The Empire State’s streak of $500 million weekly sports betting handles stopped at four, but online sportsbooks combined to extend the run of $50 million in revenues to four weeks.
The New York Gaming Commission reported that $491.6 million was wagered with the nine mobile operators during the week ending Nov. 11, the lowest since the week ending Oct. 13.
A 10.7% hold, however, led to $52.8 million in profits for operators.
The handle fell 6.8% week-over-week while revenue slipped 4.3%. Compared to Week 11 in 2023, wagering decreased by 7.2% while operators made 29.7% more dollars.
It was the first time sportsbooks combined to produce back-to-back double-digit win rates since the last week of September and the first week of October.
This is one of the highest-volume stretches in sports betting, with the NFL, college football, NBA, college basketball, and NHL all taking place simultaneously. With Thanksgiving next week, New York could soon begin another streak of $500 million handles.
Consistency at the top
FanDuel has been a model of consistency and big paydays since the mid-October bettors' success that hammered sportsbooks around the U.S. The online operator surpassed $200 million in wagers accepted for the fifth consecutive week and made at least $20 million for the fourth consecutive period.
FanDuel led all New York sports betting operators during the week ending Nov. 11 with a handle of $202.5 million while revenue reached $22.7 million behind an 11.2% hold, right on par with the previous week’s 11.3%.
DraftKings has been solid as well, recording its 12th consecutive week with at least $150 million wagered. DraftKings hauled in $16.5 million in revenue, up from the previous week’s $15.4 million, on a handle of $162.7 million.
Fanatics replaces BetMGM
Fanatics Sportsbook generated the third-most wagers in New York for the week with a $37.5 million handle. The sportsbook produced its third-best revenue week yet since launching online operations in February in the Empire State, hauling in $4.6 million.
BetMGM fell from third to fourth with a handle of $34.1 million, a 21.6% week-over-week decrease. Revenue fell about off by about $1 million as well to $3.8 million.
Caesars rounded out the top five with a handle of $33.1 million. BetRivers bested ESPN BET once again, totaling $10.1 million in wagers, to finish sixth among New York operators. ESPN BET reached $8.4 million but produced a 9.2% compared to BetRivers’ 7.9% win rate.
