New York bettors had a short reprieve from getting dominated by the Empire State’s online sportsbooks.
Key Takeaways
- New York’s online sportsbooks posted a combined 13.5% win rate for the week.
- Profits were the highest since mid-January.
- DraftKings and FanDuel won back over 14% each.
A week after a run of four consecutive double-digit win rates ended to start May, the eight mobile operators destroyed New Yorkers with a 13.5% hold during the week ending May 10. The New York State Gaming Commission reported on Friday that sportsbooks generated $69.4 million in revenue during the period, a 51.8% week-over-week increase.
Operators hauled in their biggest week of profits since mid-January, feasting during the second round of the NBA and NHL playoffs, as well as a busy MLB slate.
New Yorkers wagered $513.5 million during their difficult week. The handle was up 4% from the previous week and was just the second over $500 million in the last five periods.
Operators have won back at least 10% of the handle in six of the last eight weeks dating back to the first round of March Madness.
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Big boys win biggest
FanDuel produced its most profitable week in 17 periods, winning back a state-best $27.2 million on a $187-million handle. The 14.5% hold was FanDuel’s fifth double-digit win rate in the last six weeks.
However, its latest hold wasn’t the best in New York sports betting for the week. DratKings produced a 14.9% hold on a $175.3-million handle. The operator’s $26.1 million in gross revenue is DraftKings’ second over $25 million since November 2025.
The week ending May 10 was also second with a handle of at least $175 million over the last seven periods.
Huge profits continue
Fanatics saw a more than $4-million week-over-week wagering increase with its $58.1-million handle, and the operator won back 11.2% to produce its best weekly revenue since early January.
BetMGM matched its previous week’s gross revenue of $3.7 million on a $35.4-million handle, $6 million lower than the previous week, while Caesars won back 9.8% on a $33.1-million handle.
BetRivers and theScore Bet both generated over $10 million in wagers for the week, but only theScore Bet reached a double-digit win rate. Bally Bet won back 12.7% on a $3.3-million handle.
