NY Sports Betting Suffers Huge Drop in Weekly Handle

NY Sports Betting Suffers Huge Drop in Weekly Handle
Fact Checked by Pat McLoone

You know what you get in New York sports betting when the Buffalo Bills and New York Giants are eliminated from the NFL Playoffs?

A dramatic drop.

New York's mobile sports betting handle for the week ending Jan. 29 posted more than $344.84 million, a huge decrease of more than $105.89 million from $450.73 million the previous week. Last week’s number was the third-highest handle since online wagering launched Jan. 8, 2022.

The handle and revenue figures were released by the New York State Gaming Commission (NYSGC).

The four-week streak of generating more than $400 million in total mobile handle came to a quick end.

The state's total Gross Gaming Revenue (GGR) posted at more than $27.32 million, a decrease of over $30 million from the week before. Last week’s revenue was a new all-time mark ($57.46 million), easily breaking the record of more than $44.49 million for the week ending Dec. 11, 2022.

With just two days of January reporting remaining, the once promising shot at hitting a record $1.7 billion in monthly handle is in jeopardy.

Weekly tax was more than $13.93 million, a $15.4 million drop from $29.3 million a week ago.

NY betting apps must endure at 51% tax rate, which is tied with New Hampshire for the highest figure in the nation.

New York Mobile Sports Betting, Jan. 23-29

Mobile handle GGR
FanDuel $146,789,931 $13,485,524
DraftKings $108,680,269 $6,682,021
Caesars $43,001,355 $3,972,231
BetMGM $24,174,330 $2,463,714
BetRivers $11,670,882 $345,593
PointsBet $6,889,376 $227,959
WynnBet $2,249,093 $2,957
Resorts World $1,143,539 $115,455
Bally Bet $246,255 $29,946
Totals $344,845,030 $27,325,399

Must be 21+ to participate & present in NY. Gambling problem? Call (877-8-HOPENY) or text HOPENY (467369). Visit BetMGM.com for Terms & Conditions. US promotional offers not available in NY, NV, or Puerto Rico.

Dramatic Drops for Top Three

Only two of the nine providers had mild increases in handle and two in GGR. 
BallyBet and NY BetRivers enjoyed increases in handle, with BetRivers eclipsing more than $11.67 million, a $736,946 increase from the state's last report. BetMGM NY and Resorts World NY had mild upticks in GGR.

DraftKings NY had the biggest weekly drop out of the state's top three providers, generating more than $108.68 million in handle, after $152.36 million a week ago. It was the lowest handle mark for DraftKings since the week ending Dec. 25. This came after DraftKings established two records: more than $152.36 million in handle and $20.24 million in GGR the week before.

FanDuel Sportsbook NY, the state's overall leader, handled more than $146.78 million, which marked a $35.6 million drop from its record $182.4 million last week.

Caesars Sportsbook NY posted more than $43 million in total handle, a $14.52 million decrease from the previous week ($57.53 million) to round out the top three.

Since launch, mobile sports betting in the Empire State has generated more than $17.921 billion in handle, almost $1.5 billion in GGR and more than $764.62 million in tax collection.

Have no fear, the Super Bowl is almost near.

EmpireStakes.com will continue to monitor state revenue reports as well as bring you the best NY betting promos.

Cumulative Totals, Jan. 8, 2022-Jan. 29, 2023

Mobile handle GGRTaxes
FanDuel $7,214,406,655 $727,930,658$371,244,636
Caesars $3,011,827,411 $228,854,232 $116,715,658
BetMGM $1,460,448,782 $87,801,318 $44,778,672
PointsBet $487,700,213 $28,509,784 $14,581,300
BetRivers $457,415,625 $24,644,759 $12,568,827
WynnBet $102,886,229 $6,357,914 $3,242,536
Resorts World $62,557,676 $3,192,606 $1,628229
Bally Bet $6,716,021 $413,675 $210,974
Totals$17,921,931,933 $1,499,255,165 $764,620,134



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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