The sports betting apps became available in the Empire State.
The action, highlighted by the first two rounds of the NCAA Tournament, trailed only the $572.6 million wagered during the week ending January 22, 2022, the third week mobile betting was available in New York. It was the sixth time handle sured one-half billion dollars and was the most since $502.2 million was bet the week ending Dec. 17. In stacking up this year’s handle against the week ending March 19 last year — also when the first two rounds were held — handle was up 17.3%.
It was the third weekly handle of the year to break into the all-time top 10, along with Jan. 21 at $490.7 million and Feb. 11 — the week of Super Bowl LVIII — at $474.6 million. While the nine operators combined for $31.2 million in adjusted gross sports betting revenue, the 5.8% hold was the lowest since the 1.1% win rate from Feb. 11. The biggest difference this time was that no operator posted a loss in March, but none of them had a hold above 9%.
FanDuel posts third-best handle in state history 5o3g5i
$274.7 million for the week ending Oct. 29 and $262.3 million the week ending Nov. 19. But as was the case in those two weeks, FanDuel failed to notch a big win against the betting public.
The online leviathan finished with a modest $14 million in winnings while posting a 5.7% hold. That win rate split the difference compared to weeks with its other two largest handles — FanDuel had a 7% hold Nov. 19 in claiming $18.4 million in revenue and a 4.8% win rate Oct. 19 while keeping $13.3 million. Its hold for the last week was its lowest since crafting one of 4% during Super Bowl week.
DraftKings‘ $174.4 million handle was just outside its all-time top five, but it also failed to reach a 6% hold while finishing with $10.3 million in revenue. It did cross $13 billion in all-time handle with the week’s wagering and posted an eight-figure revenue haul for the sixth consecutive week.
entering the marketplace, Fanatics again bounced its top winnings week higher, reaching $1.2 million while notching a 6.8% win rate against $18.4 million handle. That was also enough to push the combined handle of the two licensees above $900 million.
Rounding out the group play for the week 113a1f
Caesars was a distant third for handle at $48.2 million and notched a 6.1% hold to collect $2.9 million in winnings. It was also the first time it eclipsed $45 million handle in back-to-back weeks since a four-week run from Dec. 31-Jan. 21.
BetRivers came within $55,300 of a $1 million week of winnings, as it finished with a 5.1% win rate against $18.4 million handle. Its $38.7 million in action the last two weeks is its most in any two-week span since generating $39.4 million handle for the weeks of Nov. 19-26.
Resorts World had the highest hold among the group of nine operators at just shy of 9%, as it sured $200,000 in revenue for only the seventh time. WynnBET had its second straight week with less than $600,000 handle, finishing with a 6.6% hold while winning $37,601 of the $567,522 wagered.
