NY Sports Betting Rakes in Another $400M Handle in January

NY Sports Betting Rakes in Another $400M Handle in January
By Bill Ordine
Fact Checked by Pat McLoone

Online New York sports betting registered a little more than $423 million in handle for the second full week of 2023.

The Gross Gaming Revenue (GGR) for Jan. 9-15 was a little more than $28 million and those revenues yielded a weekly tax take for New York state of almost $14.29 million.

The handle figure topped last week’s $401.2 million and is the largest since the week ending Nov. 27. In fact, it comes in at No. 7 in the 53 weeks of handle amounts reported by the New York State Gaming Commission (NYSGC).

FanDuel, DraftKings on Top as Usual

As usual, Fan Duel New York and DraftKings New York dominated the mobile market, combining for almost 74% of the total online handle in the state. There are seven other mobile operators in New York.

FanDuel was No. 1 among the nine operators with almost $172 million in handle and $18.64 million in GGR.

DraftKings had nearly $140 million in handle and $3.86 million in GGR. 

Caesars Sportsbook New York handled about $52.4 million in sports wagers and had a GGR of about $2.96 million.

The rest of the operators were: BetMGM, $28.13 million in handle and $1.51 million in GGR; PointsBet, $16.51 million in handle and $452,443 in GGR;  BetRivers, $10.84 million in handle and $425,647 in GGR; WynnBet New York, $2.055 million in handle and $115,474 in GGR; Resorts World, just over $944,000 in handle and $42,674 in GGR, and Bally Bet, a little more than $200,000 in handle and minus-$705 in GGR.

New York Mobile Sports Betting, Jan. 9-15

 
Mobile handle GGR
FanDuel $171,986,296 $18,643,519
DraftKings $139,933,844 $3,862,914
Caesars $52,394,507 $2,958,423
BetMGM $28,130,585 $1,513,163
PointsBet $16,514,497 $452,443
BetRivers $10,842,574 $425,647
WynnBet $2,055,369 $115,474
Resorts World $944,151 $42,674
Bally Bet $200,756 Minus-$705
Totals $423,002,578 $28,013,551


New York Handle Now Past $17B

Since the inception of mobile sports betting in New York on Jan. 8, 2022, bettors have wagered more than $17.1 billion with operators realizing more than $1.41 billion in gross gaming revenue and tax collection amounting to $721.38 million.

EmpireStakes.com constantly monitors revenue reports out of the state as well as provide the best NY betting promos.

Cumulative Totals, Jan. 8, 2022-Jan. 15, 2023

 
Mobile handle GGRTaxes
FanDuel $6,885,220,524 $687,875,952$350,816,736
DraftKings$4,836,927,913$364,546,501$185,918,716
Caesars $2,911,298,855 $218,804,881 $111,590,489
BetMGM $1,403,798,538 $82,948,891 $42,303,934
PointsBet $470,447,060 $27,445,281 $13,997,093
BetRivers $434,810,807 $23,157,771 $11,810,463
WynnBet $97,730,984 $6,247,252 $3,186,099
Resorts World $59,884,531 $3,115,704 $1,589,009
Bally Bet $6,232,581 $328,354 $167,461
Totals$17,106,351,791 $1,414,470,589 $721,380,000

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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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