New York Mobile Sportsbooks Collect $43 Million For Week

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The New York State Gaming Commission reported the eight mobile sportsbooks in operation claimed $43.5 million in revenue for the week ending Sunday, a notable falloff from the previous week's near-$70 million haul.

Handle rose 0.4% to $480.1 million, which was also 12.1% higher compared to action during Week 3 of the NFL season last year. The still-healthy 9.1% hold was 5.4 percentage points lower than last week, dragged down by both BetMGM and Fanatics Sportsbook posting sub-4% win rates.

Revenue plunged 37.1% compared to the week ending Sep. 15, though it did represent a 21.2% increase versus Sep. 24, 2023, which was when wagering took place for Week 3. All eight operators finished with positive gross revenue, leading to an estimated $22.2 million in state taxes.

FanDuel Cools Off, DraftKings Takes Handle Crown

After hammering the public for $35.1 million in its best week for mobile betting in the Empire State, FanDuel tailed off last week for $19.3 million. It was still enough to lead the group of eight in revenue, and the digital juggernaut still had an 11% hold from $175.5 million worth of wagers placed.

Depending on how the NYSGC counts revenue — August ended on a weekend and figures for the final week may be included in September's figures — FanDuel has an outside chance to reach $100 million in monthly revenue. It has accumulated $82.8 million in the last four weeks while attaining a 12.1% win rate in that span. FanDuel has reached nine figures in revenue once in New York, notching a state-record $109.2 million in January.

DraftKings took top honors for handle for the second consecutive week at $181.6 million. It was the third straight week DraftKings topped $180 million, and a solid 9.6% hold resulted in $17.4 million in revenue.

The $41 million in winnings the last two weeks is its highest for back-to-back weeks since collecting $51.5 million May 12-19, which included a state-best $36.5 million in revenue May 12. DraftKings also surpassed $500 million in revenue for the calendar year while edging over $5.6 billion handle.

BetMGM, Fanatics, and Caesars were separated by $1.5 million for handle for the third through fifth spots. Caesars had the highest revenue of the trio at nearly $3 million, crafting an 8.3% hold from $35.6 million handle.

Fanatics had its second-best handle since entering the Empire State at $37 million, but its 3.7% win rate — its lowest since succeeding PointsBet at the end of February — was the lowest of the week and limited it to $1.4 million in revenue. BetMGM was barely better at 3.8%, providing $1.4 million in winnings against $37.2 million worth of wagers.

BetRivers had a 9% hold or better for the seventh time in 11 weeks, claiming $891,900 from $9.3 million handle. Bally Bet collected $163,200 in revenue from a 6.7% win rate against $2.4 million worth of wagers, and Resorts World rounded out the group with a 6.6% hold to win $93,800 of the $1.4 million in accepted bets.

About the Author
Chris is a Senior Analyst at Better Collective US and his focus is breaking down monthly sports betting revenue figures from state agencies across the United States. Prior to joining Better Collective in November 2019, Chris acquired more than two decades worth of experience at three national sports news wire services.

Follow Chris Altruda @altruda73 on Twitter/X.

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