Weekly NY Handle Down but Steady Streak Above $300M Maintained

Weekly NY Handle Down but Steady Streak Above $300M Maintained
Fact Checked by Pat McLoone

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.

EmpireStakes.com closely follows state revenue reports as well as bringing you the best NY betting promos.

New York Mobile Sports Betting, Oct. 24-30

 
Mobile handle GGR
FanDuel $140,652,404 $17,982,660
DraftKings $113,578,924 $8,766,469
Caesars $43,011,143 $4,499,153
BetMGM $26,126,280 $1,688,576
BetRivers $9,133,743 $252,816
PointsBet $8,714,303 $292,942
WynnBet $2,015,385 $389,437
Resorts World $1,824,698 $34,476
Bally Bet $276,662 $21,920
Totals $345,333,541 $33,928,450

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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.

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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.

Cumulative Totals, Jan. 8-Oct. 30

 
Mobile handle GGRTaxes
FanDuel $5,198,576,130 $501,375,473$255,701,491
DraftKings$3,492,686,482$265,185,379$135,244,543
Caesars $2,378,340,256 $183,240,118 $93,452,460
BetMGM $1,112,302,810 $63,019,776 $32,140,086
PointsBet $341,510,468 $22,598,709 $11,525,342
BetRivers $328,920,467 $17,898,757 $9,128,366
WynnBet $71,732,933 $5,664,936 $2,889,117
Resorts World $46,401,922 $2,492,840 $1,271,348
Bally Bet $4,370,495 $246,179 $125,551
Totals$12,974,841,961 $1,061,722,167 $541,478,305

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Author

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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