PointsBet-Fanatics Sportsbook Rebounds From Rough Week In New York
· 2024-03-11

PointsBet-Fanatics Sportsbook Rebounds From Rough Week In New York

Fanatics Sportsbook and PointsBet brought some early March Madness to the New York mobile betting scene, regrouping from their worst week in the Empire State to their best, according to figures released Friday by the New York State Gaming Commission.

The two platforms combined to generate $10.1 million in adjusted gross sports betting revenue for the week ending Sunday, smashing the previous high of $2.3 million when PointsBet launched operations the week ending Jan. 30, 2022. It came on the heels of PointsBet absorbing an $8 million loss the previous week in its final full week of operations.

Fanatics Sportsbook arrived on the scene Feb. 29, with New York being one of the last states where it completed the migration of its platform from PointsBet. To stand out among the nine sports betting apps in the state, Fanatics Sportsbook hit the ground running with a promotion — still ongoing — in which new bettors can receive up to $1,000 in bonus bets, matching however much bettors place for their first bet of the day up to $100 for 10 consecutive days with no promo code necessary.

That contributed to a weekly handle of $27.4 million, the fourth-highest total between the licensees. The back-to-back weeks of $71.2 million worth of accepted wagers is the most in any two-week span and accounts for 8.3% of the $862.5 million in all-time handle.

PointsBet-Fanatics Sportsbook’s big week helped push the overall revenue number to $40.1 million, the eighth time in the last 13 weeks the group of nine topped $40 million. Handle was up 10.2% week-over-week to $456.1 million, the 15th-highest total in 113 weeks of mobile betting in New York.

The nine digital sportsbooks combined for an 8.8% hold, with the Fanatics-PointsBet combo dragging that higher with its eye-watering 37.1% win rate. Resorts World was the only other operator to crack double figures, hitting 10.7% on $1.7 million handle.

More than 88% of the sports betting revenue from the week came from three sources. FanDuel paced all operators in both revenue and handle with $14.8 million and $184 million, respectively, good for an 8% hold. DraftKings narrowly claimed second with $10.5 million in winnings, crafting a 6.8% win rate from $155.2 million worth of wagers.

Caesars topped $40 million handle for the second time in four weeks but again failed to make the most of it as its 4.5% hold resulted in $1.9 million in revenue. It took a $1.3 million loss the week of Feb. 11 with $47.3 million handle. BetMGM fared slightly better with a 5.5% win rate to reap $1.5 million off $28 million in bets placed.

Resorts World picked up $176,000 in winnings, while Bally Bet‘s 4.6% hold resulted in $113,000 worth of winnings from $2.5 million handle. WynnBET rounded out the group in both categories, posting a 3.9% hold to win $60,000 from $1.5 million worth of wagers.

热门文章
印度最高法院受理公益诉讼,要求全国禁封“伪装”成社交游戏的赌博平台
游戏风向
准备好了将你的收益最大化吗?尝试ProPush.me Constructor!
广告营销
JILI 宣布与全球板球传奇 AB de Villiers(ABD)达成重磅战略合作
体育游戏
新泽西州7月博彩收入创6.06亿美元新高,颁布禁令
游戏风向
横跨全球6个城市,灰度8场派对邀你共看世界杯,重塑高质量社交新场景
灰度头条
菲律宾博彩技术赛道迎来新变局,B2B 供应模式加速渗透
东南亚资讯
越南博彩管控逐步放宽,惟本土需求仍显乏力
东南亚资讯
巴西拟将博彩税率提高至24% 税收将用于社保和医疗领域
游戏风向
斯里兰卡博弈产业大转型,官方:剑指南亚拉斯维加斯
游戏风向
英国确认各垂直行业的赌博税税率
游戏风向
超级PAC筹资4800万美元:体育博彩势力加码
游戏风向
张侨伟参议员排除全面禁止,敦促菲律宾规范网络赌博
东南亚资讯
巴西颁布新法赋权央行封锁非法博彩账户及 Pix 交易
支付动态
灰度在iGB L!VE 2026展位T70和你相约7月,一起点燃伦敦的热情!
灰度头条
哈萨克斯坦计划对在线赌场促销活动进行处罚
游戏风向
首页
游戏
合作
发现
我的