DraftKings and FanDuel led a bounce back among New York’s nine mobile sportsbooks the week after the Super Bowl as the New York State Gaming Commission reported just over $38 million in adjusted gross sports betting revenue for the week ending Feb. 18.
The two digital powerhouses combined for $34.9 million of that revenue haul as they were the only sports betting operators to post a hold above 8%. Operator winnings were up more than 650% from the previous week, when they combined for an all-time weekly low of $5.1 million.
All nine'sports betting apps finished with positive AGR, while the $406.8 million handle was down 14.3% versus the previous week. The estimated taxes for the week ending Feb. 18 were $19.4 million, more than double the estimated $8.2 million that came with BetMGM, Caesars Sportsbook, and WynnBET posting losses following Kansas City’s overtime win over San Francisco in Super Bowl LVIII.
DraftKings claims a revenue “W”
DraftKings edged out FanDuel for the top revenue spot by nearly $426,000, claiming $17.6 million in winnings with an 11.3% hold on $155.7 million handle. FanDuel had $17.2 million in revenue while crafting a 10.7% win rate from $161.6 million handle and surpassed $1.6 billion in all-time winnings in the Empire State.