Three Takeaways from Another Strong Week of NY Sports Betting Numbers

Three Takeaways from Another Strong Week of NY Sports Betting Numbers

By Lou Monaco

Fact Checked by Pat McLoone

Maintain and advance.

That is exactly what seven live New York sports betting mobile providers did as the eighth week official figures were released by the New York State Gaming Commission (NYSGC) on Friday.

Here are three takeaways from the New York report, for the week ending Feb. 27:


STEADY AS SHE GOES

The mobile sports wagering handle posted at $350.3 million for Feb. 21-27, a modest drop from $353.43 million the week before, and marking the seventh consecutive week that total handle has been more than $350 million.

Overall mobile Gross Gaming Revenue (GGR) saw a smidge of a drop coming in at $25.34 million, down from $25.44 million. It was the second week and third of the last four that the total GGR was more than $25 million.

Overall handle for all providers since the historic start on Jan. 8 stands at $3.16 billion, with GGR at $204.69 million and taxes to the state at $104.39 million.

NEW YORK MOBILE SPORTS BETTING, FEB. 21-27

Mobile handle GGR
FanDuel $131,988,617 $10,438,399
DraftKings $87,378,019 $7,357,054
Caesars $68,267,344 $4,031,201
BetMGM $37,841,561 $1,909,477
PointsBet $14,359,673 $691,921
BetRivers $8,481,025 $598,149
WynnBet $2,000,044 $311,265
Totals $350,316,283 $25,337,467

FANDUEL FIRST TO ONE BILLION

FanDuel New York became the first mobile provider in the state to handle more than $1 billion ($1.07 billion) since its launch on Jan. 8. Its total GGR is $50.26 million and taxes to the state are at $25.63 million.

Last week, FanDuel was on top of the heap for the fifth consecutive week with a handle of around $132 million, a tick above last week’s total of $130.62 million. Its GGR was $10.44 million, down from $12.3 million a week ago.

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CUMULATIVE TOTALS, JAN. 8-FEB. 27

Mobile handle GGRTaxes
FanDuel $1,070,090,197 $50,256,347 $25,630,737
Caesars $943,947,477 $78,739,334 $40,157,060
DraftKings $757,616,486 $58,931,947 $30,055,293
BetMGM $232,539,490 $7,335,922 $3,741,320
PointsBet $81,996,415 $5,672,673 $2,893,063
BetRivers $69,592,390 $3,017,796 $1,539,076
WynnBet $4,861,510 $731,043 $372,832
Totals $3,160,643,965 $204,685,062 $104,389,382

MARCH MADNESS IS UPON US

Another mobile provider, Resorts World New York, joined the list of live operators in the Empire State on Thursday. Their launch comes at a great time with the NCAA men’s college basketball tournament less than two weeks away.

March Madness always has been a huge sports wagering event, with games taking place over a three-week span. Selection Sunday, when the field of 68 teams is unveiled, is March 13, with first and second rounds taking place March 17-20.

New York bettors get to experience this for the first time and it will be interesting to see official figures coming in each week during the month.

Let the Madness begin!

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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