New York Sports Betting Handle Back to Reality to Start October

After posting some of the highest numbers in state history last week, New York sports betting took a bit of a reality check as official figures were released for the week ending Oct. 8 on Thursday by the New York State Gaming Commission (NYSGC).

Mobile handle for the Empire State generated more than $393.53 million, a solid decline of $75.27 million from the week prior. It also snapped a four-week streak of more than $400 million posted. Total Gross Gaming Revenue (GGR) for the week saw a slight uptick to $30.9 million, a modest $4.07 million gain from the week prior ($26.84 million). Taxes collected by the state were $15.76 million, a $2.07 million increase from the week prior ($13.69 million). The New York sports betting 51% tax rate is tied with New Hampshire for the highest in the nation.

Since the launch of NY betting apps, the Empire State is inching closer and closer to the $30 billion mark in handle, as it has generated $29.642 billion in handle, $2.563 billion in GGR and $1.307 billion in taxes.

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New York Mobile Sports Betting, Week Ending Oct. 8

	Mobile handle	GGR
FanDuel	$160,627,538	$12,077,943
DraftKings	$140,058,063	$12,639,646
Caesars	$40,903,887	$2,584,993
BetMGM	$23,621,732	$1,488,464
BetRivers	$17,498,546	$1,320,360
PointsBet	$6,155,161	$304,759
WynnBet	$2,733,987	$176,552
Resorts World	$1,934,663	$327,496
Bally Bet	$0	$0
Totals	$393,533,576	$30,920,214

Weekly tax: $15,769,309

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FanDuel Overtakes DraftKings for the Week

FanDuel NY, the state’s No. 1 overall provider, regained the top weekly spot posting $160.62 million for its sixth straight week over $120 million. DraftKings, which posted its largest weekly handle ($196.1 million) the prior week, came down a bit to $140.05 million.

The remaining handles: Caesars ($40.90 million), BetMGM ($23.62M), BetRivers ($17.49M), PointsBet ($6.15M), WynnBet NY ($2.73M) and Resorts World ($1.93M, sixth straight week over $1M). BallyBet is transitioning to a new platform and has not been on the weekly report for 15 straight weeks.

Week 6 of the NFL season started Thursday night as Kansas City (5-1) upended Denver (1-5), 19-8. The New York Jets (2-3) will host their neighbors down the New Jersey Turnpike, the Philadelphia Eagles (5-1), at 4:25 p.m., Sunday, and the New York Giants (1-4) will visit their neighbors upstate, the Buffalo Bills (3-2), at 8:20 p.m., Sunday night (NBC).

The Bills Super Bowl odds are the fourth-best in the NFL at +850. San Francisco has the top title odds at +400.

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Cumulative Totals, Jan. 8, 2022-Oct. 8, 2023

	Mobile handle	GGR	Taxes
FanDuel	$11,873,889,086	$1,233,306,312	$628,986,219
DraftKings	$9,356,015,206	$754,040,184	$384,560,494
Caesars	$4,381,001,841	$320,911,574	$163,664,903
BetMGM	$2,256,044,141	$150,143,060	$76,572,961
BetRivers	$807,683,968	$47,608,392	$24,280,280
PointsBet	$666,497,060	$40,319,744	$20,563,069
WynnBet	$178,196,013	$10,472,775	$5,341,115
Resorts World	$107,114,152	$5,991,014	$3,055,417
Bally Bet	$16,370,924	$917,669	$468,011
Totals	$29,642,812,389	$2,563,710,727	$1,307,492,471