The $2B Operator and Other New York Sports Betting Key Takeaways

The $2B Operator and Other New York Sports Betting Key Takeaways

By Lou Monaco

Fact Checked by Pat McLoone

Official weekly numbers for New York sports betting mobile providers were released on Friday by the New York State Gaming Commission (NYSGC) and one provider continues to outshine the rest.

Here are three takeaways for the week ending April 17:

FanDuel Eclipses Two Billion Mark in 100 Days

When you add in this week’s official figures for the week, FanDuel Sportsbook New York has surpassed the $2 billion dollar mark in total mobile wagering handle in exactly 100 days since its launch in the Empire State on Jan. 8.

The number of $2,099,363,763 came on Sunday, April 17, when the 100-day milestone of legalized mobile sports wagering in the state was official.

FanDuel again leads in New York sports betting with a $131.79 million post in total weekly handle, a $10.25 million decrease from $142.03 million the previous week. Its weekly GGR was way up, to $22.08 million, $14.12 million better than the week ending April 10.

FanDuel has a total Gross Gaming Revenue (GGR) of $143.87 million and taxes to the state at $73.4 million since launch.

NEW YORK MOBILE SPORTS BETTING, APRIL 11-17

Mobile handle GGR
FanDuel $131,793,069 $22,081,850
DraftKings $72,108,528 $5,785,438
Caesars $49,871,012 $3,354,559
BetMGM $31,008,404 $1,142,063
PointsBet $17,768,556 $363,905
BetRivers $7,544,834 $236,575
WynnBet $2,023,914 $92,772
Resorts World $1,074,522 $160,730
Totals $313,192,840 $33,217,892

State’s Weekly Handle Drops, Revenue Soars

New York bettors wagered $313.2 million in total mobile handle April 11-17, down $22.6 million from $335.81 million a week earlier. Four of the eight live operators fared better in their total weekly handles than the previous week. The four were Caesars Sportsbook New York, PointsBet Sportsbook New York, WynnBet Sportsbook New York and Resorts World Sportsbook New York.

There was a boost of more than $20 million in total GGR from the previous week. It rose to $33.22 million from $12.93 million for the week ending April 10.

In all, sports wagering operators have combined for a handle of more than $5.64 billion and a GGR of more than $375.88 million. New York, buoyed by its tax rate of 51%, has collected more than $191.7 million.

Bally Bet New York, the final of the nine licensed mobile providers, is expected to launch sometime soon, perhaps by the end of April.

CUMULATIVE TOTALS, JAN. 8-APRIL 17

Mobile handle GGRTaxes
FanDuel $2,099,363,763 $143,870,485 $73,373,947
DraftKings $1,375,061,802 $92,710,814 $47,282,515
Caesars $1,348,414,397 $106,701,546 $54,417,788
BetMGM $495,395,805 $14,849,801 $7,573,399
PointsBet $164,913,843 $9,063,970 $4,622,625
BetRivers $133,067,435 $5,584,009 $2,847,845
WynnBet $19,916,682 $2,335,115 $1,190,909
Resorts World $7,381,658 $767,888 $391,623
Totals $5,643,515,385 $375,883,630 $191,700,651

What’s Next?

The New York Yankees are off to a sluggish start, but the New York Mets became the first team in Major League Baseball to reach the 10-win mark.

The New York Rangers will be the lone team in the area to make the NHL postseason. The Stanley Cup playoffs start May 2.

The Brooklyn Nets could be out of the playoffs in NBA betting by this time next week as they trail the Boston Celtics, two games to none, in their best-of-seven playoff series, with Game 3 Saturday in Brooklyn.

All in all, though. there should be enough to keep New York bettors satisfied for the next few weeks. If you need more information, stay close to EmpireStakes.com, where you also can find the best New York sports betting 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