New York's Mobile Sports Betting Numbers Dip as March Madness Calms Down

The week ending March 27 saw the Empire State’s sportsbooks take around $327.8 million in bets, the second-lowest weekly total since online sports gambling legally began back in January.

Last Updated: Apr 1, 2022 2:40 PM ET Read Time: 2 min
Aaron Judge New York Yankees MLB
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After a strong start to the month, the latest numbers for online sports betting in New York were down last week, as March Madness betting options declined in the one-and-done tournament. 

The week ending March 27 saw the Empire State’s online sportsbooks take around $327.8 million in bets, the second-lowest weekly total since online sports gambling legally began back in January.

The numbers released by the New York State Gaming Commission also showed gross gaming revenue of $13.9 million from mobile sports wagering last week, down from just over $26 million the week prior. The mobile hold for the week ending March 27 was about 4.2% as well. 

Last week’s action now brings March’s total handle to over $1.5 billion, with four days of betting left to go. 

After a nearly $1.7 billion and $1.5 billion handle in January and February, New York's total mobile handle and gross gaming revenue from online sports betting now sits close to $4.7 billion and $315 million, respectively, on the year. Online sports betting revenue is subject to a 51% tax rate. 

March’s statewide numbers

Week Ending Mobile Sports Wagering Handle Gross Gaming Revenue
03/06/22 $359,488,352 $32,997,024
03/13/22 $406,439,254 $36,884,853
03/20/22 $427,971,720 $26,056,759
03/27/22 $327,836,467 $13,927,758
Total $1,521,735,793 $109,866,394

FanDuel reigns supreme

FanDuel recorded the highest amount of mobile sports wagering last week among individual bookmakers, with about $133 million in handle for the week ending March 27. The haul was over $50 million higher than runner-up DraftKings, which took in just over $83 million. Caesars rounded out the top three with almost $57 million.

There are currently eight mobile sportsbooks live in NYC: FanDuel, BetMGM, DraftKings, Caesars, WynnBET, PointsBet, Resorts WorldBET, and BetRivers. Bally Bet is also licensed but not yet live.

Week ending March 27:

Mobile Sportsbook Wagering Handle Gross Gaming Revenue
FanDuel $133,100,095 $9,530,287
BetMGM $36,354,194 $432,577
DraftKings $83,046,206 $1,859,707
Caesars $56,915,566 $2,277,522
WynnBet $1,973,837 $193,592
PointsBet $7,297,398 $460,360
Resorts World BET $1,108,773 $87,231
BetRivers $8,040,398 $48,365

Baseball coming back 

Legal online sports betting has only been live in New York since Jan. 9, but the state is already the top market in the country in terms of monthly handle.

New York should see a steady stream of online sports betting over the next few months as well, which should tide it over until the NFL season. The start of Major League Baseball’s 162-game regular season is just a week away, and the NBA and NHL playoffs are not far behind, providing plenty of nightly wagering opportunities for Big Apple bettors. 

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