The juggernaut that is mobile New York sports betting has proven resilient again, long after the conclusion of the NFL season and March Madness.
That became clear with Friday’s release of mobile wagering performance for the week ending May 8 by the New York State Gaming Commission (NYSGC).
A week after dipping below the weekly handle figure of $300 million for the first time, New York bounced back to $331,736,949.
The Gross Gaming Revenue (GGR) was even more impressive.
The GGR amount was the second-highest of the 18 weeks reported since mobile wagering launched in the Empire State on Jan. 8. Revenue almost tripled from a week ago, jumping from $12.88 million to $37 million.
This week’s handle was within $4 million of the $335.8 million for the week of April 10, the best number of the six weeks reported in fiscal year 2022-23.
The Rundown on NY Mobile Operators
The disparity between the haves and have-nots of operators remains abundantly clear.
The top four operators — FanDuel Sportsbook New York, DraftKings Sportsbook New York, Caesars Sportsbook New York and BetMGM Sportsbook New York — combine for 94 percent of market share in mobile handle. Exclude BetMGM, which ranks fourth, and the top three have 85.1 percent of market share.
FanDuel, the runaway No. 1 (38.2 percent market share), posted a handle of $145.14 million, better than $135.64 million last week. It doubled last week’s GGR, from $9.43 million to $19.37 million. Since launch, FanDuel has notched a handle of $2.53 billion and a GGR of $193.86 million.
DraftKings ($78.87 million handle) was second with a much higher amount than last week ($64.6 million). DraftKings to date has a handle of almost $1.6 billion and revenue of $110 million.
Caesars posted $52.03 million, following $43.97 million last week. Caesars is just shy of an overall figure of $1.5 billion in handle, and it is second overall in GGR at $116.63 million.
BetMGM’s handle was $31.33 million; it was $28.38 million the previous week. Overall, BetMGM has a mobile handle of $587.56 million and revenue of $19.65 million.
The next four landed in this order for weekly handle: PointsBet Sportsbook New York ($12.98 million), BetRivers Sportsbook New York ($7.55 million), WynnBet Sportsbook New York ($2.39 million) and Resorts World Sportsbook New York ($1.45 million).
The remaining legal operator, BallyBet, has not launched yet in New York. That is now expected to happen in May, June or July.