New York Sports Betting Continues Strong Month

• 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.

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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