Legal sports betting customers in New York bounced back from a tough run during the period ending June 4.
A week after seeing the Empire State’s nine online sport betting operators record a 13% hold, that number fell to 8.4% in the New York Gaming Commission’s latest report.
Betting sites saw their $299.9 million handle rise 14.5% week-over-week, but it marked the second consecutive period under $300 million in wagers. The revenue fell nearly 40% to $25.3 million. The week ending June 4 marked just the second time in the last eight weeks, but the second in the last three, that revenue fell below $35 million.
Year-over-year numbers, however, are up. During this period in 2022, New York's operators posted a handle of $270.6 million with revenue of just under $11 million.
Big names take a step back
FanDuel recorded a handle of $121 million for the week, which was the best in New York sports betting and up from the previous week’s $114.3 million.
However, after enjoying a robust win rate of 17.3% last week, the sportsbook giant’s hold fell to 10% after posting revenue of $12.1 million, its third straight under $20 million.
DraftKings was second in the Empire State during the period ending June 4 with a handle of $105 million, up 25% week-over-week. FanDuel’s top rival fell farther behind in revenue, though, with $8.3 million as the hold dropped from 10% to 7.9%.
Caesars and BetMGM both posted win rates under 7%. Caesars made $2.2 million on a handle of $34.6 million while BetMGM had a handle of $23.2 million with revenue of $1.6 million.
Wynn Interactive was the only New York operator to finish in the red after it took in $1.6 million in wagers and lost $64,794 after payouts.
