M
Fact Checked by Pat McLoone

Another handle increase was registered this week in mobile New York sports betting.

Official weekly figures for the week ending Oct. 16 were released Thursday by the New York State Gaming Commission (NYSGC).

For the fourth consecutive week, mobile sports wagering surpassed the $300 million mark in total handle. It has gone over that figure in five of the last six weeks.

NY sports betting apps posted more than $323 million, an increase of $3.71 million from the week before ($319.29 million). Overall, the handle number has risen above $300 million 21 times since the state launched legalized sports wagering Jan. 8.

The state’s mobile sports wagering Gross Gaming Revenue (GGR) decreased by more than $5.72 million to more than $37.24 million from the previous week ($42.97 million). Last week’s GGR marked the second-biggest figure for the state and the largest since more than $43.20 million was reported for the week ending Jan. 23.

More than $21.91 million in state taxes was collected by Albany. New York taxes sports betting at 51%. That is tied with New Hampshire as the highest in the United States.

Stay connected to EmpireStakes.com for stories on sports wagering as well as the best NY betting promos.

New  York Mobile Sports Betting, Sept. 26-Oct. 16

 
Mobile handle GGR
FanDuel $126,603,133 $20,231,312
DraftKings $114,322,412 $10,172,499
Caesars $39,938,492 $3,321,993
BetMGM $22,251,483 $1,950,476
BetRivers $8,418,538 $690,995
PointsBet $7,816,243 $738,856
WynnBet $1,919,436 $71,788
Resorts World $1,447,348 $87,526
Bally Bet $287,278 Minus-$15,449
Totals $323,004,364 $37,249,996

 

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FanDuel Increases in Handle, GGR

Five of the nine mobile operators in the Empire State had weekly increases in total mobile handle: FanDuel Sportsbook New York, BetMGM Sportsbook New York, DraftKings Sportsbook New York, WynnBet Sportsbook New York and Resorts World Sportsbook New York.

FanDuel, the runaway leader among state sportsbooks, was the only provider to enjoy slight increases in both handle ($126.6 million, seventh consecutive week over $100 million) and GGR ($20.23 million). Since launch, FanDuel is nearing an imposing $5 billion in handle. Its total GGR is more than $468.17 million, and taxes to the state have eclipsed $238.77 million.

The rest of the weekly top five are: No. 2 DraftKings ($114.32 million handle, $10.17 GGR); No. 3 Caesars ($39.94 million handle, $3.32 million in GGR); No. 4 BetMGM ($22.25 million handle, $1.95 million GGR) and No. 5 NY BetRivers ($8.42 million handle, $690,995 GGR).

Since mobile betting launched, the nine operators combined have accounted for $12.263 billion in handle, more than $994.19 million in GGR and more than $507.04 million in taxes to Albany.

Cumulative Totals, Jan. 8-Oct. 16

 
Mobile handle GGRTaxes
FanDuel $4,912,405,819 $468,178,919$238,771,249
DraftKings$3,252,257,988$245,577,058$125,244,300
Caesars $2,289,384,725 $174,905,341 $89,201,724
BetMGM $1,061,388,638 $59,502,393 $30,346,220
PointsBet $323,729,428 $21,399,862 $10,913,930
BetRivers $310,137,028 $17,012,341 $8,676,294
WynnBet $67,625,003 $5,118,653 $2,610,513
Resorts World $43,106,915 $2,277,586 $1,161,569
Bally Bet $3,796,598 $225,140 $114,821
Totals $12,263,832,142 $994,197,294 $507,040,620
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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.

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