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.
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.