The last week in February proved to be a catalyst heading into the crazy month of March for Betting Apps NY mobile providers.
Figures released by the New York State Gaming Commission (NYSGC) Friday showed mobile sports wagering handle posted at $350.3 million for Feb. 21-27, a modest drop from $353.43 million the week before. It marked the seventh consecutive week total handle has exceeded the $350 million mark.
There was a mild drop from the week before in overall mobile Gross Gaming Revenue (GGR). The GGR came in at $25.34 million, down from $25.44 million. This was the second week in a row and third of the last four in which the total GGR was more than $25 million.
From Jan. 8 through Feb. 27, overall handle for all providers stands at $3.16 billion, with GGR at $204.69 million and taxes to the state at $104.39 million.
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NEW YORK MOBILE SPORTS BETTING, FEB. 21-27
HOW THE SPORTSBOOKS FARED
Let’s take a quick look at how the seven live sportsbooks fared:
FanDuel New York was No. 1 for the fifth consecutive week with a handle of a little less than $132 million, a smidge above last week’s total of $130.62 million. Its GGR was $10.44 million, down from $12.3 million a week ago. FanDuel became the first provider in the state to break the $1 billion mark to date ($1.07 billion), with a GGR of $50.26 million and taxes to the state at $25.63 million.
DraftKings New York was runner-up for the week and posted a mobile handle of $87.38 million, down $6.5 million from last week’s number of $93.87 million. Its GGR was $7.36 million, up from $4.46 million a week ago. For the period of Jan. 8-Feb. 27, DraftKings has generated $757.62 million in handle, with a GGR of $58.93 million and $30 million in taxes to the state.
Caesars Sportsbook New York finished third for the week with $68.27 million in handle, up from last week’s total of $65.81 million. Its GGR was its lowest so far at $4.03 million. From Jan 8-Feb 27, Caesars' total handle came in at $943.95 million (second among all providers), with a GGR of $78.7 million and $40.2 million in taxes to the state.
BetMGM, which launched on Jan. 17, posted $37.84 million in handle for the week, with a GGR of $1.91 million. From Jan. 8-Feb. 27, BetMGM has posted a total handle of $232.5 million with a GGR of $7.34 million and $3.74 million to Albany.
Launched on Jan. 25, PointsBet New York celebrated its first month of live operation with $14.36 million in total handle, a slight increase from $13.82 million a week ago. Its GGR for the week was $691,921. Its total handle from Jan. 8 to date is a smidge short of $82 million with $5.67 million in GGR and $2.89 million to the state.
BetRivers New York posted $8.48 million in handle for the week, with a GGR of $598,149. Its total to date is $69.6 million in handle, $3 million in GGR and $1.54 million in taxes.
In week four of their reporting, WynnBET, which launched on Feb. 4, had its highest handle at $2 million. Its GGR posted at $311,265, up from $212,059 a week ago. To date, WynnBet has a handle of close to $5 million ($4.86M), $731,043 in GGR and $372,832 in taxes.
CUMULATIVE TOTALS, JAN. 8-FEB. 27
STATUS OF LAST 2 PROVIDERS
The NYSGC selected nine mobile operators to be licensed back on Nov. 8. Seven, as noted above, are reporting their handle, GGR and taxes weekly.
Resorts World New York launched its mobile sports betting platform (Resorts World Bet) on Thursday to become the eighth provider in the state to go live.
That leaves one provider — BallyBet New York, which is expected to launch next month.