FanDuel looks to have surpassed $1 billion in mobile sports betting tax payments to the state of New York after an estimated $6.5 million in receipts were due for the week ending June 30, according to figures from the New York State Gaming Commission.
The mobile juggernaut is the runaway leader in handle and revenue among the nine sports betting apps available in the Empire State. FanDuel has amassed a vast collection of firsts and milestones in the 2 1/2 years since digital wagering launched in New York in January 2022. It finished with a 10.1% hold for this past week, collecting $12.8 million in sports betting revenue from close to $127 million in handle as its year-to-date winnings topped $500 million and moved within $32.7 million of $2 billion overall.
The week’s total handle of $322.6 million was down 3.1% from the week ending June 23 and the lightest in New York since $312.8 million in bets were placed the week ending Sep. 3 — the last full week before the start of the 2023 NFL season. Week-over-week revenue plummeted 23.6% to $29.2 million as the combined 9% hold by the nine operators was 2.4 percentage points lower than last week.
All nine sportsbooks, though, finished with positive revenue for the week that resulted in estimated tax payments totaling $14.9 million — $4.6 million less than the previous seven-day span.