The New York State Gaming Commission reported $36.7 million in mobile sports betting revenue'for the week ending July 7 as FanDuel narrowly beat out DraftKings for the top spot in winnings among operators.
Revenue surged 26% from last week and was boosted by an 11.3% hold that was 2.3 percentage points higher. It was the fifth time in the past nine weeks the collective hold exceeded 11%. The $323.9 million wagered through the Empire State’s nine sports betting apps was practically flat, rising only 0.4%.
All nine finished with positive gross revenue for the week, resulting in an estimated $18.7 million in tax revenue for the state.
FanDuel Extends Double-Digit Hold Streak
FanDuel and DraftKings combined for $28.7 million of the revenue haul, with FanDuel collecting $14.37 million, $59,702 more than DraftKings’ $14.31 million. FanDuel’s 11.6% hold for the week was its ninth straight week in double figures, matching its state record established from July 31 to Sep. 25, 2022.