New York sets new betting handle record
NY Sports Betting Handle Smashes US Monthly Record in January
New York sportsbooks continued to record staggering numbers from January 24-30. In total, the Big Apple posted a mobile handle of $449.3 million during that six-day span with $11 million in taxes and $21.6 million in gross gaming revenue. When that is added to the earlier numbers New York reported for its sports wagering figures, the state obliterated the record for handle in a month.
Comparing NY Sportsbooks from Jan 24-30
FanDuel posted the highest handle at $141.8 million but reported negative gross gaming revenue of -$564,868. Caesars Sportsbook came in second place, with a handle of $128.1 million, $14.1 million in revenue, and $7.2 million in taxes.
Next up was DraftKings, with a handle of $102.2 million, $2.7 million in taxes, and $5.3 million in revenue. BetMGM was fourth in the rankings posting a handle of $37.5 million, $710,277 in revenue, and $362,241 in taxes.
The PointsBet sportsbook launched in New York on January 25 and had the fifth-highest handle at $29.5 million. The Australian-based operator also had $2.3 million in revenue and $1.2 million in taxes. BetRivers still had the lowest handle at $10.2 million and had negative revenue of -$394,458.
New York’s Impressive Numbers
Caesars sportsbook is leading the charts with the biggest overall handle at $615.5 million and has $28.5 million in taxes and $55.9 million in revenue. FanDuel is in second place with a handle of $501.8 million, $12 million in taxes, and $23.6 million in revenue.
DraftKings completes the top three in New York with a handle of $367.7 million, producing $27.1 million in revenue and $13.8 million in taxes. BetMGM NY launched on January 17 and has a total handle of $78.1 million with $1.6 million in taxes and $3.2 million in revenue.
Joining FanDuel, DraftKings, and Caesars, BetRivers was the fourth sportsbook to begin accepting wagers once New York’s online sports betting market launched on January 8. Since then, BetRivers has produced a total handle of $32.4 million to go with $426,888 in taxes and $837,035 in revenue.
PointsBet’s cumulative handle, tax, and revenue numbers are the same since the operator went live the week of January 24-30.
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