New York Online Sports Betting Ending 2023 in Strong Fashion

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New York Giants backmost Tommy DeVito (15) celebrates aft throwing a touchdown pass

Nov 19, 2023; Landover, Maryland, USA; New York Giants backmost Tommy DeVito (15) celebrates aft throwing a touchdown walk against nan Washington Commanders during nan 2nd 4th astatine FedExField. Mandatory Credit: Geoff Burke-USA TODAY Sports

New York online sports betting continues to beryllium highly profitable for nan state
The gaming committee reported $502.2 cardinal successful online sports betting grip for nan week ending Dec. 17.
The authorities took successful $21.3 cardinal for nan week

New York has taken successful much than $765.8 cardinal successful online sports betting taxation gross successful 2023 pinch 2 weeks remaining successful nan year.

The New York State Gaming Commission reported $502.2 cardinal successful online sports betting grip for nan week ending Dec. 17, a $92 cardinal summation from nan week before. Gross gaming revenue, however, decreased by astir $15 cardinal from nan erstwhile week.

The authorities took successful much than $21.3 cardinal successful sports betting taxation gross for nan week arsenic well.

A Profitable Year for nan State

With 2 weeks remaining to beryllium reported successful 2023, New York has taken successful $765,807,676 successful sports betting taxation revenue, by acold nan astir taxation gross of immoderate authorities successful nan country. The authorities reported much than $1.5 cardinal successful full gross gaming gross truthful acold successful nan year.

DraftKings took nan apical grip spot from FanDuel for nan week, totaling $218.08 cardinal successful online sports betting grip and $18.1 cardinal successful gross gaming revenue. FanDuel totaled $183.3 cardinal successful handle, but topped DraftKings successful gross gaming gross for nan week pinch $19.9 million

The New York State Gaming Commission releases handle and gross reports for its nine NY sports betting apps, Caesars Sportsbook, DraftKings Sportsbook, FanDuel, BetMGM, WynnBET, PointsBet, Bally Bet, Resorts World Bet, and BetRivers, astatine nan conclusion of each week.

Here are nan grip breakdowns for nan 9 sportsbooks for nan week ending Dec. 17:

DraftKings NY: $218,089,247
FanDuel NY: $183,382,886
Caesars Sportsbook NY: $43,610,090
BetMGM NY: $35,634,310
BetRivers: $9,394,717
PointsBet: $6,198,087
Resorts World: $2,518,394
WynnBET: $2,048,048
Bally Bet: $1,326,685

Fanatics Sportsbook will apt return complete nan PointsBet New York online sports betting licence soon. The New York State Gaming Commission recently gave regulatory approval for nan transportation of PointsBet’s online sports betting licence to Fanatics Betting and Gaming, mounting nan shape for nan first caller sports betting usability successful nan Empire State since it launched online sports betting successful Jan. 2022.

There is nary timeline for nan transportation of nan license.

Bally Bet has resumed operations successful New York aft transitioning to its Kambi platform.

Here are nan full handles for nan 9 sportsbooks since New York’s Jan. 8, 2022 launch. FanDuel is nan only usability successful nan authorities to eclipse $13 cardinal successful full grip truthful far. BetRivers crossed nan $1 cardinal people this week.

FanDuel: $13,944,445,960
DraftKings: $10,997,400,401
Caesars: $4,839,054,863
BetMGM: $2,526,999,690
BetRivers: $1,004,786,792
PointsBet: $729,261,591
WynnBET: $203,523,689
Resorts World: $124,616,221
Bally Bet: $24,285,184

NY Sports Betting Revenues

For nan week of Dec. 17, nan 9 sportsbooks reported a full of $41,812,119 successful gross gaming revenue. At New York’s 51% online sports betting taxation rate, this resulted successful $21,324,180 cardinal successful taxation revenue. Bally Bet mislaid much than $691,000 successful gross gaming gross for nan week, much than 50% of its full GGR since launching successful July 2022.

Here are nan full gross gaming revenues for nan week:

FanDuel: $19,906,575
DraftKings: $18,122,787
Caesars: $3,633,705
PointsBet: $777,169
BetRivers: $335,746
Resorts World: $95,659
BetMGM: ($162,998)
WynnBET: ($204,996)
Bally Bet: ($691,529)

Here are nan full gross gaming revenues since nan Jan. 8, 2022 launch:

FanDuel: $1,426,991,986
DraftKings: $901,154,344
Caesars: $352,403,937
BetMGM: $167,902,565
BetRivers: $57,389,915
PointsBet: $45,550,222
WynnBET: $10,403,922
Resorts World: $7,349,209
Bally Bet: $633,210

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Robert Linnehan

Gambling Regulatory Writer and Editor

Regulatory Writer and Editor

Rob covers each regulatory developments successful online gambling. He specializes successful US sports betting news on pinch casino regularisation news arsenic 1 of nan astir trusted sources successful nan country.

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