NY Sports Betting Handle Stays Above $300M but Drops from Last Week

NY Sports Betting Handle Stays Above $300M but Drops from Last Week
By Bill Ordine
Fact Checked by Pat McLoone

For the week ending Nov. 13, just about the entire roster of online New York sportsbooks was down in both handle and gross gaming revenue (GGR), led by DraftKings, which saw a dip in handle of more than $7 million.

New York’s online bookmakers had their lowest total for handle in almost a month and the lowest total in gross gaming revenue (GGR) in more than a month.

The handle for the nine operators for the week ending Nov. 13 was $340 million, the lowest since the week ending Oct. 16 ($323 million). The GGR came in at $31.27 million, the lowest since the week ending Oct. 2 ($17.9 million).

The number staying above $300 million did keep up a recent trend. Here is a week-by-week look:

  • Week ending Sept. 25: $301.6M
  • Week ending Oct. 2: $322.4M
  • Week ending Oct. 9: $319.3M
  • Week ending Oct. 16: $323.0M
  • Week ending Oct. 23: $365.7M
  • Week ending Oct. 30: $345.3M
  • Week ending Nov. 6: $353.3M
  • Week ending Nov. 13: $339.9M

New York Mobile Sports Betting, Nov. 7-13

 
Mobile handle GGR
FanDuel $140,138,146 $17,345,960
DraftKings $111,109,051 $7,944,657
Caesars $43,716,729 $3,154,889
BetMGM $24,669,126 $1,799,948
PointsBet $8,875,038 $496,255
BetRivers $7,728,115 $485,492
WynnBet $2,058,045 $435
Resorts World $1,439,987 $48,267
Bally Bet $183,012 Minus-$5,518
Totals $339,917,250 $31,270,384

As mentioned, among the operators, DraftKings Sportsbook NY had the steepest drop in handle week-over-week with a decrease of $7 million.

Two operators bucking the trend on the statewide downward numbers were WynnBET NY and Resorts World NY. 

WynnBet NY, with about $2.058 million in handle, had just a $26,638 increase in wagers taken from the previous week. Meanwhile, for GGR, WynnBet dropped to just $435 from more than $142,000 the previous week.

Resorts World NY was the only operator up in both handle and GGR. Resort World’s handle of $1.44 million was close to a $300,000 increase from the week before. And in GGR, Resorts World reported a turnaround from a weekly loss of about $161,000 to a win of about $48,000.

The weekly tax haul for the state was $15,947,896. New York has a 51% tax rate, which is highest in the nation, along with New Hampshire.

Overall, FanDuel, the consistent money leader in New York, showed more than $140 million in handle and a GGR of more than $17.3 million.

DraftKings had more than $111.1 million in handle and almost $8 million in GGR.

The rest were: Caesars Sportsbook NY, $43.71 million handle, $3.2 million GGR; BetMGM, $24.7 million handle, $1.8 million GGR; PointsBet, $8.9 million handle, $496,255 GGR; BetRivers, more than $7.7 million handle, $485,492 GGR; WynnBet, 2.06 million handle, $435 GGR; Resorts World, $1.4 million handle, $48,267 GGR, and Bally Bet, $183,012 handle, Minus-$5,518 GGR.

EmpireStakes.com monitors state revenue reports and also is a good source for NY sportsbook promo codes.

Cumulative Totals, Jan. 8-Nov. 13

 
Mobile handle GGRTaxes
FanDuel $5,481,198,433 $538,660,169$274,716,686
DraftKings$3,721,848,181$284,044,515$144,862,703
Caesars $2,466,200,729 $190,569,853 $97,190,625
BetMGM $1,162,532,592 $67,088,690 $34,215,232
PointsBet $360,074,685 $23,882,383 $12,180,015
BetRivers $346,606,942 $19,390,557 $9,889,184
WynnBet $75,822,385 $5,807,643 $2,961,898
Resorts World $48,985,208 $2,379,693 $1,213,643
Bally Bet $4,786,887 $269,897 $137,647
Totals$13,668,056,039 $1,132,093,402 $577,367,635
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Contributors

Bill Ordine was a reporter and editor in news and sports for the Philadelphia Inquirer and Baltimore Sun for 25 years, and was a lead reporter on a team that was a finalist for the Pulitzer Prize in Breaking News. Bill started reporting on casinos and gaming shortly after Atlantic City’s first gambling halls opened and wrote a syndicated column on travel to casino destinations for 10 years. He covered the World Series of Poker for a decade and his articles on gaming have appeared in many major U.S. newspapers, such as the Los Angeles Times, Chicago Tribune, Miami Herald and others.

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