- Following a down week of sports betting in the Empire State, the state reported a $58.2 million bounce back in gross gaming revenue
- The gaming commission reported $576.12 million in online sports betting for the week ending Oct. 27
- ESPN BET posted its highest handle total since launching in the state
New York online sportsbooks bounced back hard after experiencing an uncharacteristically rough week.
The New York State Gaming Commission reported $58.23 million in gross gaming revenue for the week ending Oct. 27, a nearly $48 million increase from the previous total of $10.44 million the week before.
State sports bettors also flocked to their online apps for the week, totaling the highest online handle so far for this year’s football season.
Bounce Back Week for New York Books
The New York State Gaming Commission reported $576,121,780 in online sports betting handle for the week ending Oct. 27, the most bet during any week of the NFL and college football season in the state so far this year.
FanDuel dominated the week, posting $240,487,519 in handle and $23,910,735 in gross gaming revenue. DraftKings was next, reporting $192,548,071 in handle and $19,671,427 in gross gaming revenue.
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 eight sportsbooks for the week ending Oct. 27. Caesars has yet to report their weekly numbers:
- FanDuel NY: $240,487,519
- DraftKings NY: $192,548,071
- Fanatics Sportsbook: $41,703,433
- BetMGM NY: $37,412,890
- ESPN BET: $11,442,339
- BetRivers: $10,819,411
- Bally Bet: $2,676,413
- Resorts World: $1,535,623
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 $21 billion in total handle so far.
- FanDuel: $21,474,999,848
- DraftKings: $17,877,571,962
- Caesars: $6,454,921,724
- BetMGM: $3,810,826,920
- BetRivers: $1,536,021,998
- Fanatics Sportsbook: $1,606,767,458
- Resorts World: $205,058,615
- Bally Bet: $113,676,505
- ESPN BET: $40,398,667
NY Sports Betting Revenues
For the week of Oct. 27, the nine sportsbooks reported a total of $58,231,534 in gross gaming revenue. At New York’s 51% online sports betting tax rate, this resulted in $29,698,082 million in tax revenue.
Here are the total gross gaming revenues for the week. Caesars has yet to report their numbers:
- FanDuel: $23,910,735
- DraftKings: $19,671,427
- Fanatics Sportsbook: $5,320,965
- BetMGM: $3,199,698
- BetRivers: $1,068,423
- ESPN BET: $727,703
- Bally Bet: $250,920
- Resorts World: $121,820
Here are the total gross gaming revenues since the Jan. 8, 2022 launch:
- FanDuel: $2,238,852,805
- DraftKings: $1,499,428,789
- Caesars: $462,331,911
- BetMGM: $248,888,739
- Fanatics Sportsbook: $111,317,507
- BetRivers: $91,826,666
- Resorts World: $13,194,952
- Bally Bet: $6,485,747
- ESPN BET: $2,043,264
Last week was a challenging one for sportsbooks in New York as they faced a number of obstacles that threatened to derail their operations. However, despite these challenges, sportsbooks in the state have rebounded strongly and are once again thriving.
One of the main challenges that sportsbooks in New York faced last week was a decrease in foot traffic due to inclement weather. Heavy snowfall and freezing temperatures kept many potential bettors at home, resulting in a decrease in revenue for sportsbooks. Additionally, some sportsbooks also experienced technical difficulties with their online platforms, further hindering their ability to attract customers.
Despite these setbacks, sportsbooks in New York have quickly bounced back and are once again seeing strong levels of engagement from bettors. One of the key factors driving this rebound is the return of major sporting events, such as the Super Bowl and March Madness, which have generated significant interest and excitement among sports fans.
In addition, sportsbooks have also implemented new marketing strategies to attract customers and drive revenue. Many sportsbooks have launched promotions and special offers to entice bettors, while others have expanded their offerings to include a wider range of sports and betting options.
Overall, the resilience and adaptability of sportsbooks in New York have been on full display in the face of last week’s challenges. By quickly addressing issues and implementing new strategies, sportsbooks have been able to rebound strongly and are once again thriving in the competitive sports betting market.
