New York Mobile Sports Betting Handle Tops $500 Million Again
· 2023-12-01

New York Mobile Sports Betting Handle Tops $500 Million Again

The New York sports betting public had their turkey and ate it too for Thanksgiving, sending the state’s nine mobile betting apps to one of their lowest weekly all-time holds while pushing handle over $500 million in back-to-back weeks for the first time.

According to the New York State Gaming Commission, the $516.6 million worth of accepted wagers for the week ending Nov. 26 ranks fourth all-time in 98 weeks of mobile wagering, while also being down 2.4% from the $529.5 million handle from the week ending Nov. 19. But as in the previous three instances with more than a half-billion dollar handle, New York‘s mobile sportsbooks could not make hay, limited to a hold under 4.2% that resulted in $21.5 million worth of revenue.

That hold ranks 91st of the 98 weeks of mobile betting and the lowest since a 2.7% hold for the week ending Sept. 3. It was the lowest of the four holds when handle cleared $500 million and the 13th overall to be below 5%.

WynnBET became the first mobile sports betting app in New York to have three consecutive losing weeks, as bettors came out $74,932 ahead on $3.1 million wagered last week. It was the third-largest weekly handle in New York for WynnBET, which shut down operations everywhere but Massachusetts, Michigan, Nevada, and New York in August.

WynnBET has paid out $330,000 above the $8.2 million handle generated in that three-week span, and it has posted losses on four of its top five weekly handle totals. WynnBET is also in danger of becoming only the second mobile operator in New York to have a losing month after Bally Bet finished $31,467 in the red in October 2022.

WynnBET, though, was not the only operator to have Thanksgiving spoiled. Resorts World absorbed a loss of $73,703 on more than $1.7 million worth of wagers. It was Resorts World’s first weekly loss since Oct. 1, its fourth-largest, and 12th overall.

Among the seven remaining books that turned a weekly profit, none of them reached the industry standard of a 7% hold. PointsBet took honors at 5.9%, followed by FanDuel at 5.4%. They were the only two to clear 5%, while BetMGM and Caesars rounded out the group of seven at 1.3% and 0.9%, respectively.

It was just the second time that all nine operators failed to reach the industry-standard 7% hold, with the other instance occurring the week of Dec. 18. There were two instances where all eight operators conducting wagering — Bally Bet was offline on both occasions — failed to do so for the weeks of May 1, 2022, and June 5, 2022.

FanDuel paced all operators with an $11.6 million hold, as its $214.7 million handle ranked fourth all-time. DraftKings accepted $186.9 million worth of wagers, its second-highest total, but a 4.3% win rate meant revenue reached only $7.9 million.

BetMGM came out less than $396,000 ahead on $29.4 million handle, while Caesars was nearly $495,000 to the good on $55 million handle — its highest since $63.1 million worth of bets placed for the week of March 19. PointsBet’s first-in-class hold helped generate more than $379,000 in winnings from $6.4 million handle, while BetRivers claimed a rare podium finish for revenue with more than $771,000 off $17.3 million in wagers for a 4.5% win rate.

Popular articles
B2B Tech Infrastructure Gains Momentum in Philippine Gaming Sector
Southeast Asia
Across 6 Cities: HUIDU Invites You to 8 World Cup Parties Redefining High-Value Social Networking
HUIDU Focus
UK MPs reopen 2025 gambling inquiry as reform stalls
Regulation
GGC Awards 2026 Shines in Colombo: Honoring Leaders and Innovators in the iGaming Industry
HUIDU Focus
Institutional Academy that exceeded expectations marked the opening of GAT CDMX
Online Game
PropellerAds Shared a New iGaming Case Study: 97,674 Installs and 12,701 Deposits in 3 Months
Marketing
SBC Summit Canada to Make Player Safety a Key Pillar of 2026 Agenda
Marketing
JILI Partners with Cricket Legend AB de Villiers (ABD) to Launch Exclusive Branded Game Series 100% 11
Sports Game
Online gambling, crypto pose ongoing money laundering risks in Philippines, analyst says
Southeast Asia
Vietnam's tightening online gaming policy creates new market opportunities
Southeast Asia
Gaming & Technology Expo Makes a Powerful Entrance in CDMX
Marketing
GAT CDMX 2025 Institutional Academy: Leaders and Experts Analyze the Present and Future of the Gaming Industry in Mexico and Lat
Sports Game
Vietnam’s Controlled Gaming Shift Gains Ground, But Domestic Demand Still Lags
Southeast Asia
HUIDU Invites You to Booth T70 at iGB L!VE 2026 — Let’s Ignite London This July!
HUIDU Focus
Full House at GAT Expo Cartagena 2026 Academic Agenda
Online Game
Home
Game
Cooperation
Find
My