NY Betting Handle Nears All-Time Weekly Record as September Closes

NY Betting Handle Nears All-Time Weekly Record as September Closes
Fact Checked by Michael Peters

The third highest mobile New York betting apps handle number ever and the highest thus far this year for the Empire State were announced Thursday, as official figures were released for the week ending Oct. 1 by the New York State Gaming Commission (NYSGC).

Mobile handle was $468.8 million, a huge $40.46 million jump from the previous week and was the third highest, outdone by the $472.13 million for the week ending Feb. 13, 2022 (Super Bowl) and $572M from the week ending Jan 23, 2022 (NFL Divisional Round Playoffs). It is also the fourth consecutive week above $400 million.

Total Gross Gaming Revenue (GGR) for the week took a downward turn to $26.84 million, a $9.07 million drop. State taxes collected were $13.69 million, a $4.67 million drop from the week prior ($18.31 million). The New York sports betting 51% tax rate is tied with New Hampshire for the highest in the nation. Since launch, the Empire State has compiled more than $29.249 billion in handle, $2.532 billion in GGR and $1.291 billion in taxes. EmpireStakes.com reports weekly on handle and revenue.

Must be 21+ to participate & present in NY. Gambling problem? Call (877-8-HOPENY) or text HOPENY (467369). Visit BetMGM.com for Terms & Conditions. US promotional offers not available in NY, NV, or Puerto Rico.

New York Mobile Sports Betting, Week Ending Oct. 1

Mobile handle GGR
DraftKings $196,107,171 $10,357,549
FanDuel $176,812,907 $15,921,095
Caesars $42,643,120 $89,699
BetMGM $24,250,721 $710,365
BetRivers $18,222,042 Minus-$505,562
PointsBet $6,004,846 $298,684
WynnBet $2,862,482 $6,423
Resorts World $1,900,427 Minus-$32,434
Bally Bet $0 $0
Totals $468,803,716 $26,845,819

Weekly tax: $13,691,368

Must be 21+ to participate & present in NY. Gambling problem? Call (877-8-HOPENY) or text HOPENY (467369). Visit BetMGM.com for Terms & Conditions. US promotional offers not available in NY, NV, or Puerto Rico.

DraftKings, BetRivers Post Highest Weekly Handles

Two companies saw their highest weekly handle numbers since the state launched on Jan. 8, 2022. DraftKings New York remained tops for the week with over $196.1 million, its largest ever, and a $20 million increase from the week prior ($176 million). BetRivers generated $18.2 million in handle, its largest ever, and a $6.68 million increase from the week prior.

FanDuel NY, the stateā€™s No. 1 overall provider, posted $176.81 million in weekly handle, a solid $16.6 million increase from the week before and its fifth straight week over $120 million.

The remaining handles: Caesars ($42.64 million), BetMGM ($24.25M), PointsBet ($6M), WynnBet ($2.86M) and Resorts World ($1.9M, fifth straight week over $1M). BallyBet is transitioning to a new platform and has not been on the weekly report for 14 straight weeks.

Tonight begins Week 5 of the NFL season as Chicago (0-4) visits Washington (2-2) in a key NFC battle (Amazon Prime Video, 8:15). The Buffalo Bills Super Bowl odds are the best of the New York teams at +700, tied for the third in the league with Philadelphia.

Cumulative Totals, Jan. 8, 2022-Oct. 1, 2023

Mobile handle GGRTaxes
FanDuel$11,713,261,548$1,221,228,369$622,826,468
DraftKings$9,215,957,143$741,400,537$378,114,274
Caesars $4,340,097,954 $318,326,581 $162,346,556
BetMGM $2,232,422,410 $148,654,596 $75,813,844
BetRivers $790,185,422 $46,288,032 $23,606,896
PointsBet $660,341,898 $40,014,985 $20,407,642
WynnBet $175,462,027 $10,296,223 $5,251,074
Resorts World $105,179,489 $5,663,518 $2,888,394
Bally Bet $16,370,924 $917,669 $468,011
Totals$29,249,278,812$2,532,790,513$1,291,723,162

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Author

Lou Monaco

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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