Assessing Top Operators and Other Takeaways in NY Sports Betting

Assessing Top Operators and Other Takeaways in NY Sports Betting
By Bill Ordine
Fact Checked by Pat McLoone

New York’s online gaming industry began May with $331.7 million in handle and $37 million in Gross Gaming Revenue (GGR) for the week of May 2-8.

Here are the highlights.

FanDuel’s Dominance Continues

FanDuel holds itself out as the top sports online betting operator in America and its performance in New York will allow it to keep making that boast.

For May 2-8, FanDuel Sportsbook New York had more than $145 million in handle and almost $19.4 million in GGR, tops among the eight operators.

Since online New York sports betting began in in January, FanDuel has outdistanced the competition with a little more than $2.5 billion in handle.

DraftKings Sportsbook New York and Caesars Sportsbook New York trail FanDuel by roughly $1 billion each in that category.

NEW YORK MOBILE SPORTS BETTING, MAY 2-8

 
Mobile handle GGR
FanDuel $145,144,113 $19,370,029
DraftKings $78,871,062 $8,743,086
Caesars $52,028,640 $4,633,807
BetMGM $31,325,596 $2,384,717
PointsBet $12,976,974 $711,215
BetRivers $7,549,694 $736,299
WynnBet $2,386,678 $341,316
Resorts World $1,454,193 $82,724
Totals $331,736,949 $37,003,194

 

DraftKings, Caesars jockey in 2-3

Among the seven other operators, DraftKings and Caesars Sportsbook are in a 2-3 race. For May 2-8, DraftKings had about $78.9 million in handle and $8.7 million in GGR.

Caesars Sportsbook, after a torrid start early this year, shows signs of settling into third place in New York with $52 million in handle for the latest reporting week and $4.6 million in GGR. Year-to-date, Caesars still has about a $6.5 million lead over DraftKings for GGR.

State Enjoys Healthy Tax Haul

Overall, more than $6.6 billion has been bet on sports online since Jan. 8 in New York and the state has collected $235.7 million in taxes. FanDuel has grabbed more 38% of the market by handle. And the big 3 of FanDuel, Draft Kings and Caesars Sportsbook have captured about 85% of the handle.

CUMULATIVE TOTALS, JAN. 8-MAY 8

 
Mobile handle GGRTaxes
FanDuel $2,525,470,293 $193,863,470 $98,870,370
DraftKings $1,596,688,427 $110,041,804 $56,121,320
Caesars $1,498,644,195 $116,625,763 $59,479,139
BetMGM $587,562,775 $19,646,309 $10,019,618
PointsBet $198,744,297 $10,784,579 $5,500,135
BetRivers $158,646,533 $7,384,710 $3,766,202
WynnBet $26,972,504 $2,865,024 $1,461,162
Resorts World $12,395,347 $951,227 $485,126
Totals $6,605,124,369 $462,162,887 $235,703,072
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Contributors

Bill Ordine was a reporter and editor in news and sports for the Philadelphia Inquirer and Baltimore Sun for 25 years, and was a lead reporter on a team that was a finalist for the Pulitzer Prize in Breaking News. Bill started reporting on casinos and gaming shortly after Atlantic City’s first gambling halls opened and wrote a syndicated column on travel to casino destinations for 10 years. He covered the World Series of Poker for a decade and his articles on gaming have appeared in many major U.S. newspapers, such as the Los Angeles Times, Chicago Tribune, Miami Herald and others.

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