New York Online Sports Betting Generates Another $60 Million Revenue Week

• New York online sports betting generated $64,503,432 in revenue for the week ending June 1
• It was the second consecutive week of more than $60 million in revenue
• April generated nearly $100 million in tax revenues for the state

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If the New York Knicks could lose in the playoffs every month the Empire State wouldn’t have any fiscal problems.

The New York State Gaming Commission reported more than $64.5 million in gross gaming revenues for the week ending June 1, the state’s second consecutive week of more than $60 million in revenue, capping the end of a successful month for the sports betting market.

April saw nearly $100 million in New York sports betting tax revenue.

Knicks Loss Helps NY Sports Revenue

In the last week the New York Knicks bowed out of the NBA playoffs against the Indiana Pacers, winning just one of the last two games of the series which led to wins for Empire State sportsbooks.

The New York State Gaming Commission reported $$493,313,994 in online sports betting handle for the week ending June 1. The commission reported $64,503,432 in gross gaming revenue, a nearly $2 million increase from the previous week.

For the month of April, New York sports bettors wagered $2,153,262,045 for the month, generating $192,705,547 in gross gaming revenue which led to $98,272,764 in tax revenues. April saw nearly $31 million more in gross gaming revenue compared with March.

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:

• DraftKings NY: $187,561,645
• FanDuel NY: $169,940,625
• Fanatics Sportsbook: $41,365,964
• Caesars Sportsbook: $34,179,450
• BetMGM NY: $32,206,998
• BetRivers: $12,640,565
• ESPN BET: $10,355,456
• Bally Bet: $2,932,683
• Resorts World: $2,130,607

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: $27,645,491,564
• DraftKings: $23,449,532,365
• Caesars: $7,550,041,574
• BetMGM: $4,992,762,641
• Fanatics Sportsbook: $2,901,641,130
• BetRivers: $1,872,168,459
• ESPN BET: $394,239,310
• Resorts World: $263,637,214
• Bally Bet: $190,630,773

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: $26,370,023
• DraftKings: $23,796,143
• Fanatics Sportsbook: $5,010,407
• BetMGM: $3,671,130
• Caesars Sportsbook: $3,058,426
• ESPN BET: $1,100,990
• BetRivers: $1,094,512
• Resorts World: $240,714
• Bally Bet: $161,088

Here are the total gross gaming revenues since the Jan. 8, 2022 launch:

• FanDuel: $2,884,692,575
• DraftKings: $1,982,359,602
• Caesars Sportsbook: $548,752,511
• BetMGM: $339,269,979
• Fanatics Sportsbook: $207,281,913
• BetRivers: $116,487,883
• ESPN BET: $25,416,704
• Resorts World: $17,602,903
• Bally Bet: $11,121,550