Not-So-Sweet 16 and Other Takeaways from New York Sports Betting Figures

Not-So-Sweet 16 and Other Takeaways from New York Sports Betting Figures

By Lou Monaco

Fact Checked by Pat McLoone

What was supposed to be sweet turned sour last week for New York sports betting mobile operators.

The high of the first major week of March Madness dropped considerably for Week 2 as official figures were released by the New York State Gaming Commission (NYSGC) on Friday for eight live sports betting providers.

Here are three takeaways for the week ending March 27:

SWEET 16, ELITE EIGHT PROVED ANYTHING BUT

After posting a massive total mobile sports wagering handle of $427.97 million for the week ending March 20, New York bettors wagered about $100 million less for the week of March 21-27, posting $327.83 million.

The state’s weekly total handle was the lowest since the first two days of official figures reported by the NYSGC among the Empire State’s initial then-four live mobile operators ending on Jan. 9 ($171.3 million).

The state’s total Gross Gaming Revenue (GGR) was $13.93 million. That is two consecutive weekly decreases. All eight of the state of New York’s eight live mobile providers showed decreases in total handle and GGR for the week.

NEW YORK MOBILE SPORTS BETTING, MARCH 21-27

Mobile handle GGR
FanDuel $133,100,095 $9,530,287
DraftKings $83,046,206 $1,859,707
Caesars $56,915,566 $2,277,522
BetMGM $36,354,194 minus-$432,577
BetRivers $8,040,398 minus-$48,365
PointsBet $7,297,398 $460,360
WynnBet $1,973,837 $193,592
Resorts World $1,108,773 $87,231
Totals $327,836,467 $13,927,758

ALL OPERATORS WERE DOWN

The other four online operators in the Empire State showed decreases as well as the four-highest for the week.

BetRivers New York, fifth among providers for the week, posted $8.04 million in total handle, with minus-$48,365 in total GGR.

PointsBet New York posted $7.3million in handle – good for sixth – with a total GGR of $460,360.

WynnBet New York fell just shy of $2 million, with $1.97 million in handle and a total GGR of $193,592.

The most rcent sportsbook to launch its mobile product, Resorts World New York, posted $1.1 million in total handle in only its fourth week of reporting (three straight over $1 million). Its total GGR was $87,231.

Bally Bet, the final of the nine mobile providers, is expected to launch sometime this month.

CUMULATIVE TOTALS, JAN. 8-MARCH 27

Mobile handle GGRTaxes
FanDuel $1,689,810,199 $110,012,341 $56,106,294
Caesars $1,200,309,806 $98,398,278 $50,183,122
DraftKings $1,146,480,314 $79,101,231 $40,341,628
BetMGM $391,256,490 $11,771,752 $6,003,594
PointsBet $128,127,049 $8,360,625 $4,263,919
BetRivers $108,082,273 $4,609,306 $2,350,746
WynnBet $13,789,025 $1,844,451 $940,670
Resorts World $4,524,603 $453,470 $231,270
Totals $4,682,379,757 $314,551,455 $160,421,242

NO JOKE! MORE BIG EVENTS COMING UP

The last weekend of March Madness happens Saturday with the Final Four and Monday night with the national championship on the line. Fewer games could mean more interest and numbers should increase for the start of April.

Big events don’t end there with the NCAA Women’s Final Four and championship on Friday and Sunday, respectively.

April could start out with a roar for New York bettors and providers.

Don’t forget to take a look at EmpireStakes.com whenever you are seeking updates and the best New York sports promo codes.

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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