Two huge NFL playoff games helped power the most profitable week yet for online sports betting sites in the Empire State.
Figures reported Thursday by the New York State Gaming Commission (NYSGC) show the state’s nine online sportsbooks handled $450.7 million in bets during the week ended January 22, up from $423 million the week before.
While the handle generated last week by online sports betting sites in New York was one of the biggest since the start of mobile wagering in the state in January 2022, it's on the revenue side where operators showed out.
A few big Ls
According to the NYSGC’s numbers, online sportsbooks cranked out almost $57.5 million in gross gaming revenue during the week ended January 22.
That was more than double the $28 million reported for the week before and the highest weekly amount of receipts since the start of legal mobile wagering in the state. As a result, the hold for the mobile books in New York last week was 12.7%, well up from the 6.6% win rate reported for the week prior.
The huge haul for New York’s online sportsbooks likely had something to do with the lack of success experienced by two of the state’s NFL teams last weekend. The Buffalo Bills and New York Giants lost in their respective playoff matchups on Saturday and Sunday, and given that they (and the favored Bills especially) had a fair amount of hometown support, there were probably more than a few lost bets.
At the operator level, FanDuel remained the top book by handle during the week ended January 22, taking $182.4 million in bets and generating $26.6 million in gross gaming revenue. DraftKings was still in second, with a handle of $152.4 million and $20.2 million in revenue. Caesars Sportsbook, as per usual, was third, with $57.6 million in weekly handle and $6.1 million in revenue.