Ready for Kickoff: Handle Up 25%, Revenue 40% in Weekly NY Sports Betting

Ready for Kickoff: Handle Up 25%, Revenue 40% in Weekly NY Sports Betting
By Pat McLoone
Fact Checked by Jim Tomlin

The numbers haven’t even made it to Labor Day, but the message is unmistakable: Football is coming and NY sportsbooks know it.

The numbers for the week ending Sept. 4, released Thursday by the New York State Gaming Commission (NYSGC), show a handle that jumped to $243,034,801, a 25% increase from just a week before.

The handle was the highest in the state since the week ending June 19.

It also forecasts a sure return to the monthly handle in New York rising above $1 billion, as it had for the first six months of the year.

NY betting apps got off and running on Jan. 8.

Gross Gaming Revenue (GGR) took a massive leap this week as well.

The total GGR was announced at $27,504,013. That is a whopping 40% increase from just a week earlier ($19,578,358).

In fact, the weekly revenue figure was the highest in 3½ months. The May 15 figure was close to $31 million.

This was welcome news to the state finance office, as it meant more than $14 million in taxes coming to Albany.

New York taxes sports betting at 51%, joining New Hampshire for the highest rate in the United States.

EmpireStakes.com keeps a close eye on the state’s handle and revenue reports and is a great site for the best NY sportsbook promos.

New York Mobile Sports Betting, Aug. 29-Sept. 4

 
Mobile handle GGR
FanDuel $106,812,939 $13,116,113
DraftKings $70,506,263 $8,305,277
Caesars $29,087,257 $2,945,606
BetMGM $18,654,354 $1,964,917
PointsBet $7,403,422 $333,252
BetRivers $7,102,140 $577,244
WynnBet $2,016,652 $143,688
Resorts World $1,082,111 $83,316
Bally Bet $369,663 $34,601
Totals $243,034,801 $27,504,013

A Look at the NY Operators

As expected, with such major upticks in handle and revenue week over week, each operator did well. All nine experienced a boost in handle and eight of nine went up in revenue.

The lone operator that had a drop was PointsBet New York. But the PointsBet revenue number was coming off a huge increase last week and remained at a healthy $333,252.

FanDuel NY was the weekly leader in handle and GGR, as usual.

FanDuel is clearly dominating the New York market, with 40% of market share among nine operators. FanDuel’s cumulative numbers are now at $4.17 billion, out of the state’s overall total of $10.37B.

One operator that really took off this week was BallyBet New York, the last operator to launch in the state.

Bally reported a handle of $369,663. It was the highest handle in its ninth week of reporting and was an 89.5% increase week after week.

Cumulative Totals, Jan. 8-Sept. 4

 
Mobile handle GGRTaxes
FanDuel $4,174,077,917 $369,934,938$188,666,818
DraftKings $2,595,920,956 $185,455,329$94,582,218
Caesars $2,043,683,649 $151,983,803 $77,511,740
BetMGM $925,298,426 $47,433,638 $24,191,155
PointsBet $283,218,892 $18,965,675 $9,672,494
BetRivers $257,652,301 $13,721,330 $6,997,878
WynnBet $55,018,107 $4,496,599 $2,293,265
Resorts World $34,041,049 $1,768,294 $901,830
Bally Bet $1,898,642 $158,710 $80,942
Totals $10,370,809,937 $793,918,318 $404,898,340
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Contributors

Pat McLoone is a news editor overseeing coverage for New York state sites EmpireStakes.com and NewYorkBets.com, among other duties. Pat spent more than 40 years at the Philadelphia Daily News, where he became managing editor, and later the Philadelphia Inquirer, as managing editor for Sports.

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