Sports betting in New York dipped a bit for the week ending Oct. 30 as official figures were released by the New York State Gaming Commission (NYSGC) late Thursday afternoon.
Official monthly figures for October are expected to be announced next week.
Total mobile handle registered at more than $345.33 million dollars, resulting in a $20.34 million decrease from the previous week. The total Gross Gaming Revenue (GGR) for the state posted at more than $33.92 million, a slight notch above the total of $33.6 million from the week before.
The mobile sports wagering handle was more than $300 million for the sixth consecutive week, and seven of the last eight. The handle number has vaulted past $300 million 23 times since the state launched legalized sports wagering Jan. 8.
More than $17.3 million in state taxes was collected by Albany. New York taxes sports wagering at 51%. That is tied with New Hampshire as the highest rate in the United States.
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BetMGM, Resorts World Show Handle Increases
BetMGM New York and Resorts World New York were the only two of the nine New York sports apps that showed increases in their handles.
BetMGM posted more than $26.12 million in handle, a $1.33 million increase from the week before and its largest since $30.01 million was posted for the week ending May 15.
Resorts World New York posted more than $1.82 million, a $354,389 jump from the previous week and its largest since more than $2.01 million was recorded for the week ending Sept. 18.
FanDuel New York, Bally Bet New York, Caesars Sportsbook New York and WynnBet New York showed weekly increases in GGR.
FanDuel Sets Another Milestone
The dominant provider in the nation’s top sports betting market posted another milestone in the state, as FanDuel surpassed $500 million in total GGR since launch.
For the week, FanDuel posted more than $140.65 million in weekly handle and more than $17.98 million in GGR. The handle figure also marked the ninth consecutive week in excess of $100 million.
Since launch, FanDuel’s total handle is over $5.198 billion, GGR is more than $501.37 million and taxes to the state have eclipsed $255.7 million.
The remaining top five weekly providers in handle/GGR were: No. 2 DraftKings New York ($113.58M in handle, $8.77M in GGR); No. 3 Caesars ($43.01M, $4.5M); No. 4 BetMGM ($26.13M, $1.69M) and No. 5 NY BetRivers ($9.13M, $252,816).
Since mobile betting launched, nine mobile providers have accounted for $12.975 billion in handle, more than $1.061 billion in GGR and more than $541.47 million in taxes to the state.