Summer Starting? NY Sports Betting Weekly Handle Hits Lowest Mark Yet

Summer Starting? NY Sports Betting Weekly Handle Hits Lowest Mark Yet

By Pat McLoone

You never say never in New York sports betting, but it does appear that the weekly handle figure is showing signs of declining after all.

A week after bouncing back well over $300 million in handle, figures released Friday by the New York State Gaming Commission (NYSGC) show the Empire State with an overall handle of $286,216,769 for the week of May 9-15. That is only the second time in 19 weekly reports that the handle has been below $300 million; the other was two weeks before. It was also the lowest full week since the state launched sports wagering in January.

There was decent news of revenue, though. The weekly Gross Gaming Revenue (GGR) figure was $30.97 million, the eighth-best result in 19 reports.

Taxes to the state this week were about $15.8 million.

Here is a closer look at the numbers:

NEW YORK MOBILE SPORTS BETTING, MAY 9-15

 
Mobile handle GGR
FanDuel $120,188,666 $17,647,801
DraftKings $71,657,120 $6,303,401
Caesars $45,379,533 $3,090,372
BetMGM $30,012,838 $2,291,245
PointsBet $8,442,659 $858,704
BetRivers $7,177,596 $603,015
WynnBet $2,140,267 $151,600
Resorts World $1,218,091 $27,897
Totals $286,216,769 $30,974,034

 

The $1 Billion Standard Still Strong

Even with the potential of weekly numbers continuing to dip, May would appear to be a lock as another month above $1 billion in handle.

Through two weeks, the handle already is at least $617.95 million. When you factor in the amount wagered on May 1, which isn’t in the two weekly figures so far, and two more weeks of reporting, the $1 billion mark will be easily surpassed.

Neighboring New Jersey, in contrast, has had its handle number drop below $1 billion in two of the four months reported in 2022.

How the Operators Fared

FanDuel Sportsbook New York retained its firm grip on the No. 1 spot. Fan Duel reported $120.19 million for the week ending May 15 with a GGR of $17.65 million. Overall, FanDuel has had a handle of $2.65 billion with revenue of $211.5 million and more than $107.87 million in taxes to the state.

Coming in second through fourth, as usual, were DraftKingsSportsbook New York ($71.66M in handle), Caesars Sportsbook New York ($45.38M) and BetMGM Sportsbook New York (a little more than $30M).

The rest of the operators reported the following: Points Bet Sportsbook New York ($8.4M), BetRivers Sportsbook New York ($7.2M), WynnBet Sportsbook New York ($2.1M) and Resorts World Sportsbook New York ($1.2M).

The last operator permitted by the state to launch, Bally’s, has not gone live yet.

Stay close to EmpireStakes.com for updates at the best New York sports betting promos.

CUMULATIVE TOTALS, JAN. 8-MAY 15

 
Mobile handle GGRTaxes
FanDuel $2,645,658,959 $211,511,271 $107,870,748
DraftKings $1,668,345,548 $116,345,205 $59,336,055
Caesars $1,544,023,728 $119,716,135 $61,055,229
BetMGM $617,575,612 $21,937,554 $11,188,153
PointsBet $207,186,956 $11,643,283 $5,938,074
BetRivers $165,824,129 $7,987,725 $4,073,740
WynnBet $29,112,771 $3,016,624 $1,538,478
Resorts World $13,613,438 $979,123 $499,353
Totals $6,891,341,138 $493,136,921 $251,499,830
quote
WRITTEN BY
EmpireStakes.com
Pat McLoone
Pat McLoone is a news editor overseeing coverage for New York state sites EmpireStakes.com and NewYorkBets.com, among other duties. Pat spent more than 40 years at the Philadelphia Daily News, where he became managing editor, and later the Philadelphia Inquirer, as managing editor for Sports.
... Read More
Pat McLoone is a news editor overseeing coverage for New York state sites EmpireStakes.com and NewYorkBets.com, among other duties. Pat spent more than 40 years at the Philadelphia Daily News, where he became managing editor, and later the Philadelphia Inquirer, as managing editor for Sports.
... Read More