FanDuel became the first sports betting app in New York to post a 10% or hold or higher for 10 consecutive weeks according to figures released by the New York State Gaming Commission on Friday.
The online marketplace leader in the Empire State also held the previous record of nine straight weeks, established from July 31 to Sep. 25, 2022. FanDuel attained a 12.7% win rate for the week ending July 14, collecting $14.8 million in revenue from nearly $117 million in handle.
New York’s nine mobile operators combined for an 11.3% hold from $303.7 million in handle to claim $34.3 million in sports betting revenue. Handle was down 6.2% from the previous week and was the lightest action since $212.2 million was wagered the week ending Aug. 27.
Revenue was down 6.8% since the hold was six-hundredths of a percentage point lower than the week ending July 7. All nine mobile operators finished with positive gross revenue for the week, leading to an estimated $17.5 million in state tax receipts.
Relentless Revenue Generator
| Week Ending Date | Handle | Revenue | Win Rate |
|---|---|---|---|
| May 12 | $199,051,939 | $26,898,581 | 13.51% |
| May 19 | $180,003,171 | $27,201,197 | 15.11% |
| May 26 | $149,268,938 | $15,825,377 | 10.60% |
| June 2 | $139,906,806 | $16,833,931 | 12.03% |
| June 9 | $134,126,221 | $17,787,642 | 13.26% |
| June 16 | $137,682,149 | $15,219,508 | 11.05% |
| June 23 | $131,101,449 | $19,659,167 | 15.00% |
| June 30 | $126,959,252 | $12,763,919 | 10.05% |
| July 7 | $123,721,813 | $14,370,561 | 11.62% |
| July 14 | $116,960,756 | $14,811,947 | 12.66% |
| TOTALS | $1,438,782,494 | $181,371,830 | 12.60% |