Did New York beat Nevada for the highest Super Bowl betting handle ever?
If so, the New York State Gaming Commission apparently doesn’t want anyone to know.
(Granted, if NY did have the highest Super Bowl handle ever, one would think the commission would want to publicize such a victory.)
A spokesperson for the NYSGC said “no,” it would not be providing a separate number for NY’s Super Bowl handle. Unlike Nevada and New Jersey.
Weekly numbers provide peek into Super Bowl betting
The state did release its weekly sports betting numbers for the week ending Feb. 13 — the day of Super Bowl LVI.
For that week, NY online sportsbooks took $472.1 million in wagers, though they generated just $15.4 million in gross gaming revenue. That represents the lowest total for a full week since online sports betting launched in the state on Jan. 8. And given the 51% tax rate, sportsbooks in New York pocketed $7.5 million in revenue off Super Bowl week.
For comparison, Nevada reported a record $180 million in Super Bowl handle following the Rams’ 23-20 victory over the Bengals. New Jersey, meanwhile, totaled $144 million in wagers.
GeoComply data projected NY sports betting to record $190 million in Super Bowl handle, with PlayUSA projecting $160 million.
Confusion abounds as NYSGC does not release Super Bowl numbers
Many in the industry were surprised that New York didn’t provide its Super Bowl handle. No reason was given by the commission.
Online sportsbooks in the state took nearly $2 billion in wagers in their first 30 days in business. That resulted in a record $70.6 million in tax revenue for the state. But it’s unclear how much of that $2 billion is promotional spend. And questions remain over whether operators can become profitable long-term in the state given its 51% tax rate, the largest rate in the country.
For the second consecutive week, Caesars Sportsbook NY came in No. 3 in market share behind FanDuel New York and DraftKings NY Sportsbook.
| Online Sportsbook | Handle | Gross Gaming Revenue |
|---|---|---|
| FanDuel | $175,437,706 | ($2,726,650) |
| DraftKings | $121,457,820 | $11,322,420 |
| Caesars | $107,211,596 | $5,821,284 |
| BetMGM | $43,304,190 | ($362,488) |
| PointsBet | $12,123,823 | $880,727 |
| BetRivers | $11,499,208 | $284,625 |
| WynnBet | $1,101,825 | $174,062 |
| Total | $472,136,168 | $15,393,979 |
