New York Sports Betting Looks Bright and Other Key Takeaways

New York Sports Betting Looks Bright and Other Key Takeaways

By Lou Monaco

Fact Checked by Pat McLoone

Official weekly numbers for New York sports betting mobile providers are out and all eight fared rather well.

Here are three takeaways for numbers compiled Friday by the New York State Gaming Commission (NYSGC) for the week ending April 24.

Empire State Faring Well in April

New York posted its largest gross gaming revenue (GGR) and second-largest handle of the month.

New York bettors wagered $334.49 million in total mobile handle, an increase of more than $21 million from the week before. Revenue for the state posted its second consecutive number above $30 million ($36.46 million).

All New York online sports wagering operators since the Jan. 8 launch of mobile betting have a combined handle of $5.97 billion and a GGR of more than $412.34 million.

New York Mobile Sports Betting, April 18-24

 
Mobile handle GGR
FanDuel $145,319,117 $21,188,729
DraftKings $78,153,044 $7,165,122
Caesars $54,234,037 $3,929,040
BetMGM $32,460,692 $2,399,108
PointsBet $10,475,477 $858,915
BetRivers $9,798,123 $679,843
WynnBet $2,307,443 $127,273
Resorts World $1,740,711 $111,536
Totals $334,488,644 $36,459,567

Increases in Handle, Revenue for Most

Seven of the eight mobile providers had increases in total weekly handle from the week before. Only PointsBet Sportsbook New York, which had a $7.29 million decrease from the week before, posted at $10.48 million.

Seven of the eight also had GGR increases. Only Resorts World Sportsbook New York did not. Bally Bet Sportsbook New York is the only licensed operator that has not gone live yet.

Cumulative Totals, Jan. 8-April 24

 
Mobile handle GGRTaxes
FanDuel $2,244,682,880 $165,059,215 $84,180,200
DraftKings $1,453,214,846 $99,875,936 $50,936,727
Caesars $1,402,648,434 $110,630,586 $56,421,599
BetMGM $527,856,497 $17,248,909 $8,796,944
PointsBet $175,389,320 $9,922,885 $5,060,671
BetRivers $142,865,558 $6,263,853 $3,194,565
WynnBet $22,224,124 $2,462,389 $1,255,818
Resorts World $9,122,369 $879,424 $448,506
Totals $5,978,004,027 $412,343,197 $210,295,030

May to Bring Events and More Opportunities

Starting Sunday, more events and playoff action are scattered across May’s sporting landscape, giving bettors more options to achieve success.

The NBA Playoffs enter its next phase of conference semifinal matchups and the Stanley Cup Playoffs begin next week.

The “fastest two minutes in sports” takes place Saturday, May 7, with the running of the Kentucky Derby at famed Churchill Downs in Louisville, Ky.

The NFL Draft ends Saturday but have no fear. The league will announce its regular season schedule May 12. Immediately thereafter, sportsbooks will update future odds on teams for the Super Bowl and provide Week 1 spreads.

French Open tennis takes place from May 16-June 5. Golf’s second major of the season, the PGA Championship, takes place May 19-22. May 21 is the running of the second jewel of the Triple Crown, The Preakness, at Pimlico Race Course in Baltimore. Auto racing’s Indianapolis 500 takes place May 29, signaling the start of summer.

And, oh yeah: Major League Baseball is a daily occurrence as well.

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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