The stark reality of no professional football set in with Betting Apps NY mobile providers as they posted decreases in most of their individual handles and a big drop overall.
Figures released by the New York State Gaming Commission (NYSGC) Friday showed mobile sports wagering handle posted at $353.43 million for Feb. 14-20, down $118.7 million from the week before, which ended with the closely matched Super Bowl LVI on Feb. 13 between the Cincinnati Bengals and Los Angeles Rams.
The good news was overall mobile Gross Gaming Revenue (GGR) came in at $25.43 million, up $10 million from the previous week. That, in turn, meant that $12,972,718 went into state coffers. That figure is calculated by taking the state tax rate of 51% out of the GGR number.
From Jan. 8 through Feb. 20, overall handle for all providers stands at $2.81 billion, with GGR at $179.35 million and taxes to the state at $91.47 million.
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NEW YORK SPORTS BETTING, FEB. 14-20
| Mobile handle | GGR | |
|---|---|---|
| FanDuel | $130,615,127 | $12,298,065 |
| DraftKings | $93,866,155 | $4,463,927 |
| Caesars | $65,811,646 | $4,228,911 |
| BetMGM | $39,060,165 | $2,120,843 |
| PointsBet | $13,819,780 | $1,577,153 |
| BetRivers | $8,750,825 | $535,745 |
| WynnBet | $1,508,285 | $212,059 |
| Totals | $353,431,983 | $25,436,702 |
HOW THE SPORTSBOOKS FARED
Let’s take a quick look at how the seven live sportsbooks fared:
FanDuel New York was No. 1 for the fourth consecutive week with a handle of $130.62 million, down from the previous week’s $175.44 million. Its GGR was $12.3 million, up from minus-$2.73 million for Feb. 7-13. FanDuel has generated close to $1 billion from Jan. 8-Feb. 20, coming in at $938.1 million, with a GGR of $39.82 million to the state.
DraftKings New York was second for the week and posted a mobile handle of $93.87 million, down from $121.46 million. Its GGR was $4.46 million. For the period of Jan. 8-Feb. 20, DraftKings has generated $670.24 million in handle, with a GGR of $51.57 million.
Caesars Sportsbook New York, which was tops over 30 days with a handle of $702.65 million, finished third for the week with $65.81 million in handle, a considerable decrease from $107.21 million a week earlier. Its GGR was its lowest so far at $4.23 million, down from $5.82 million from the previous week.
From Jan 8-Feb 20, Caesars' total handle came in at $875.68 million (second among all providers), with a GGR of $74.7 million – the highest among the seven live operators.
BetMGM launched Jan. 17 and placed fourth, posting $39 million handle for the week, with a GGR of $2.12 million. From Jan. 8-Feb. 20, BetMGM has posted a total handle of $194.7 million with a GGR of $5.43 million.
PointsBet New York, which launched Jan. 25, maintained fifth place for the third week in a row, plus was one of two providers with an increase in weekly total handle. PointsBet came in at $13.82 million, up from $12.12 million. Its GGR for the week of Feb. 14-20 was $1.58 million. Its total handle from Jan. 8 to date registered at $67.64 million with $4.98 million in GGR.
BetRivers New York posted $8.75 million in handle for the week, with a GGR of $535,745, up from $284,625 a week earlier. Its total to date is $61.1 million in handle and $2.4 million in GGR.
In just its third week of reporting, WynnBET — which launched Feb. 4 — had its highest handle at $1.5 million, up from $1.1 million a week earlier. Its GGR was also higher at $212,059, up from $174,062 and an increase from its first week of $33,657.
Both BallyBet (launching in April) and Resorts World New York have yet to begin mobile operations in New York.
CUMULATIVE TOTALS, JAN. 8-FEB. 20
| Mobile handle | GGR | Taxes | |
|---|---|---|---|
| FanDuel | $938,101,579 | $39,817,948 | $20,307,153 |
| Caesars | $875,680,133 | $74,708,133 | $38,101,148 |
| DraftKings | $670,238,467 | $51,574,893 | $26,303,195 |
| BetMGM | $194,697,929 | $5,426,445 | $2,767,487 |
| PointsBet | $67,636,742 | $4,980,752 | $2,540,184 |
| BetRivers | $61,111,365 | $2,419,647 | $1,234,020 |
| WynnBet | $2,861,466 | $419,777 | $214,086 |
| Totals | $2,810,327,682 | $179,347,595 | $91,467,273 |
