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

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).

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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.

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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.

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