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 PointsBet absorbing an $8 million loss the previous week in its final full week of operations.
Fanatics Sportsbook mobile 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 s 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.
Otherwise, a relatively quiet week in the Empire State 3e413c
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. DraftKings narrowly claimed second with $10.5 million in winnings, crafting a 6.8% win rate from $155.2 million worth of wagers.
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 WynnBET rounded out the group in both categories, posting a 3.9% hold to win $60,000 from $1.5 million worth of wagers.
