FanDuel Extends Roll In New York With $15 Million In Weekly Winnings
Regulation · 2024-06-21

FanDuel Extends Roll In New York With $15 Million In Weekly Winnings

FanDuel extended its streak of double-digit holds in New York to six weeks after the state’s Gaming Commission reported $32.2 million in mobile sports betting revenue for the week ending June 16 on Thursday.

The leading sports betting app in the Empire State for handle and revenue crafted an 11.1% hold from $137.7 million in handle for the week, resulting in $15.2 million in winnings. The six-week run of win rates above 10% is FanDuel’s longest since doing so in seven consecutive weeks from Oct. 9-Nov. 20, 2022.

The nine digital operators combined for an 8.9% hold from $362.8 million worth of accepted wagers. Handle was up 5% from the previous week while revenue declined 8.4% as the hold for the week ending June 9 was 1.3 percentage points higher. All nine sportsbooks finished with positive revenue, resulting in an estimated $16.4 million in state taxes.

FanDuel also has a six-week stretch of at least $15 million in revenue, its longest since doing so for nine straight weeks from Dec. 10-Feb. 4. It is $65.1 million shy of $2 billion in all-time revenue in the Empire State, and the state’s 51% tax on those winnings has left it $13.2 million shy of $1 billion in receipts paid to the state.

To put that figure in perspective, consider Pennsylvania is the only state with commercial sports betting that has generated more than $500 million in tax revenue with $582.9 million.

FanDuel’s eternal rival DraftKings had an eight-figure revenue haul for the 15th time in 18 weeks, reaping $11 million in winnings from $125.7 million in handle, good for an 8.8% win rate. It was also the fifth time in six weeks DraftKings had an 8.8% or higher hold.

Caesars, BetMGM, and Fanatics Sportsbook were separated by $65,952 for the Nos. 3-5 spots for revenue as all three eclipsed $1.6 million in weekly winnings. Caesars came closest to $1.7 million, falling $17,525 shy, while Fanatics had the highest win hold of the trio at 10.8%.

BetRivers came within $325,800 of BetMGM for the No. 4 spot for handle as its $24.9 million worth of accepted wagers was its third-highest weekly total in New York. It failed to capitalize on the increased action — BetRivers had a sub-3% hold for the second consecutive week and finished with $712,200 in winnings.

Bally Bet had the top hold of the week at 12.8% in keeping $158,800 of its $1.2 million handle.

Resorts World topped $2 million in handle for the third time in five weeks and crafted a 6.4% win rate to claim $131,200.

WynnBET continues to lag behind, making $18,000 for the week with a 5.3% hold against $340,600 worth of bets accepted. It was the 39th consecutive week WynnBET failed to meet the 7% hold considered the industry standard dating back to an 8.1% win rate attained for the week ending Sept. 17.

热门文章
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
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
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
亚洲游戏市场观察:15大市场热门游戏与用户趋势
线上游戏
密西西比州众议院委员会推进提议增加赌场税的法案
游戏风向
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
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
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
PropellerAds 分享了新的 iGaming 案例研究:在 3 个月实现 97,674 次安装和 12,701 笔存款
广告营销
越南博彩管控逐步放宽,惟本土需求仍显乏力
东南亚资讯
准备好了将你的收益最大化吗?尝试ProPush.me Constructor!
广告营销
Zenith携手HUIDU,冠名赞助2026年世界杯嘉年华官方巡回活动
线上游戏
越南在线博彩业政策收紧 催生市场新机遇
东南亚资讯
亚洲顶尖游戏供应商多寶游戏 DB GAMING,开创亚洲市场的唯一首选
广告营销
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
首页
游戏
合作
发现
我的