History is only a day away.
The New York State Gaming Commission (NYSGC) on Friday will release figures for handle, Gross Gaming Revenue (GGR) and amount of taxes being sent to the state. The handle number for New York sports betting certainly will surpass the monthly record of $1.303 billion, which was set in October 2021 by New York’s neighbor, New Jersey.
Just for the time period of Jan. 17-23, New York notched $572.55 million in total sports handle, $43.2 million in total GGR and $22 million in the amount of taxes paid to the state.
For the month, New York has rolled up $1.175 billion in total handle. The GGR posts at $91.427 million and taxes to the state post at $46.628 million. Now, keep in mind, by “month,” we are talking only numbers since Jan. 8, when mobile launched in the state.
Can you fathom what the numbers would be like if the first seven days of January were live? Can you say two billion?
State Sen. Joseph P. Addabbo Jr., the chairman of the Senate Committee on Racing, Gaming and Wagering, has been a driving force to get mobile sports wagering in place. He is happy to see the work of he and many others paying off.
“We had been at this for over two years and to see this reality and hypothesizing this, we are very pleased with what has happened," he said Thursday. "New York has a great fan base and the savvy bettor that we have had throughout the state has been incredible. The potential was always there. Kudos to Gov. Kathy Hochul and her administration, the NYSGC and the operators for launching and operating with minor hiccups."
The Operators and How Each Has Fared
This is a breakdown of the operators and the amounts each contributed so far to the handle of $1.175 billion.
Caesars Sportsbook New York leads the way with a handle to date of $487.36 million.
Next in line is Fan Duel New York at $360.005 million, followed by DraftKings ($265.475 million), BetMGM ($40.569 million) and BetRivers ($22.195 million).
What About the Other Sportsbooks?
BetMGM already has posted a big number, even though it didn’t get going until Jan. 17. PointsBet started Jan. 25 and has not posted numbers yet. It is unclear if PointsBet figures will be included in Friday’s accounting.
WynnBET New York received approval for its launch by the NYSGC earlier this week. A time or date has not been set, but a live operation is believed to be imminent.
Last week, the chairman of BallyBet New York said his company would start in April.
A Resorts World New York spokesperson Tuesday said it hoped to launch "ASAP.”
You can see all the best offers at NewYorkBets.com by checking out our best New York sports promo codes here.
Mobile Got Jump Start Last November
Retail was the only form of legal sports wagering in the Empire State until last month.
Back on Nov. 8, the NYSGC granted licenses to nine operators for mobile sports betting licenses: Caesars, BetMGM, DraftKings, FanDuel, BetRivers, PointsBet, WynnBET, Bally’s and Resorts World.
With a little less than 20 million residents, New York ranks fourth among states in population. Still, many saw the state as the crown jewel for sports betting.
Tomorrow, the country will see why.