New Low in Weekly NY Sports Betting and Other Takeaways

New Low in Weekly NY Sports Betting and Other Takeaways

By Lou Monaco

Fact Checked by Pat McLoone

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.

NEW YORK MOBILE SPORTS BETTING, APRIL 25-MAY 1

 
Mobile handle GGR
FanDuel $135,643,300 $9,434,226
DraftKings $64,602,519 $1,422,782
Caesars $43,967,121 $1,361,371
BetMGM $28,380,682 $12,682
PointsBet $10,378,003 $150,478
BetRivers $8,231,281 $384,558
WynnBet $2,361,702 $61,319
Resorts World $1,618,418 $53,071
Totals $295,183,026 $12,880,488

 

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.

CUMULATIVE TOTALS, JAN. 8-MAY 1

 
Mobile handle GGRTaxes
FanDuel $2,380,326,181 $174,493,441 $88,991,655
DraftKings $1,517,817,365 $101,298,718 $51,662,346
Caesars $1,446,615,555 $111,991,957 $57,115,898
BetMGM $556,237,179 $17,261,592 $8,803,412
PointsBet $185,767,323 $10,073,363 $5,137,415
BetRivers $151,096,839 $6,648,411 $3,390,690
WynnBet $24,585,826 $2,523,708 $1,287,091
Resorts World $10,941,154 $868,502 $442,936
Totals $6,273,387,420 $425,159,693 $216,831,443

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.

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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