NY Sports Betting Appears Headed for Record Month in Handle

NY Sports Betting Appears Headed for Record Month in Handle
Fact Checked by Pat McLoone

New York sports betting just missed its all-time weekly record in mobile handle and is well on its way to a new monthly recordas official figures for the week ending Jan. 22 were released Thursday.

More than $450.73 million was recorded for the week, an increase of more than $27.13 million from the week before. It also marked the fourth consecutive week it has gone above $400 million. The number was also the third-highest handle amount ever since the state’s Jan. 8 historic launch last year, according to the New York State Gaming Commission (NYSGC).

The state’s all-time number is more than $572.55 million for the week of Jan. 23, 2022. Second was $472.13 million for the week ending Feb. 13.

With onefull week left to be reported and with another $400 million likely, the number easily could go above $1.683 billion. That doesn’t include Jan. 1 and two days at the end of the month. A month eclipsing $1.7 billion sure is possible.

The state’s total Gross Gaming Revenue (GGR) set a new all-time mark with more than $57.45 million generated, easily breaking the record of more than $44.49 million for the week ending Dec. 11, 2022.

Weekly tax was more than $29.3 million.

New York sports betting apps are taxed at 51%, which is tied with New Hampshire for the highest figure in the United States.

New York Mobile Sports Betting, Jan. 16-22

Mobile handle GGR
FanDuel $182,396,200 $26,569,171
DraftKings $152,365,142 $20,241,157
Caesars $57,527,201 $6,077,120
BetMGM $32,475,913 $2,388,713
BetRivers $10,933,936 $1,141,395
PointsBet $10,363,777 $917,544
WynnBet $2,906,151 $107,705
Resorts World $1,529,606 Minus-$38,553
Bally Bet $237,186 $54,925
Totals $450,735,111 $57,459,178
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.

The Skinny on the Nine

Eight of the nine providers in the state posted mobile handle increases, except for PointsBet NY, which had a $6.15 million drop from more than $16.5 million the previous week.

Only two providers (WynnBet NY and Resorts World Bet NY) had decreases in their weekly GGR.

Fan Duel NY is still king with a new company record in the state of more than $182.39 million in total mobile handle, breaking its $181.21 million mark for the week ending Nov. 27. It also set a new total GGR record of more than $26.56 million.

Not to be outdone, DraftKings NY established two records: more than $152.36 million in handle and $20.24 million in total GGR. Sinch launch, DraftKings has generated just shy of $5 billion in total mobile handle. It will surpass $5 billion with the next weekly report.

Caesars Sportsbook NY posted more than $57.52 million in total mobile handle, its largest since $56.91 million was recorded for the week ending March 27, 2022. Its total GGR was above $6.07 million, its highest since $7.61 million was posted for the week ending March 13. To date, Caesars has generated more than $2.968 billion in mobile handle and should be over $3 billion with the state’s next reporting.

BetMGM recorded more than $32.47 million in total mobile handle, its largest since $36.25 million was set for the week ending April 10. 
NY BetRivers registered more than $10.93 million in handle, its second consecutive week above $10 million and third of the last four. The $1.14 million in total GGR was its largest ever recorded. 

Resorts World Bet in excess of $1.529 million in mobile handle, its highest since $1.82 million for the week ending Oct. 30.

Since launch, mobile sports betting in the Empire State has generated more than $17.577 billion in handle, $1.471 billion in GGR and $750.68 million in tax collection.

EmpireStakes.com provides frequent state revenue updates as well as the best NY betting promos.

Cumulative Totals, Jan. 8, 2022-Jan. 22, 2023

Mobile handle GGRTaxes
FanDuel $7,067,616,724 $714,445,124$364,367,013
Caesars $2,968,826,056 $224,882,001 $114,689,821
BetMGM $1,436,274,452 $85,337,604 $43,522,178
PointsBet $480,810,837 $28,362,825 $14,465,041
BetRivers $445,744,743 $24,299,166 $12,392,575
WynnBet $100,637,136 $6,354,957 $3,241,028
Resorts World $61,414,137 $3,077,151 $1,569,347
Bally Bet $6,469,766 $383,279 $195,472
Totals$17,577,086,903 $1,471,929,766 $750,684,181


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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