With just MLB games, the WNBA, and a smattering of tournament soccer matches to rely on, a New York wagering drop was bound to happen in the second week of July.
The Empire State’s handle for the nine online sports betting operators fell 6% for the week ending July 14.
However, the second consecutive hold of 11.3% kept profits above $30 million for the ninth time in the last 10 weeks, thanks primarily to FanDuel.
The New York Gaming Commission reported weekly revenue of $34.2 million, down nearly 7% from the previous week, on $303.7 million in wagers.
FanDuel on fire
An online sportsbook giant not only posted a state-best handle of $117 million, FanDuel also produced a 12.7% hold, reaching a double-digit win rate for the 10th consecutive week.
Despite a 5.4% decline in week-over-week handle, FanDuel still hauled in revenue of $14.8 million, $441,386 more than the previous week.
DraftKings wasn’t too far behind with revenue of $11.6 million on wagers of $110.2 million, a win rate of 10.5%.
Combined, the two operators accounted for 74.8% of the New York sports betting handle and 77.2% of the total revenue for the week ending July 14.
Fanatics post fantastic hold
Caesars produced the third-best handle at $26.4 million, nearly identical to the previous week, but the revenue of $1.6 million was cut in half.
BetMGM suffered a similar fall as $19.9 million in wagers turned into nearly $1 million less than the previous week.
Fanatics trailed BetMGM by nearly $10 million in handle the week ending July 7, but Fanatics got within $1.6 million in the latest figures and hauled in $3.2 million, thanks to an impressive 17% hold.
No online operator finished the week in the red, while Bally Bet and BetRivers were the two other sportsbooks to join Fanatics and FanDuel with week-over-week revenue increases.
