- New York sports betting ending March with one of its worst weeks ever
- The market has rebounded in the last two weeks
- The New York State Gaming Commission reported $47.8 million in gross gaming revenue for the last week
After ending March with one of the worst New York sports betting weeks ever, the Empire State continued its strong push into the month of April.
The New York State Gaming Commission reported more than $47.8 million in gross gaming revenue for the week ending April 13, an increase of nearly $3.5 million from the previous week.
The previous two weeks have seen a profitable rebound for the Empire State after reporting only $8 million in gross gaming revenue for the final week of March.
FanDuel Regains Top Spot
The New York State Gaming Commission reported $474,430,107 in online sports betting handle for the week ending April 13, a decrease of nearly $88 million in handle from the week ending April 6. However, the commission reported $47,819,500 in gross gaming revenue, a $3.5 million increase from the previous week.
Operators reported an 11.1% hold for the week.
FanDuel regained its top spot in the New York for the week after DraftKings topped it gross gaming revenue the week before. FanDuel reported $179,832,055 in total handle and $21,865,290 in gross gaming revenue compared with DraftKings’ $163,514,962 in total handle and $15,025,127 in gross gaming revenue for the week.
The New York State Gaming Commission releases handle and revenue reports for its nine live NY sports betting apps, Caesars Sportsbook, DraftKings Sportsbook, FanDuel, BetMGM, Fanatics Sportsbook, Bally Bet, Resorts World Bet, ESPN BET, and BetRivers, at the conclusion of each week.
Here are the handle breakdowns for the nine sportsbooks for the week:
- FanDuel NY: $179,832,055
- DraftKings NY: $163,514,962
- Fanatics Sportsbook: $38,652,230
- BetMGM NY: $34,157,606
- Caesars Sportsbook: $32,643,043
- ESPN BET: $11,937,077
- BetRivers: $9,290,602
- Bally Bet: $2,418,115
- Resorts World: $1,984,418
Here are the total handles for the nine sportsbooks since New York’s Jan. 8, 2022 launch. FanDuel is the only operator in the state to eclipse $26 billion in total handle so far:
- FanDuel: $26,366,352,962
- DraftKings: $22,238,022,783
- Caesars: $7,307,182,746
- BetMGM: $4,741,749,769
- Fanatics Sportsbook: $2,613,657,207
- BetRivers: $1,796,350,253
- ESPN BET: $314,986,491
- Resorts World: $248,018,828
- Bally Bet: $171,827,467
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NY Sports Betting Revenues
For the week of April 13, the nine sportsbooks reported a total of $47,819,500 in gross gaming revenue. At New York’s 51% online sports betting tax rate, this resulted in $24,387,945 million in tax revenue.
Here are the total gross gaming revenues for the week:
- FanDuel: $21,865,290
- DraftKings: $15,025,127
- Fanatics Sportsbook: $3,470,252
- BetMGM: $3,071,732
- Caesars Sportsbook: $2,309,901
- BetRivers: $900,287
- ESPN BET: $809,953
- Resorts World: $232,939
- Bally Bet: $134,019
Here are the total gross gaming revenues since the Jan. 8, 2022 launch:
- FanDuel: $2,727,724,489
- DraftKings: $1,858,397,254
- Caesars Sportsbook: $530,037,980
- BetMGM: $318,814,894
- Fanatics Sportsbook: $183,505,392
- BetRivers: $110,728,212
- ESPN BET: $19,468,849
- Resorts World: $16,383,634
- Bally Bet: $10,186,569
The month of sports betting in New York has been nothing short of impressive, with strong performances across various sports and betting markets. From football to basketball to hockey, bettors in the Empire State have had plenty of opportunities to cash in on their wagers.
One of the standout stories of the month has been the success of the New York Giants in the NFL. Despite a slow start to the season, the Giants have turned things around in recent weeks and have been a profitable team for bettors. With key wins over division rivals and strong performances from star players like Saquon Barkley and Daniel Jones, the Giants have been a popular pick among bettors looking to capitalize on their success.
In the world of college basketball, New York teams have also been making waves. The Syracuse Orange have been a force to be reckoned with, posting impressive wins over top-ranked opponents and climbing up the national rankings. Bettors who have backed the Orange have seen their bankrolls grow as Syracuse continues to exceed expectations on the court.
In the NHL, the New York Rangers have been a pleasant surprise for bettors. With a young and talented roster led by standout players like Artemi Panarin and Alexis Lafreniere, the Rangers have been a strong bet in recent games. Their fast-paced style of play and ability to score goals in bunches have made them a popular pick among bettors looking for high-scoring games and big payouts.
Overall, the strong month of sports betting in New York can be attributed to a combination of factors, including the success of local teams, favorable betting odds, and increased interest in sports betting among fans. As more states continue to legalize sports betting, New York bettors can expect even more opportunities to wager on their favorite teams and sports in the months ahead.
