For the second week of May, online New York sports betting had its lowest handle ever outside of the very first week of Internet sports betting in early January (which was a partial week) and the lowest yet for a full week as the spring-summer doldrums arrived.
Sports wagering typically slows at this time of year as bookmakers eagerly await NFL betting and college football season to return.
Handle, Revenue Down From Previous Week
For May 9-15, New York online sports gambling slumped to $286.2 million in handle and to nearly $31 million in gross gaming revenue (GGR), according to figures from the New York State Gaming Commission.
Those weekly figures substantially trailed the previous week (May 2-8) which had $331.7 million in handle and $37 million in gross gaming revenue. In the week-to-week comparison, handle was down 13.7% and GGR decreased 16.2%.
New York Mobile Sports Betting, May 9-15
FanDuel Once Again Tops Sportsbooks
FanDuel Sportsbook New York continued to assert its dominance leading the eight New York online sports wagering operators with almost $120.2 million in handle and $17.6 million in GGR for the second week in May. Since online sports betting started in New York, FanDuel has taken about $2.65 billion in wagers with a GGR of $211.5 million.
For handle, DraftKings Sportsbook New York was No. 2, Caesars Sportsbook New York was third and BetMGM Sportsbook New York was fourth for the week.
Cumulative Totals, Jan. 8-May 15
New York Tax Impact Tops $250 Million
Since online sports gambling’s inception in New York, the state has realized almost $251.5 million in taxes as bettors have wagered nearly $6.9 billion overall and operators have had $493.1 million in GGR.