First 9 Days of Mobile New York Sports Betting by the Numbers

First 9 Days of Mobile New York Sports Betting by the Numbers

By Lou Monaco

Could the start of mobile New York sports betting have gone any better? There were some technical glitches, but there isn’t a legal sports betting state that wouldn’t take the numbers put up by New York over the first nine days.

Here’s a look at the mobile figures posted Friday by the New York State Gaming Commission (NYSGC) with four sportsbooks live — Caesars Sportsbook New York, DraftKings NY, FanDuel New York and BetRivers NY:

The NYSCG posts figures weekly and monthly, so the first report was for Jan. 8-9 (the opening weekend) and the second report was from Jan. 10-16.

  • $603,053,836: The total handle recorded from Jan. 8-16 by the four sportsbook operators in the mobile New York sports betting market.
  • $48,224,783: Total Gross Gaming Revenue (GGR) reported.
  • $24,594,639: Amount of taxes paid to the state, already a new U.S. record. Mobile sports wagering GGR is taxed at 51% in New York, tied for highest in the country with New Hampshire.


A Look at Each NY Sportsbook

Using an aggressive promotion campaign that targeted new bettors in the state, Caesars NY had the best start of the four New York sports betting apps. Users of the Caesars app expressed frustration on social media, but Caesars was still able to easily outpace its competitors.

Caesars NY reported $257.65 million in mobile handle ($67.4 million on June 8-9 and $190.23 million from Jan. 10-16). Caesars’ GGR was at $22.71 million over the first nine days, resulting in about $11.6 million in taxes.

“As excited as we are, our work is just getting started to provide New York sports fans the best sports betting experience in the market and we’ve appreciated customer feedback as we’ve worked to improve their experience since launch,” Chris Holdren, co-president of Caesars Digital, said in a news release on Friday. "We know there is room to perfect our service offering in order to provide a product that exceeds expectations and we’re in New York for the long haul to do just that.”


FanDuel New York handled just over $200 million ($200.35 million) in mobile wagers from Jan. 8-16. It had $63.23 million on opening weekend and $137.1 million in handle from Jan. 10-16. The total GGR was $14.14 million, resulting in a tax bill of $7.2 million.

DraftKings NY’s mobile handle was $134.4 million ($38.5 million on opening weekend and $95.9 million from Jan. 10-16). GGR was $10.92 million and it paid just under $5.6 million in taxes.

BetRivers New York posted a mobile handle of $10.63 million from Jan. 8-16. Its GGR was $446,696 and taxes were $227,814.


NEW YORK MOBILE SPORTS BETTING, JAN. 8-16

Mobile handle GGRTaxes
Caesars$257,651,199$22,714,739$11,584,516
FanDuel $200,351,886 $14,140,799$7,211,807
DraftKings $134,417,078 $10,922,549$5,570,499
BetRivers $10,633,673 $446,696$227,814
Totals $603,053,836 $48,224,783 $24,594,636


Next Report Will Include BetMGM

BetMGM New York was the fifth mobile sportsbook to go live (Jan. 17) and was not included in the reports from the first two weeks. It will be included in the weekly report covering Jan. 17-23.

PointsBet New York, WynnBET New York, BallyBet New York and Resorts World New York are still waiting to launch. Some are hoping approval from the NYSGC could come as soon as early next week and it certainly is expected before the Feb. 13 Super Bowl at SoFi Stadium in Inglewood, California.

Sportsbooks in New York are constantly offering new promotions, so keep checking this New York sports betting promo code page for the latest deals.

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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