New York's mobile sports betting market is entering 2023, the same as it closed 2022. For the week ended January 8, 2023, SportsBook registered about $411 million as an online betting handle, according to a recent report by the New York State Game Commission. This was a slight decrease from the previous week, but still an impressive amount.

January 8, 2023 is also the first anniversary of Empire State's mobile sports betting model. The new market allows a total of nine online sports books to offer and accept bets on sporting events. Despite its infancy, the market quickly turned into the state's top online jurisdiction, bringing in more than $700 million in tax revenue in its first year.

In its weekly report, the New York State Game Commission said nine sportsbooks contributed to a total of $41,206,206 in betting processing for the entire first week of 2023, which ended January 8, 2023. It should be noted that this is a slight decrease from the operator's collection of $410,817,431 in the week ended January 1, 2023.

Overall game gross revenue, however, surged in the first week of the new year from the previous week. For the week ended January 8, 2023, total handling was converted to $29,921,451, according to the NYSGC. This amount is significantly higher than the $23,925,229 reported by Operator GGR. Proceeds are taxed at 51%.

There is no change in the operator ranking at the start of the new calendar year. For the first week of 2023, FanDual is still at the top of the charts, and SportsBooks is handling the largest bets at $158,423,854.854. This handling amounts to total gaming revenue of US$15,613,884 and will be taxed 51% by the state.

DraftKings was still the second most popular app with pre-tax earnings of $10,322,869, with weekly betting volume of $142,489,698. Caesars Sportsbook was the third preferred choice with a handle of $51,689,067 and a handle of $1,670,892 while BetMGM was back in fourth place with a betting activity of $27,567,186 and a GGR of $1,158,286.

Despite successfully declaring a minimum first year of mobile sports betting, Empire State lawmakers believe the online market could improve. Last week, Democrats Lewis R. Sepulveda and Leroy Comley introduced legislation that would mandate a problematic gambling hotline and warning of the possible negative effects of gambling on gambling and sports betting ads.

A week later, Senator Joe Adabo of New York proposed a bill that, if approved, would increase the number of online bookstores in his jurisdiction. His Bill S1962 will have 14 online bookstores by January 31, 2024, and 16 operators by January 31, 2025. Adding new operators could lower the controversial 51% tax rate for the state.