NY Weekly Handle Decreases Heading into April

NY Weekly Handle Decreases Heading into April
Fact Checked by Pat McLoone

The end of March and the first couple of days of April brought more seasonal decline for New York sportsbooks.

Official weekly mobile sports betting figures were released by the New York State Gaming Commission (NYSGC) on Thursday.

The Empire State recorded its third consecutive decline since more than $459.98 million was handled for the week ending March 19.

The handle was more than $339.87 million, a $22.78 million drop from more than $362.65 million the previous week. In the past two weeks, handle in the state has dropped by more than $120 million.

The stateā€™s total mobile Gross Gaming Revenue (GGR) also had a considerable drop after recording the third-highest number for any week since launch on Jan. 8, 2022.  The GGR totaled more than $27.26 million for a $16.49 million drop.

Weekly tax collected from NY sports betting apps was $13,907,481, an $8.42 million decrease from $22.32 million a week ago.

New York's tax rate is 51%, tied with New Hampshire for the nation's highest.

Since launch, the state has handled more than $21.366 billion, generated more than $1.780 billion in total GGR and has collected more than $907.95 million in taxes.

EmpireStakes.com provides frequent updates on sports betting revenue reports. 

New York Mobile Sports Betting, March 27-April 2

 
Mobile handle GGR
FanDuel $130,717,990 $14,705,432
DraftKings $105,947,508 $9,339,014
BetMGM $42,808,123(-$1,840,577)
Caesars $40,118,415 $3,908,771
BetRivers $11,079,332 $662,211
PointsBet $6,093,964 $254,571
WynnBet $1,587,358 $143,184
Resorts World $1,056,125 $91,566
Bally Bet $465,230 $5,398
Totals $339,874,045 $27,269,571

 

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.

BetMGM Among Few to Increase

Just three of the nine mobile providers in the state increased handle for the week, most notably BetMGM NY ($42.80 million), up $18.3 million.

PointsBet NY and Resorts World NY also had mild increases, with Resorts World going past the $1M mark for the third time in the last four weeks.

FanDuel NY posted about $130.72 million in handle, a more than $24.96 million decrease from a week ago ($155.67 million).

DraftKings recorded more than $105.94 million, a $10.32 million decrease from the previous week ($116.26 million).

Caesars Sportsbook NY and WynnBET were the only two providers to show mild increases in their total GGR.

Cumulative Totals, Jan. 8, 2022-April 2, 2023

 
Mobile handle GGRTaxes
FanDuel $8,628,335,601 $868,735,523$443,055,117
DraftKings$6,244,349,452$479,643,152$244,618,008
Caesars $3,465,820,015 $253,940,331 $129,509,569
BetMGM $1,717,284,770 $102,408,817$52,228,497
BetRivers $550,773,783 $31,014,851 $15,817,574
PointsBet $550,716,404 $32,397,098 $16,522,520
WynnBet $124,768,589 $7,550,007 $3,850,504
Resorts World $73,780,658 $4,007,455 $2,043,802
Bally Bet $11,113,323 $606,689 $309,411
Totals$21,366,942,593 $1,780,303,927 $907,955,003
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Author

Lou Monaco

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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