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 weekās 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.
New York Mobile Sports Betting, May 1-7
| Mobile handle | GGR |
|---|
| FanDuel | $137,726,029 | $22,291,942 |
| DraftKings | $122,462,277 | $16,529,178 |
| Caesars | $39,665,810 | $4,028,119 |
| BetMGM | $25,439,147 | $3,275,864 |
| BetRivers | $8,863,433 | $1,024,609 |
| PointsBet | $4,066,991 | $398,714 |
| WynnBet | $2,150,371 | $197,132 |
| Resorts World | $1,349,457 | $164,638 |
| Bally Bet | $589,411 | $31,300 |
| Totals | $342,312,925 | $47,941,496 |
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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
Cumulative Totals, Jan. 8, 2022-May 7, 2023
| Mobile handle | GGR | Taxes |
|---|
| FanDuel | $9,346,069,278 | $958,832,810 | $489,004,733 |
| DraftKings | $6,841,647,455 | $541,387,097 | $276,107,419 |
| Caesars | $3,676,463,746 | $270,059,147 | $137,730,165 |
| BetMGM | $1,846,656,800 | $115,701,200 | $59,007,612 |
| BetRivers | $604,923,349 | $32,760,891 | $16,708,054 |
| PointsBet | $572,851,800 | $34,454,155 | $17,571,619 |
| WynnBet | $136,098,148 | $8,237,066 | $4,200,904 |
| Resorts World | $82,691,270 | $4,226,734 | $2,155,634 |
| Bally Bet | $13,840,368 | $706,970 | $360,555 |
| Totals | $23,121,242,213 | $1,966,366,074 | $1,002,846,698 |
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