NY Sports Betting Handle Drops from Last Week, Up from 2022

NY Sports Betting Handle Drops from Last Week, Up from 2022
Fact Checked by Pat McLoone

Right as the long Memorial Day weekend is about to commence, the New York State Gaming Commission (NYSGC) on Thursday reported its latest weekly mobile New York sports betting figures.

Looks like the New York sports bettor could use a long reset as well.

For the week ending May 21, the state's total mobile handle eclipsed $307.27 million, about an $11 million drop from the week before ($318.36M), and total mobile Gross Gaming Revenue (GGR) posted at more than $18.91M, which was only half of the amount posted a week ago.

The total handle number marks the third consecutive weekly decrease since more than $374.19 million was handled for the week ending April 30. The GGR figure was the lowest since $11.99M was recorded for the week ending April 9.

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Handle Number Running Ahead of 2002

Compared to last year, the total handle was $46.12 million more than last year at this time ($261.15M, 5/22/22). The total weekly GGR reported was down more than 4.5M from a year ago ($23.48M, 5/22/22).

Weekly tax dropped considerably to $9.65M, a $9.26M decrease from $18.9M the week before.

Since launch in early January 2022, the Empire State has handled more than $23.746 billion, generated more than $2.022 billion in GGR, and paid out more than $1.031 billion in state taxes to Albany. Count on EmpireStakes.com to keep a close eye on revenue reports in the state and provide the best NY betting promos.

New York Mobile Sports Betting, May 15-21

 
Mobile handle GGR
FanDuel $123,958,471 $7,377,822
DraftKings $108,288,541 $7,072,715
Caesars $37,438,213 $2,370,464
BetMGM $21,444,742 $957,108
BetRivers $8,174,442 $693,189
PointsBet $4,954,054 $301,747
WynnBet $1,675,039 $85,225
Resorts World $932,478 $38,913
Bally Bet $410,126 $15,215
Totals $307,276,105 $18,912,398

 

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The Week in Review

Two providers – BetMGM NY and PointsBet - were the only NY betting apps to see increases in weekly handle.

BetMGM rose $2.08M to more than $21.44M. PointsBet, which also had an increase in its weekly GGR, had a mild increase of $893,214. It posted more than $4.95M, the highest since $5.08M was recorded for the week ending April 9.

DraftKings had a solid $8.17M decrease to $108.29M, its lowest since $101.98M was posted for the week ending April 16.

FanDuel NY, the runaway No. 1 operator, experienced a mild drop in handle but is pushing the $10 billion mark ($9,597.717,112) on cumulative handle since launch.

Resorts World Bet posted $932,478 in weekly handle, the first time it has been below $1 million since $781,640 for the week ending March 26. That ended a string of seven consecutive weeks above $1 million.

Here are the weekly handle totals for each operator.

  1. FanDuel NY: $123,958,471
  2. DraftKings NY: $108,288,541
  3. Caesars NY: $37,438,213
  4. BetMGM NY: $21,444,742
  5. BetRivers NY: $8,174,442
  6. PointsBet NY: $4,954,054 
  7. WynnBet NY: $1,675,039
  8. Resorts World NY: $1,011,185
  9. Bally Bet NY: $410,126

Cumulative Totals, Jan. 8, 2022-May 21, 2023

 
Mobile handle GGRTaxes
FanDuel $9,597,717,112 $987,654,398$503,703,743
DraftKings$7,066,393,138$558,563,865$284,867,571
Caesars $3,753,130,217 $275,544,328 $140,527,607
BetMGM $1,887,468,587 $118,300,732 $60,333,373
BetRivers $621,284,993 $34,058,497 $17,369,833
PointsBet $581,866,694 $34,626,347 $17,659,437
WynnBet $139,593,169 $8,466,616 $4,317,974
Resorts World $84,634,934 $4,341,680 $2,214,257
Bally Bet $14,787,087 $762,587 $388,919
Totals$23,746,875,928$2,022,319,052$1,031,382,716
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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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