Mobile NY sportsbooks enjoyed a week-over-week increase of nearly $17 million in handle, but bettors in the state were cashing, just in time for that last-minute holiday shopping.
All of that was evident as official figures were released Thursday by the New York State Gaming Commission (NYSGC) for the week ending Dec. 18.
Nine New York sports apps had more than $359.56 million in total mobile handle, which was a $16.99 million increase from the week before ($342.58 million).
However, the total Gross Gaming Revenue (GGR) of a little less than $10 million was the second lowest ever by the sportsbooks since the state’s official launch.
Weekly state tax registered at more than $5.09 million, a considerable $17.5 million decrease from $22.69 million the previous week.
New York has a 51% tax rate, tied with New Hampshire, for the highest in the nation.
Since the legalized launch on Jan. 8, mobile sports wagering has generated more than $15.518 billion in total handle, $1.294 billion in total GGR and $660.35 million in state taxes.
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Closer Look at the Sportsbooks
Eight mobile providers had mild weekly increases in total handle, with Rush Street Interactive’s NY Bet Rivers the lone one to post decreases in both handle and total GGR.
Eight of the nine had solid decreases in total mobile GGR with the exception of WynnBet NY, which notched mild increases in both handle and GGR.
Three weekly handle highlights include:
- DraftKings Sportsbook NY recording a $10.53 million increase ($120.8 million) from $110.26 million.
- BetMGM Sportsbook NY posting more than $27.03 million, a nice $3.29 million bump from $23.76 million.
- Resorts World Bet handling more than $1.37 million, its highest since $1.43 million for the week ending Nov. 13.
The top five handles for the week: FanDuel NY ($143.74 million), DraftKings NY ($120.8 million), Caesars Sportsbook NY ($45.59 million), BetMGM NY ($27.03 million) and NY BetRivers ($9.58 million).
PointsBet was knocking on the top five leaderboard with more than $9 million.
Since launch, the top four largest handle generators are: FanDuel NY ($6.243 billion), DraftKings ($4.321 billion), Caesars ($2.708 billion) and BetMGM ($1.294 billion).
The next weekly report will be announced on Thursday, Dec. 29 (for the week ending Christmas Day).