Weekly Mobile New York Sports Betting Reports Second Highest Revenue to Date

Weekly Mobile New York Sports Betting Reports Second Highest Revenue to Date
By Pat McLoone
Fact Checked by Michael Peters

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.

New York Mobile Sports Betting, May 2-8

Mobile handle GGR
FanDuel $145,144,113 $19,370,029
DraftKings $78,871,062 $8,743,086
Caesars $52,028,640 $4,633,807
BetMGM $31,325,596 $2,384,717
PointsBet $12,976,974 $711,215
BetRivers $7,549,694 $736,299
WynnBet $2,386,678 $341,316
Resorts World $1,454,193 $82,724
Totals $331,736,949 $37,003,194

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.

Cumulative Totals, Jan. 8-May 8

 
Mobile handle GGRTaxes
FanDuel $2,525,470,293 $193,863,470 $98,870,370
DraftKings $1,596,688,427 $110,041,804 $56,121,320
Caesars $1,498,644,195 $116,625,763 $59,479,139
BetMGM $587,562,775 $19,646,309 $10,019,618
PointsBet $198,744,297 $10,784,579 $5,500,135
BetRivers $158,646,533 $7,384,710 $3,766,202
WynnBet $26,972,504 $2,865,024 $1,461,162
Resorts World $12,395,347 $951,227 $485,126
Totals $6,605,124,369 $462,162,887 $235,703,072

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Contributors

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.

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