New York Online Sports Betting Stumbles Into Football Season

• The New York State Gaming Commission reported the second smallest gross gaming revenue total for any week since its online sports betting launch
• DraftKings also reported its first gross gaming revenue loss in 87 weeks
• The state took in $312.7 million in online sports betting handle for the week ending Sept. 3

The NFL season can’t start soon enough for New York online sports betting.

The New York State Gaming Commission reported $312,772,147 in online sports betting handle for the week ending Sept. 3, one of its highest weekly handle totals since the summer began.

However, it also reported the second lowest weekly gross gaming revenue total since launching in January 2022, noting just $8.3 million in gross gaming revenue for the week as the state moves into the beginning of the NFL season.

New York Sports Bettors Took it to Operators

The $8.3 million in gross gaming revenue for the week was the second lowest revenue total ever for the state. The lowest weekly total, $6.2 million, came for the week ending July 17, 2022. It’s only the third time the state has seen a gross gaming revenue come in lower than $10 million.

Also, for the first time in its 87-week run, DraftKings reported a gross gaming revenue loss, losing $3.4 million to customers in the week. The online sports betting operator reported $116.35 million in handle for the week, it’s second highest weekly handle since July.

The New York State Gaming Commission releases handle and revenue reports for Caesars Sportsbook, DraftKings Sportsbook, FanDuel, BetMGM, WynnBET, PointsBet, Bally Bet, Resorts World Bet, and BetRivers at the conclusion of each week.

Overall, the state gaming commission reported $312,772,147 in total online sports betting handle and $8,303,408 in revenue for the week ending Sept. 3.

Here are the handle breakdowns for the nine sportsbooks for the week ending Sept. 3:

• FanDuel NY: $122,242,389
• DraftKings NY: $116,356,211
• Caesars Sportsbook NY: $36,253,698
• BetMGM NY: $18,515,622
• BetRivers: $10,076,990
• PointsBet: $5,674,554
• WynnBET: $2,123,677
• Resorts World: $1,529,005
• Bally Bet: $0

Bally Bet ceased operations on June 22 while it transitions to Kambi’s sports betting platform. It will likely come back online before the year is out.

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 $10 billion in total handle so far.

• FanDuel: $11,041,807,750
• DraftKings: $8,525,314,532
• Caesars: $4,174,283,606
• BetMGM: $2,136,120,146
• BetRivers: $740,610,360
• PointsBet: $637,390,482
• WynnBET: $165,062,404
• Resorts World: $98,588,540
• Bally Bet: $16,370,924

NY Sports Betting Revenues

For the week of Sept. 3, the nine sportsbooks reported a total of $8,303,408 in gross gaming revenue.

At New York’s 51% online sports betting tax rate, this resulted in $4,234,738 million in tax revenue.

Here are the total gross gaming revenues for the week:

• FanDuel: $7,289,351
• BetMGM: $1,674,000
• Caesars: $1,538,928
• BetRivers: $915,055
• PointsBet: $237,634
• Resorts World: $110,110
• Bally Bet: $0
• WynnBET: ($36,727)
• DraftKings: ($3,424,944)

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

• FanDuel: $1,147,256,143
• DraftKings: $687,762,215
• Caesars: $308,890,328
• BetMGM: $142,274,319
• BetRivers: $46,643,570
• PointsBet: $38,567,359
• WynnBET: $10,135,582
• Resorts World: $5,522,111
• Bally Bet: $917,669