Seasonal Slide Continues as New York Sports Betting Posts Lowest Weekly Handle

Seasonal Slide Continues as New York Sports Betting Posts Lowest Weekly Handle
By Lou Monaco
Fact Checked by Pat McLoone

It’s definitely not for the lack of good baseball in the Empire State, but weekly New York sports betting produced another decline.

At a time when both the New York Mets and New York Yankees provide solid picks in MLB betting, the total handle dropped to its lowest mark since mobile wagering launched Jan. 8. That is for figures provided Friday by the New York State Gaming Commission (NYSGC) for the week ending May 22.

Gross Gaming Revenue (GGR) also dropped for the second consecutive week.

Overall total handle came in at $261.15 million, down 9.6% from $286.22 million from the week ending May 15. The number marked the lowest full week since the state launched sports wagering during the weekend of Jan. 8-9, when the total was $171.29 million. There now have been 20 reports.

The weekly GGR posted at $23.48 million, its second weekly decrease since its second-highest GGR of the year at $37 million for the week ending May 8.

Since the state’s historic launch on Jan. 8, New York has handled more than $7.15 billion, posted over $516.62M in total GGR, and Albany has collected more than $263.48M in tax revenue.

New York Mobile Sports Betting, May 16-22

 
Mobile handle GGR
FanDuel $114,113,943 $14,738,271
DraftKings $64,150,552 $3,696,934
Caesars $40,617,910 $2,351,657
BetMGM $26,076,132 $1,402,348
BetRivers $6,583,927 $284,689
PointsBet $5,991,542 $756,087
WynnBet $2,128,406 $97,587
Resorts World $1,490,378 $155,860
Totals $261,152,790 $23,483,432

Only Resorts World Shows Increase

Fan Duel Sportsbook New York was king of the state again, retaining its No. 1 weekly spot.

FanDuel reported $114.11 million, down from $120.19 million for the week ending May 15. Weekly GGR was $14.74 million, down from $17.65 million. Overall, FanDuel has posted a total handle of $2.76 billion since launch Jan. 8 with revenue of $226.25 million and more than $115.39 million in taxes to the state.

DraftKings Sportsbook New York came in a distant second, posting $64.15 million in total handle, down from $71.66 million the previous week. Its weekly GGR was $3.67 million. Since launching Jan. 8, DraftKings has had a total handle of $1.73 billion, $120.04 million in total GGR and more than $61 million in taxes to Albany.

The third and fourth spots in total handle: Caesars Sportsbook New York (more than $40.62M) and BetMGM Sportsbook New York (more than $26.08M).

Of the four remaining operators, all but Resorts World Sportsbook New York showed decreases in handle from the week before.

BetRivers Sportsbook New York ($6.58M), PointsBet Sportsbook New York ($5.99M), WynnBet Sportsbook New York ($2.13M) and Resorts World Sportsbook New York ($1.49M, up from $1.22M a week earlier).

Resorts World’s GGR was $155,860, a huge increase from $27,897 the week before and the second highest since the week ending April 17 ($160,730).

BallyBet is the last of the nine licensed operators but has yet to launch.

Make sure to stay close to EmpireStakes.com for updates and the best  New York sports betting promos.

Cumulative Totals, Jan. 8-May 22

 
Mobile handle GGRTaxes
FanDuel $2,759,772,902 $226,249,542$115,387,266
DraftKings $1,732,496,100 $120,042,139$61,221,491
Caesars $1,584,641,638 $122,067,793 $62,254,574
BetMGM $643,651,744 $23,339,901 $11,903,350
PointsBet $213,178,498 $12,399,369 $6,323,678
BetRivers $172,408,056 $8,272,414 $4,218,931
WynnBet $31,241,177 $3,114,211 $1,588,248
Resorts World $15,103,816 $1,134,984 $578,842
Totals $7,152,493,928 $516,620,353 $263,476,380


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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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