NY Sportsbooks See Another Dip In Betting Totals

Written By Mike Mazzeo on May 27, 2022
betting totals new york weekly handle may 16-22 2022

The sports calendar has slowed, which means New York’s online sports betting handle has dipped as a result. 

For the first time since Jan. 8 launch, NY online sportsbooks posted back-to-back weeks of sub-$300 million bet totals. 

According to the NY State Gaming Commission’s report, the weekly handle totals from May 9-15 ($286.2 million) and May 16-22 ($261.2 million) represent the lowest full weekly handle totals for NY. 

NY sports betting handle could be down until NFL season

Granted, it’s not exactly a surprise at this time of year; the leaner summer months with fewer sports betting options on the menu. In fact, weekly totals may not begin to significantly increase until the start of the NFL season. 

Overall, from Jan. 8-May 22, NY online sports betting handle has totaled $7.2 billion, with $516.6 million in total gross gaming revenue (GGR) and $263.5 million in tax revenue for New York. 

NY is slated to reach the $1 billion mark in handle for its fifth consecutive month since launch; May handle is currently $926.2 million through the 22nd. 

FanDuel NY runs the show in the Empire State

Continuing its NY dominance, FanDuel Sportsbook NY posted a 44% market share and a 63% revenue share from May 16-22. The operator has gone over 40% market share in nine consecutive weeks. 

The New York online sports betting market share percentage from Jan. 8-May 22:

  • FanDuel: 39% 
  • DraftKings: 24%
  • Caesars: 22%
  • BetMGM: 9% 
  • Total: 94% 

The NY online sports betting revenue share percentage from Jan. 8-May 22:

  • FanDuel: 44% 
  • Caesars: 24%
  • DraftKings: 23%
  • BetMGM: 5%
  • Total: 96% 

If those numbers show anything, it’s that if you’re a smaller operator in NY, good luck. Eight of the nine NY online sportsbooks have launched, with Bally Bet NY slated to launch by July 1. 

Photo by Nick Wass / AP
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Mike Mazzeo

Mike Mazzeo is the Lead Writer for PlayNY, arriving after covering several of New York's professional sports teams in a variety of roles for the past decade. Previously, he served as a beat writer and columnist covering the Brooklyn Nets (ESPN) and New York Yankees (New York Daily News). Mike also covered both the MLB and NBA nationally for Yahoo Sports. In addition, he served as a general assignment reporter for ESPN NewYork.com. He has also had bylines in the New York Times, New York Post, Newsday, Forbes and The Ringer. With PlayNY, Mike brings extensive coverage and unique story angles to what is projected to be one of the biggest and most lucrative online sports betting markets in the country. It's been an arduous and confounding process to get here, but 20 million New Yorkers (many of them die-hards) are now legally able to bet on their favorite sports teams across the state via online and mobile platforms.

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