It was a mixed start to May for mobile New York sports betting, but there was one very significant bright spot.
Gross Gaming Revenue (GGR) rose dramatically by more than $10.1 million to $47.9 million. The number was the second-highest weekly number since launch (Jan. 8, 2022) and the highest in the past few months.
Only the week ending Jan. 22 of this year ($57.45 million) surpassed it.
The official figures for the week ending May 7 were released Thursday afternoon by the New York State Gaming Commission (NYSGC).
Total mobile handle for the week was more than $342 million, a marked $31.87 million drop from $374.2 million last week.
Legislators in Albany were happy as the weekly tax posted at $24.45 million, a solid $5.15 million jump from $19.3 million reported the previous week. New York and New Hampshire have the highest tax rates in the nation at 51%.
Since launch, the state has handled more than $23.121 billion and generated more than $1.966 billion in total GGR.
Adding in this week’s amount, the state now has collected more than $1 billion in taxes ($1.003 billion.)
In addition to weekly revenue reporting, EmpireStakes.com also has New York sportsbook promos.
Weekly Operator Rundown
All but one mobile provider (Resorts World Bet) had decreases in weekly total handle. Resorts World Bet enjoyed mild increases in handle and revenue.
Two to note: FanDuel Sportsbook NY, the leading provider in the state, posted more than $137.72 million, a $13.04 million decrease from a week ago ($150.77 million). And DraftKings Sportsbook NY generated $122.46 million, a $14.73 million drop from $137.19 million.
Seven of the nine mobile providers grew in GGR.
The top five weekly providers in total handle:
- FanDuel Sportsbook NY $137,726,029
- DraftKings NY $122,462,277
- Caesars Sportsbook NY $39,665,810
- BetMGM NY $25,439,147
- BetRivers NY $8,863,433
