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

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

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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.

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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Author

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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