Weekly Figures Reveal State Hits Major Milestone

Weekly Figures Reveal State Hits Major Milestone
By Lou Monaco
Fact Checked by Pat McLoone

Online NY sportsbooks had their second consecutive week in handle decreases but enjoyed the highest-ever total Gross Gaming Revenue (GGR).

Also, the state did exceed an amazing $15 billion in total handle this year with 16 days remaining until New Year’s Day.

Those were the highlights as official figures were released Thursday by the New York State Gaming Commission (NYSGC) for the week ending Dec. 11.

New York sports apps took in over more than $342.57 million in handle by nine providers. That marked a $33.15 million decrease from more than $375.73 reported a week before.

Total GGR was a different story as it reached its highest level since launch on Jan. 8 with more than $44.49 million.

The weekly tax intake for Albany - the state’s capital - was more than $22.69 million, an increase of more than $6.47 million, not bad for a week of work. New York has a 51% tax rate, which is tied with New Hampshire for the highest in the United States.

Since the legalized launch on Jan. 8, mobile sports wagering has generated more than $15.159 billion in total handle, $1.284 billion in total GGR and $655.25 million in state taxes. 
 
EmpireStakes.com closely watches state handle and revenue reports, as well as provides the top New York sports betting promo codes.

New York Mobile Sports Betting, Dec. 5-11

 
Mobile handle GGR
FanDuel $141,063,485 $20,787,305
DraftKings $110,262,992 $13,289,753
Caesars $45,393,727 $5,831,526
BetMGM $23,735,924 $2,923,858
BetRivers $9,806,668 $768,731
PointsBet $8,649,868 $651,135
WynnBet $2,241,135 $49,172
Resorts World $1,269,111 $179,088
Bally Bet $154,827 $14,051
Totals $342,577,737 $44,494,620

 

Eight Sportsbooks See Increases in GGR, Just Two in Handle

Seven of the nine mobile providers experienced declines in their total weekly handle, except for Bally Bet NY ($154,827, +39,783) and PointsBet NY ($8.66 million, +$809,603).

FanDuel NY, the dominant leader in the state, passed $6 billion in total cumulative handle, generated more than $141.06 million for the week ending Dec 11, with more than $20.78 million in total GGR.  Since launch, FanDuel has handled more than $6.099 billion, $617.66 million in total GGR and forked over more than $315 million in state taxes.

However, eight providers all had increases in their weekly total GGR, except for WynnBet NY.

DraftKings Sportsbook NY had a $14.54 million decrease ($110.26 million) in total handle from $124.81 reported a week earlier. To date, the Boston-based mobile provider has totaled more than $4.2 billion in total handle, $329.36 million in total GGR and $167.97 million in state taxes.

Others in the top 5: No. 3 Caesars Sportsbook NY ($45.39 million in handle, $5.83 million in GGR); No. 4 BetMGM NY ($23.74 million in handle, $2.92 million in GGR) and No. 5 Rush Street Interactive’s NY BetRivers ($9.8 million in handle, $768,731 in GGR).

Cumulative Totals, Jan. 8-Dec. 11

 
Mobile handle GGRTaxes
FanDuel $6,099,403,353 $617,665,251$315,009,278
DraftKings$4,200,577,346$329,362,390$167,974,819
Caesars $2,662,825,776 $206,471,980 $105,300,710
BetMGM $1,266,921,249 $75,275,210 $38,390,357
PointsBet $396,935,521 $25,810,517 $13,163,364
BetRivers $385,935,870 $21,204,037 $10,814,059
WynnBet $87,119,787 $5,885,913 $3,001,816
Resorts World $54,130,330 $2,831,602 $1,444,117
Bally Bet $5,301,008 $313,258 $159,762
Totals$15,159,150,238 $1,284,820,158 $655,258,281
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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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