New York Weekly Mobile Handle Remains Steady Above $300M

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.

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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.