NY Sports Betting: 3 Takeaways as Weekly Numbers Stay High

NY Sports Betting: 3 Takeaways as Weekly Numbers Stay High
By Lou Monaco

The Los Angeles Rams’ win over the Cincinnati Bengals in Super Bowl LVI made for enjoyable viewing, and it proved to be fun for seven mobile operators as well in New York sports betting.

On Friday, the sixth week of official weekly figures released by the New York State Gaming Commission (NYSGC) showed why.

Here are three takeaways from the New York report, for the week ending Feb. 13.

HANDLE BOOSTED BY SUPER BOWL


The last day of the weekly numbers report proved to be huge for the state overall. Mobile sports wagering handle posted at $472.14 million, a $112.29 million jump from the week before. It was also the second highest total since $572.55 million ending the week of Jan. 23.

Overall, mobile Gross Gaming Revenue (GGR) came in at $15.39 million, down from last week’s total of $25.52 million.

These operators are always jockeying for position, so check out NewYorkBets.com for updates and the latest New York sports betting promo codes.

3 IN A ROW FOR FANDUEL


FanDuel New York topped all operators for the third straight week with $175.44 million, an increase of more than $45 million from the week before. Its GGR was minus-$2.72 million, a decrease of more than $8 million from the week before ($6.63 million).

In second place was DraftKings New York, which posted a mobile handle of $121.46 million, a major increase from $87.25 million a week ago. It also was the second largest since a $131 million post from the week ending Jan. 23. Its GGR was its highest to date at $11.32 million.

Caesars Sportsbook New York finished third for the week but was in first place over 30 days with a handle of $702.65 million. Its GGR was its lowest so far at $5.82 million.

WHAT’S NEXT AS FOOTBALL ENDS?


With the success of mobile sports betting since the last weekend of the NFL regular season, the industry in New York will have to rely on other events to match or even exceed its historic numbers of the last six weeks.

With BallyBet New York (launching in April) and Resorts World New York yet to begin mobile operations, the other providers will look to future events to continue upward trends, such as this Sunday’s Daytona 500, men’s college basketball conference tournaments and March Madness, The Masters, NBA and NHL playoffs and the eventual start of Major League Baseball’s regular season, when the Mets and Yankees will take center stage.

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Contributors

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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