It’s official … finally!
The first monthly handle and revenue report for mobile New York sports betting was released Thursday, and the numbers are historic, staggering and record-breaking.
Here are three key takeaways from the first full month of figures released by the New York State Gaming Commission (NYSGC):
New York Sports Betting the New King
New York’s total handle, mobile handle and revenue all established first-time state records and completely topped all previous records on the national scene of legalized sports betting.
The state’s mobile sportsbooks, with an upstate dash of retail, totaled $1.69 billion dollars (mobile, retail combined) in total sports wagering handle.
Launched Jan. 8, mobile sports betting handle was $1.669 billion for the first month and the only category that was down in the state was retail sports betting handle at $16.54 million, which was a decrease of 21.7% from December’s $21.12 million.
Total sports betting revenue (GGR) for January was $123.81 million combined for mobile and retail. Mobile revenue in its first month was $124.13 million, and retail revenue had a minus-$328,829, down from $764,614 in December.
New York Sports Betting, January 2022
|Total handle||Mobile handle||Revenue|
New Yorkers Hailing Caesars
Caesars Sportsbook was the first monthly winner among six mobile providers that are live, generating $627,401,761 in mobile handle ($109 million more than FanDuel) and $58.98 million in mobile gross gaming revenue (GGR), close to $30 million more than DraftKings.
Other mobile handle numbers: FanDuel $517,492,498; DraftKings $377,952,846; BetMGM $82,204,532; BetRivers $33,465,116; and PointsBet $31,202,281.
Other mobile GGR numbers: DraftKings $29,582,503; FanDuel $28,089,392; BetMGM $3,847,998; PointsBet $2,561,623; and BetRivers $1,072,328.
WynnBET, the state’s seventh of nine mobile operators to go live, did not launch until Feb. 14.
For the latest deals in the state betting market, check out NewYorkBets.com’s New York sports betting promo codes.
Where Does State Go from Here?
The two remaining mobile operators to launch are Bally Bet (expected to in April) and Resorts World NY.
This past Sunday’s Super Bowl figures will be incorporated as part of the weekly numbers to be released Friday by the New York State Gaming Commission (NYSGC).
With football now in the rear-view mirror, some questions to ponder:
Will there be a decline in the inaugural numbers moving forward? ...
Could the state get to $2 billion in handle for the month of February, when the next monthly report is published? ...
How will upcoming events like the Daytona 500, men’s college basketball conference tournaments and March Madness, The Masters and the eventual start of the Major League Baseball season affect the numbers in the future? …
With the foundation now set, it’s going to be fun to find out.