The U.S. state with the highest sports betting handle finally suffered a major drop-off.
Without the NFL and with the NBA on its All-Star break, the New York Gaming Commission reported that $434.1 million was wagered during the week ending Feb. 16, a 22.2% decrease from Super Bowl week. Action dropped more than the previous year’s 14% week-over-week falloff after the Super Bowl.
The latest amount bet ended an eight-week streak of $500-million handles and is the lowest since pre-NFL season. It could’ve been worse. Sports betting action was helped by the 4 Nations Face-Off, a highly popularly wagered hockey tournament.
The Empire State’s nine online sports betting operators hauled in $33 million in revenue, down 47% from the previous week and the lowest since late October.
The 7.6% hold was down more than four points from the previous week and the lowest during a full seven-day period in 2025.
DraftKings finishes on top
FanDuel endured a 28% decrease in week-over-week wagering behind a $160-million handle, the online sportsbook’s lowest since the end of August. The $17.2-million gross revenue behind a 10.7% hold was FanDuel’s lowest since the week before Christmas.
DraftKings experienced an even more dramatic drop-off. The company's weekly handle went from $194 million during Super Bowl week to $160.8 million in the latest report, which led all operators during the week ending Feb. 16. Revenue also decreased from $17.2 million to $6.8 million.
Despite the lesser week, the two online operators accounted for 74% of all wagers placed in New York during the week.
Rest of the field
Resorts World Bet was the only New York sports betting option to see a week-over-week increase in handle.
Fanatics Sportsbook accepted $35.9 million in wagers during the week, the third-most in New York. BetMGM was fourth with a handle of $27.9 million while Caesars wasn’t far behind with $27 million in wagers. All three finished above $2 million in profit.
After several weeks of success in the sixth spot, ESPN BET fell behind BetRivers with an $8.9-million handle. BetRivers generated $10.2 million in wagers and made $236,000 more in gross revenue than ESPN BET, which was coming off its second-highest profitable week since launching in September 2024.
