FanDuel attained a double-digit hold for the fifth consecutive week as the New York State Gaming Commission reported $35.1 million in sports betting revenue among its nine mobile operators for the week ending June 9.
FanDuel, which has an all-time hold of 10.4% in the Empire State with more than $18.5 billion in handle, had a 13.3% win rate last week in claiming $17.8 million in winnings from $134.1 million worth of wagers. The online leviathan has posted a 10% or better hold in 16 of 23 weeks in 2024, with last week the fifth time this year it topped 13%.
Overall handle via sports betting apps for the week totaled $345.4 million, up 0.3% from last week. Revenue was 16% higher as the overall hold of 10.2% was almost 1.4 percentage points higher. All nine operators finished with positive revenue, leading to an estimated $17.9 million in tax payments to the state.
FanDuel Nearing $2 Billion in Revenue, $1 Billion in Taxes
FanDuel’s run against bettors has also created a five-week streak in which it has claimed $15 million or more in revenue. It is within $81.4 million of $2 billion in revenue in New York — a figure only Illinois, Nevada, New Jersey, and Pennsylvania have attained.