$1B Strong for 6 Months and Other Takeaways in NY Sports Betting

$1B Strong for 6 Months and Other Takeaways in NY Sports Betting
Fact Checked by Pat McLoone

Happy Six-Month Anniversary, New York!

Here are three takeaways from June monthly New York sports betting figures released Friday by the New York State Gaming Commission (NYSGC):

 

Sixth Consecutive Month of More Than $1 Billion In Total Handle

July 8 marked the six-month anniversary of legalized mobile sports wagering launching in New York and the Empire State celebrated by recording recorded its sixth month in a row of more than $1 billion in total handle for the month of June.

However, it was the lowest amount recorded in total handle and Gross Gaming Revenue (GGR) in those six months.

Cracking the $1 billion number will be even tougher in July. We’ll see.

June’s total handle was more than $1.05 billion, down 16.8% from May ($1.26 billion). The total GGR for June was more than $72.42 million, down 34% from May’s $109.78 million. Tax collected in the state for June was more than $36.93 million. 
 
The state has handled more than $3.7 billion in total handle since the Jan. 8 launch and more than $286.35 million in total GGR. 
 
 

FanDuel No. 1 Again 


FanDuel Sportsbook New York is always at the top and June was no exception.

FanDuel had more than $472.87 million in handle, more than $202.67 million more than DraftKings Sportbook New York, the second-ranked monthly provider. Total GGR for FanDuel: $39.55 million, its lowest since February’s $23.16 million.

Here is a look at some other key NY sportsbook apps:

DraftKings notched $270.20 million in total handle and $16.43 million in total GGR, its lowest monthly numbers to date.

Caesars Sportsbook New York ranked third ($156.37 million handle), its fifth straight drop since January ($627.40 million). Caesar’s revenue was $6.29 million, its third monthly decrease in succession.

BetMGM Sportsbook New York ($92.43 million in total handle and $6.31 million in total GGR) ranked fourth and Rush Street Interactive’s BetRivers Sportsbook New York was No. 5 with $25.3 million in total handle, with $1.799 million in total GGR.

Stay up to date with news on all the operators and discover the best New York sports betting promos at NewYorkBets.com.

Decreases In Total Numbers Bring Up Other Factors

The summer months and the economy are in play here.

June has very few sports to choose from, plus bettors head to the beaches and other outdoor spots.

Sports wagering typically slows at this time of year as retail and mobile providers eagerly await college and NFL football seasons to return. 
 
Also, you have to figure economic concerns means customers have less money to wager and keeping their money in their wallets or accounts in order for more pending issues such as keeping up with the bills and paying more for gas to get around.

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Contributors

Lou Monaco has been a columnist for Gaming Today in Las Vegas and has over 30 years sports experience with previous stints at ESPN SportsTicker, Daily Racing Form and Oddschecker.

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