Here are three takeaways for numbers compiled Friday by the New York State Gaming Commission (NYSGC) for the week ending May 1:
Handle, Revenue Down – Lowest So Far
New York sports betting numbers for the week ending May 1 showed the lowest total handle and gross gaming revenue (GGR) since fiscal year 2022-23 reporting started with the week ending April 3. In fact, it was the lowest full week since mobile started on Jan. 8.
For the week of April 25-May 1, New York bettors wagered $295.18 million in total mobile handle. That is a $39.31 million decrease from the previous week’s $334.49 million.
The total GGR for the state was at its lowest for the first five weeks of the new fiscal year at $12.88 million.
Since the launch of mobile sports betting in the Empire State, online operators have combined for a handle of more than $6.27 billion and a GGR of more than $425.16 million.
Top 4 Providers All Show Decreases
FanDuel Sportsbook New York, DraftKings Sportsbook New York, Caesars Sportsbook New York and BetMGM Sportsbook New York all showed decreases for the week in total handle and GGR.
WynnBet Sportsbook New York was the only provider out of the eight active to show an increase and had its highest handle thus far for the new fiscal year, posting $2.36 million, up from $2.3 million a week earlier. However, its GGR was down from $127,273 to $61,319.
NewYorkBets.com is a great source for updates and the best mobile New York sports betting promo codes.
A Mammoth May Awaits?
Unlike April, a wide choice of postseason playoff action – including the start of the NHL playoffs – and high-level events such as the PGA Championship, French Open and Indianapolis 500 will provide betting opportunities in May for consumers in the Empire State.
Plus, we could see Bally Bet finally launch, which would offer another sports betting experience to new and current customers of mobile sports wagering.