Revenue Bounces Back in Weekly NY Mobile Sports Betting

Revenue Bounces Back in Weekly NY Mobile Sports Betting
By Lou Monaco
Fact Checked by Pat McLoone

One week was enough for mobile NY sportsbooks handing over winnings to their loyal bettors.

New York sports apps handled more than $352.6 million in total mobile handle, a $6.96 million decrease from $359.57 million the week before.

Official figures were released Thursday by the New York State Gaming Commission (NYSGC) for the week ending Dec. 25.

Six of the nine mobile providers had increases in total Gross Gaming Revenue (GGR), with more than $37.8 million coming back to the books, a huge $27.81 million increase from the week before ($9.98 million).

Last week marked the second lowest total GGR ever by the sportsbooks since the state’s official launch on Jan. 8.

Weekly state tax registered at more than $19.27 million. The Empire State has a 51% tax rate, which is tied for the highest in the nation with New Hampshire.

Mobile sports wagering has generated more than $15.871 billion in handle, $1.332 billion in GGR and $679.63 million in state taxes.

EmpireStakes.com provides frequent coverage of state sports betting revenue reports, as well as the best NY betting promos.

New York Mobile Sports Betting, Dec. 19-25

 
Mobile handle GGR
FanDuel $151,416,609 $19,546,515
DraftKings $106,618,740 $10,950,054
Caesars $45,812,402 $3,510,595
BetMGM $27,182,805 $2,410,809
PointsBet $10,431,060 $670,395
BetRivers $8,242,151 $597,114
WynnBet $1,749,119 $90,869
Resorts World $962,391 $26,209
Bally Bet $190,673 Minus-$547
Totals $352,605,950 $37,802,013

Big Week for PointsBet

Six of the nine mobile providers posted increases in handle, with FanDuel NY, BetMGM NY, Caesars Sportsbook NY and PointsBet NY seeing increases in both handle and GGR. 
 
PointsBet gathered more than $10.4 million in total handle, just the 13th time since launch it has reached “double-digit” millions and just the second time since the week ending May 8.

The top five handles for the week: FanDuel NY ($151.42 million), DraftKings NY ($106.62 million), Caesars Sportsbook NY ($45.81 million), BetMGM NY ($27.18 million) and PointsBet NY ($10.43 million).

The next weekly report will be announced on Thursday, Jan. 5 (for the week ending Sunday, Jan. 1).

It’s almost been a year since legal sports wagering launched in the Empire State.

Cumulative Totals, Jan. 8-Dec. 25

 
Mobile handle GGRTaxes
FanDuel $6,394,561,338 $641,206,081$327,015,101
DraftKings$4,427,994,180$343,267,487$175,066,418
Caesars $2,754,231,579 $211,492,336 $107,861,091
BetMGM $1,321,134,153 $79,051,355 $40,316,191
PointsBet $416,383,235 $26,238,495 $13,381,632
BetRivers $403,762,122 $22,111,847 $11,277,042
WynnBet $91,146,402 $6,076,215 $3,098,870
Resorts World $56,464,484 $2,849,914 $1,453,456
Bally Bet $5,647,085 $316,626 $161,479
Totals$15,871,325,577 $1,332,610,358 $679,631,283
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Contributors

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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