New York sports betting numbers for the week ending May 1 showed the lowest total handle and gross gaming revenue (GGR) since fiscal year 2022-23 reporting started with the week ending April 3.
The numbers were released Friday by the New York State Gaming Commission (NYSGC).
For the week of April 25-May 1, New York bettors wagered $295.18 million in total mobile handle, a $39.31 million decrease from last week’s $334.49 million.
It was the first full week of the 16 weeks reported since mobile wagering launched Jan. 8 that total handle dipped below the $300 million mark.
Total GGR for the state had its two-week, $30 million-plus figure snapped, coming in at its lowest for the first five weeks of the new fiscal year at $12.88 million, a $23.6 million drop since $36.46 million was reported a week ago.
New York online sports wagering operators since the launch of mobile betting have combined for a handle of more than $6.27 billion and a GGR of more than $425.16 million.
New York, which shares the nation’s highest tax rate with New Hampshire at 51%, has collected more than $216.83 million in taxes.
A Look at How Top 4 Providers Fared
FanDuel Sportsbook New York continues to lead the way in New York sports betting with this week’s handle of $135.64 million, a $9.68 million decrease from last week’s $145.32 million. It also marks the second-lowest figure for FanDuel since new fiscal year numbers were released in early April.
Its weekly GGR posted at $9.43 million, a close to $12 million slide from last week’s $21.19 million.
Since Jan. 8, FanDuel has posted $2.38 billion in year-to-date total handle, with a revenue of $174.49 million and taxes to the state at close to $90 million, coming in at $88.99M.
DraftKings Sportsbook New York posted second for the week at $64.60 million, down a solid $13.55 million from the previous week. Its weekly GGR dropped considerably to $1.42 million from $7.17 million. DraftKings has posted more than $1.51 billion in total handle, more than $101.3 million in GGR and more than $51.66 million in taxes to the state.
Third on the weekly rankings is Caesars Sportsbook New York, reporting $43.97 million in total handle, a decrease of $10.26 million from the previous week. Its weekly GGR was $1.36 million, down from $3.93 million.
Caesars is the third provider to handle more than $1 billion overall and is now at more than $1.44 billion. It also has generated a total GGR of $111.99 million and $57.12 million in taxes to Albany.
Rounding out the top four is BetMGM Sportsbook New York, which posted a handle of $28.38 million, down from $32.46 million the week before. It had a very low GGR total of $12,682, a severe decline from $2.4 million a week earlier. To date, BetMGM has handled $556.24 million in the state with $17.26 million in revenue and $8.8 million in taxes.
The other online operators in New York came in behind the top four in this order: PointsBet Sportsbook New York ($10.38 million handle), BetRivers Sportsbook New York ($8.23 million), WynnBet Sportsbook New York ($2.36 million) and Resorts World Sportsbook New York ($1.62 million).
Bally Bet New York, the lone licensed mobile provider not yet live, was expected to launch sometime during the month of April. That hasn’t happened. In a financial call this week, Bally’s said a Q2 launch is now likely.
While we wait, check out EmpireStakes.com for updates and also the best New York sports betting promo codes.