Closing in on $3B Overall and Other Takeaways on New York Sports Betting

Closing in on $3B Overall and Other Takeaways on New York Sports Betting

By Lou Monaco

Fact Checked by Pat McLoone

New York sports betting has been heads above everyone else since its inaugural launch during the last weekend of the NFL regular season Jan. 8.

On Friday, the seventh week of official weekly figures were released by the New York State Gaming Commission (NYSGC). Without football, last week was a bit of a reality check as five of the seven live mobile operators posted decreases in individual weekly handles.

Here are three takeaways from the New York report, for the week ending Feb. 20:

CLOSING IN ON $3 BILLION TOTAL HANDLE

From Jan. 8-Feb. 20, New York’s total mobile sports wagering handle came in at $2,810,327,682 with a total Gross Gaming revenue (GGR) of $179,347,595 and a nice hefty sum of taxes coming to the state at $91,467,273.

NEW YORK SPORTS BETTING, FEB. 14-20

Mobile handle GGR
FanDuel $130,615,127 $12,298,065
DraftKings $93,866,155 $4,463,927
Caesars $65,811,646 $4,228,911
BetMGM $39,060,165 $2,120,843
PointsBet $13,819,780 $1,577,153
BetRivers $8,750,825 $535,745
WynnBet $1,508,285 $212,059
Totals $353,431,983 $25,436,702

FANDUEL TOPS AGAIN FOR FOURTH STRAIGHT WEEK

For the fourth week in a row, FanDuel New York was No. 1 with a handle of $130.62 million, down from last week’s $175.44 million. Its GGR was $12.3 million, which was up from last week’s minus-$2.72 million. FanDuel has generated close to $1 billion from Jan. 8-Feb. 20, coming in at $938.1 million, with a GGR of $39.82 million.

START OF STATUS QUO NUMBERS?

As is usual when the professional and collegiate football seasons come to a close, will we see huge declines during the spring and summer seasons before the start of the NFL exhibition season or will numbers remain relatively stagnant?

The next big sporting event that could come close to the historic football figures is the NCAA men’s college basketball tournament (March Madness), which starts with Selection Sunday on March 13, with the first and second rounds being held March 17-20.

Sports bettors are also waiting for the start of the Major League Baseball exhibition and regular seasons to begin, whenever the current lockout ends.

To get a better handle on where to wager, check NewYorkBets.com for the most updated New York sports betting promo codes

CUMULATIVE TOTALS, JAN. 8-FEB. 20

Mobile handle GGRTaxes
FanDuel $938,101,579 $39,817,948 $20,307,153
Caesars $875,680,133 $74,708,133 $38,101,148
DraftKings $670,238,467 $51,574,893 $26,303,195
BetMGM $194,697,929 $5,426,445 $2,767,487
PointsBet $67,636,742 $4,980,752 $2,540,184
BetRivers $61,111,365 $2,419,647 $1,234,020
WynnBet $2,861,466 $419,777 $214,086
Totals $2,810,327,682 $179,347,595 $91,467,273
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WRITTEN BY
NewYorkBets.com
Lou Monaco
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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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.
... Read More