It was a tough week for legal sports betting customers in the Empire State.
New York's nine online sports betting sites took a dip in handle for the fourth consecutive week, but a hold of 13.6% still brought impressive revenue.
The New York Gaming Commission reported during the period ending May 28 that the Empire State's sportsbooks took in $261.7 million in wagers, down 14.8% from the previous week and 23.6% from the first week in May. However, New York operators still hauled in $35.7 million in revenue, up a whopping 88.9% week-over-week.
The win rate for operators more than doubled from the previous week and is the highest since the first week of May, when it was just over 13%.
FanDuel hits high win rate
FanDuel was one of the biggest beneficiaries in the Empire State. After seeing its revenue fall below $10 million for the first time in six weeks in the last period, the sportsbook giant bounced back by gaining $19.8 million on a handle of $114.3 million, which was down 8.5%. FanDuel's win rate jumped enormously from just 5.9% in the previous week to 17.3% in the period ending May 28.
DraftKings also saw a nice week-over-week bump in New York sports betting. Despite the handle falling 23% to $83.6 million, revenue went up 24% to $8.7 million for a 10% win rate.
Caesars came in third in handle for the week at $31.8 million with revenue of $3.6 million. BetMGM recorded a 13.4% hold on a handle of $17.9 million.
