Weekly New York Mobile Sports Betting Handle Below $300M for First Time

Weekly New York Mobile Sports Betting Handle Below $300M for First Time
By Lou Monaco

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.

New York Mobile Sports Betting, April 25-May 1

 
Mobile handle GGR
FanDuel $135,643,300 $9,434,226
DraftKings $64,602,519 $1,422,782
Caesars $43,967,121 $1,361,371
BetMGM $28,380,682 $12,682
PointsBet $10,378,003 $150,478
BetRivers $8,231,281 $384,558
WynnBet $2,361,702 $61,319
Resorts World $1,618,418 $53,071
Totals $295,183,026 $12,880,488

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.

Cumulative Totals, Jan. 8-May 1

Mobile handle GGRTaxes
FanDuel $2,380,326,181 $174,493,441 $88,991,655
DraftKings $1,517,817,365 $101,298,718 $51,662,346
Caesars $1,446,615,555 $111,991,957 $57,115,898
BetMGM $556,237,179 $17,261,592 $8,803,412
PointsBet $185,767,323 $10,073,363 $5,137,415
BetRivers $151,096,839 $6,648,411 $3,390,690
WynnBet $24,585,826 $2,523,708 $1,287,091
Resorts World $10,941,154 $868,502 $442,936
Totals $6,273,387,420 $425,159,693 $216,831,443

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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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