The New York State Gaming Commission announced a $478.2 million online sports betting handle for the week ending May 25, despite seeing a decrease of more than $22.6 million from the prior week. However, gross gaming revenues rose by over $13 million. This trend indicates a robust month of May for New York sports betting, surpassing April’s figures.
Total handle reached $478,231,537 with gross gaming revenue at $62,886,002 for the week ending May 25, marking the most lucrative week of the month for New York online sports betting. DraftKings outpaced FanDuel in handle, reporting $179,179,440 compared to FanDuel’s $170,788,382. Nevertheless, FanDuel achieved greater profitability with $26,436,257 in revenue versus DraftKings’ $21,469,703.
The state releases weekly handle and revenue data for its nine active NY sports betting platforms, including Caesars Sportsbook, DraftKings, FanDuel, BetMGM, Fanatics Sportsbook, Bally Bet, Resorts World Bet, ESPN BET, and BetRivers.
Weekly handle figures for the platforms are as follows:
– 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
Since the launch on January 8, 2022, cumulative total handles are:
– 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
For the week of May 25, gross gaming revenue totaled $62,886,002, yielding $32,071,861 in tax revenue at New York’s 51% online sports betting tax rate. Weekly revenue details are:
– 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
Since the January 8, 2022, launch, total gross gaming revenue is:
– 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
- SCCG Management. The Gambling Industry’s Global Connector. Access Here.
- Source: SCCGManagement.com