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.

Brad Senkiw - News Editorat Covers.com
Brad Senkiw • News Editor
May 5, 2023 • 16:43 ET • 4 min read
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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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Brad Senkiw - Covers
News Editor

Brad has been covering sports betting and iGaming industry news for Covers since 2023. He writes about a wide range of topics, including sportsbook insights, proposed legislation, regulator decision-making, state revenue reports, and online sports betting launches. Brad reported heavily on North Carolina’s legal push for and creation of online sportsbooks, appearing on numerous Tar Heel State radio and TV news shows for his insights.

Before joining Covers, Brad spent over 15 years as a reporter and editor, covering college sports for newspapers and websites while also hosting a radio show for seven years.

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