FanDuel Pushes New York Weekly Mobile Revenue Over $30 Million
Regulation · 2024-06-07

FanDuel Pushes New York Weekly Mobile Revenue Over $30 Million

FanDuel posted a double-digit hold for the fourth consecutive week, according to the New York State Gaming Commission, while accounting for more than half of the $30.3 million in sports betting revenue among the state’s nine mobile operators.

Handle totaled $344.5 million for the week ending June 2, down 11.6% from the week ending May 26, and was the lowest amount since bettors wagered $312.8 million for the week ending Sep. 3. All-time handle via sports betting apps, though, did cross $45 billion.

The statewide hold for the week was 8.8%, down 2.9 percentage points from last week as revenue plummeted by 33.5%. All nine operators finished with positive revenue, which led to an estimated $15.4 million in tax receipts flowing into state coffers.

After being pipped by DraftKings to close out the final full week of May numbers, FanDuel regained the top spots for both weekly handle and revenue. It posted a 12% hold to reap $16.8 million in revenue from $139.9 million in handle as its all-time winnings in the Empire State surpassed $1.9 billion.

FanDuel also crossed $4 billion in year-to-date handle and has a 10.8% win for the year, claiming $436.2 million in winnings in the first 22 weeks. It was the 16th consecutive week the online leviathan posted an eight-figure revenue haul.

DraftKings finally cooled off some, winning $8.2 million for the week and attaining a 6.7% hold against $121.3 million worth of bets placed. It had topped $20 million in revenue in three of the previous six weeks, highlighted by its state-record $36.5 million total from May 12.

Caesars was the only other operator to surpass $2 million in weekly revenue, finishing with a hold just shy of 7% to pick up $2.3 million from $32.5 million in handle. BetMGM ($1.1 million) and Fanatics Sportsbook ($1.1 million) rounded out operators with seven-figure revenue totals for the week, with the former posting a 5.2% hold on $22.2 million in handle and the latter crafting a 7.6% win rate against $15 million-plus in wagers.

BetRivers was denied a third consecutive week with $1 million or more in revenue as bettors held it to a 5.9% hold on $10 million in handle.

The state’s other three digital sportsbooks — Resorts World, Bally Bet, and WynnBET — combined for $158,000 in revenue for the week as Resorts World’s 6.1% hold and $99,900 in winnings were the best marks among the trio.

WynnBET came out just $1,715 ahead while extending its streak of failing to achieve the industry-standard 7% hold to 37 weeks after landing at 0.4%.

熱門文章
New Jersey July Gambling Revenue Hits $606M, Sweeps Casinos Banned
Regulation
GAT Expo Puerto Rico Will Pulse with the New Era of Gaming in the Caribbean
Marketing
1spin4win releases unique slot Don Catleone Hold and Win featuring gangster cats
Online Game
Brazil Proposes Raising Gambling Tax Rate to 24%, With Revenue Allocated to Social Security and Healthcare
Regulation
SBC Summit Canada to Make Player Safety a Key Pillar of 2026 Agenda
Marketing
Online gambling, crypto pose ongoing money laundering risks in Philippines, analyst says
Southeast Asia
Manila delivers: Highlights from SiGMA Asia 2026 
Southeast Asia
Gaming & Technology Expo Makes a Powerful Entrance in CDMX
Marketing
Indiana online casino bill stalls in House committee
Regulation
Vietnam’s Controlled Gaming Shift Gains Ground, But Domestic Demand Still Lags
Southeast Asia
PropellerAds Positions Itself as a Go-To Traffic Source for iGaming Advertisers Ahead of a High-Demand Season
Marketing
Vietnam's tightening online gaming policy creates new market opportunities
Southeast Asia
B2B Tech Infrastructure Gains Momentum in Philippine Gaming Sector
Southeast Asia
GAT Expo CDMX 2026 Kicks Off Today in Mexico with a Sold-Out Opening Reception at Big Bola Casino Santa Fe
Marketing
Zenith partners with HUIDU for 2026 World Cup Carnival Official Tour
Online Game
首頁
遊戲
合作
發現
我的