New York online sports betting certainly felt the effect of the Knicks playing in the NBA Finals.
Key Takeaways
- New York’s latest reported handle was down 7.1% from the previous week but up 12.1% compared to the same week last year.
- Sportsbook revenue was under $40 million for the second consecutive period.
- FanDuel and DraftKings produced low win rates, but other operators did well.
During the week ending June 7, which included Games 1 and 2 between New York and the San Antonio Spurs, wagering spiked 12.1% compared to the same period in 2025. The New York Gaming Commission reported a weekly handle of $448.6 million, which was down 7.1% from the previous week when the Knicks only played one playoff game.
Coming off the lowest gross revenue since late January, operator profits remained modest. Online sportsbooks used a 7.6% hold, up from the previous period’s 5.6%, to generate $34.1 million in gross revenue, which was still a 26.8% week-over-week increase.
However, profits were down 33.3% year-over-year, and it marked the first time since late August 2025 that sportsbooks failed to reach at least $40 million in back-to-back weeks.
The Knicks head into Saturday’s Game 5 with a 3-1 series lead and are expected to again receive massive backing, which could produce another lackluster week, especially after bettors did well in Wednesday’s Game 4. This latest reported week was New York’s last before the start of the World Cup, which is expected to generate massive betting numbers across the U.S.’s legal sports betting jurisdictions. The Empire State represents the country’s most lucrative market, which will continue to feed off other sports, like the Stanley Cup Final, MLB, and the UFC, this week.
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FanDuel struggles again
As is typical with most weeks, New York revenue is largely dictated by FanDuel, which had another off week. The online operator’s win rate was below the week’s average. A 7.4% hold on a $154.8 million handle resulted in $11.5 million of gross revenue.
Combined with the week before, FanDuel cleared $22.5 million. Previous to those two weeks, the lowest since the first two rounds of 2025’s March Madness, the sportsbook had made at least $22 million in gross revenue in seven of the last eight weeks.
DraftKings generated more dollars wagered with a $152.3 million handle. However, the online sportsbook won back just 6.1% to produce $9.3 million, a 4.5% week-over-week revenue increase.
Better week for most
While Fanatics experienced a similar week to FanDuel and DraftKings, producing a 7.4% hold from a $56.8 million handle, most of New York’s online sportsbooks enjoyed double-digit win rates and week-over-week revenue increases.
BetMGM led the way with an 11.1% hold on a $32.8 million handle, giving the operator a week with over $3 million in gross revenue for the eighth time in the last nine periods. Caesars also surpassed $33 million and won back 10.5%, while theScore Bet’s 10.7% hold was second best for the week.
BetRivers matched Caesars in win rate and generated about $500,000 more in wagered dollars than theScore Bet, with Rush Street Interactive brand’s handle of $8.4 million. Bally Bet produced a 7.4% hold on $2.3 million in bets.
