New York Online Sports Betting Trending Towards Strong May

• The New York State Gaming Commission reported $478.2 million in online sports betting handle for week ending May 25
• Despite a decrease in handle, gross gaming revenues increased by more than $13 million for the week
• May is trending towards a strong sports betting month for the Empire State, already eclipsing April totals

New York online sports betting is trending towards a strong month of May.

The New York State Gaming Commission reported $478.2 million in online sports betting handle for the week ending May 25, a more than $22.6 million decrease in handle compared with the week before.

Despite the decrease, gross gaming revenue increased by more than $13 million for the week, leading New York to already eclipse its revenue totals for April.

More than $200 Million in NY Sports Betting Revenue

The New York State Gaming Commission reported $478,231,537 in total handle and $62,886,002 in gross gaming revenue for the week ending May 25. It was the most profitable week of New York online sports betting for the month.

For the first time this month, DraftKings outperformed FanDuel in terms of handle for the week. DraftKings reported $179,179,440 in total handle for the week, trumping FanDuel’s $170,788,382 total. However, FanDuel had a more profitable week, reporting $26,436,257 in gross gaming revenue compared with DraftKing’s $21,469,703.

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: $179,179,440
• FanDuel NY: $170,788,382
• Caesars Sportsbook: $41,070,421
• Fanatics Sportsbook: $36,609,805
• BetMGM NY: $34,407,313
• BetRivers: $10,843,958
• ESPN BET: $10,578,627
• Bally Bet: $2,609,848
• Resorts World: $1,935,150

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 $27 billion in total handle so far:

• FanDuel: $27,475,550,939
• DraftKings: $23,261,970,720
• Caesars: $7,515,862,124
• BetMGM: $4,960,555,643
• Fanatics Sportsbook: $2,860,275,166
• BetRivers: $1,859,527,894
• ESPN BET: $383,883,854
• Resorts World: $261,506,607
• Bally Bet: $187,698,090

NY Sports Betting Revenues

For the week of May 25, the nine sportsbooks reported a total of $62,886,002 in gross gaming revenue. At New York’s 51% online sports betting tax rate, this resulted in $32,071,861 million in tax revenue.

Here are the total gross gaming revenues for the week:

• FanDuel: $26,436,257
• DraftKings: $21,469,703
• BetMGM: $4,905,207
• Fanatics Sportsbook: $4,402,283
• Caesars Sportsbook: $3,746,198
• BetRivers: $997,348
• ESPN BET: $652,944
• Resorts World: $148,734
• Bally Bet: $127,327

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

• FanDuel: $2,858,322,552
• DraftKings: $1,958,563,459
• Caesars Sportsbook: $545,694,085
• BetMGM: $335,598,849
• Fanatics Sportsbook: $202,271,506
• BetRivers: $115,393,371
• ESPN BET: $24,315,714
• Resorts World: $17,362,189
• Bally Bet: $10,960,462