New York Closes Out April With Slight Handle Increase in Final Week

New York's sports betting figures saw small growth during the final week of April, pushing the state over $1.4 billion in handle for the month.

Last Updated: May 5, 2023 4:43 PM ET Read Time: 4 min
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New York closed out the month of April with slightly improving legal sports betting mobile handle. 

The Empire State hauled in $374.2 million in wagers during the week that ended April 30. It marked the best handle of the month and was an increase of a little over $1 million from the previous week. 

For the entire month, New York went over $1.4 billion in handle.  

Sports bettors made out better than last week, though, as gross gaming revenue fell from $45 million to $37.8 million with the hold dropping from 13% to 10.1%. 

The April 30 week marked the fourth consecutive time the win rate has been over 7%. 

FanDuel revenue drops a second consecutive week

FanDuel brought in the most wagers of the betting sites, recording a handle of $150.7 million. That was nearly right at what the mobile operator claimed in the previous week, but gross gaming revenue fell for the second consecutive week, going from $20.7 million to $18 million. 

DraftKings saw a healthy increase in handle from $129.3 million the previous week to $137.2 million in the final week of the month. Sports bettors also improved, though, as revenue fell from $15.8 million to $12.2 million. 

Caesars produced New York sports betting's third-best handle at $41.7 million, which was the sportsbook’s second-highest of the month. 

The April 30 week was good for BetMGM, which saw week-over-week gains with a handle of $25.5 million and revenue up nearly $400,000. 

Resorts World Bet, meanwhile, saw its handle plummet 66.5% week-over-week. 

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