Here are three takeaways from April’s official mobile New York sports betting figures, released Monday morning by the New York State Gaming Commission (NYSGC):
Spring, Summer Doldrums Begin
Both major sports betting events - Super Bowl/NFL Playoffs and March Madness - are behind us, so anticipation for the upcoming NFL and college football seasons will grow as each month passes during the spring and summer seasons.
The New York Knicks are generating some action on NY sports betting apps in the NBA Playoffs but are trailing 2-1 in their best-of-seven series with the Miami Heat.
The New York Rangers were knocked out of the NHL Playoffs by one of their heated rivals, the New Jersey Devils, earlier this month. Plus, both the Mets and Yankees have not had the best of starts to their baseball seasons.
The sports betting optimism is just not there right now, unless the Knicks can find a way to win their Eastern Conference semifinal series. Check out the variety of NY sportsbook promos on the NBA playoffs.
April Showed Decreases, Better Than Last Year
April showed declines in both handle and revenue, compared to March, in the Empire State.
Total sports betting handle (retail and mobile combined) for the month generated more than $1.55 billion, a 13.5% decrease from March ($1.793 billion).
However, the handle showed an 11% increase from April 2022 ($1.397 billion).
April mobile sports betting handle totaled more than $1.544 billion, down 13.5% ($241.48 million) from March ($1.786 billion) and up 11.1% from April 2022 ($1.391 billion).
As Memorial Day weekend and summer approach - and with people doing other things outdoors - hopefully both baseball teams can start performing better to add to New York MLB betting.
Golf now begins to take center stage with the PGA Championship in Rochester next week and the U.S. Open in California in June.
Tennis also will show some wagering with the French Open and Wimbledon in the coming months.
Still, honestly, all eyes will be on NFL and college football seasons, which begin in August. Sports betting will just show some tiredness over the next couple of months until then.
That’s why operators like FanDuel New York and others in the state again will approach new heights.
Best thing to do in the meantime is get some rest.