New York’s Weekly Online Sports Betting Action Stays Consistent Despite Limited Playoff Games

The Empire State’s nine online sportsbooks saw little week-over-week change for the period ending June 9.

Brad Senkiw - News Editorat Covers.com
Brad Senkiw • News Editor
Jun 13, 2024 • 18:57 ET • 4 min read
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The first week of June was a relatively slow period for pro sports in the U.S., but the Empire State still avoided a drop-off in sports betting action. 

The New York Gaming Commission reported a handle of $345.4 million for the week ending June 9. Although the NBA only hosted two Finals games during this period (following a six-day layoff), the handle was up 0.3% from the previous week. 

Despite the modest gains, it's been a slow period for New York bettors, with the last three weekly handle totals all falling under $400 million. 

Revenue of $35.1 million was up a more impressive 15%, marking the fifth consecutive week of at least $30 million in profits.

The week ending June 9 produced a 10.2% hold, up from the previous win rate of 8.8%.    

Market leaders remain on top

FanDuel generated a state-best handle of $134.1 million and produced $17.8 million in revenue, up from the previous week’s $16.8 million. 

DraftKings had a handle of $123.7 million and returned to over $10 million of revenue after falling below that mark in the previous week. 

The two New York online sports betting market leaders accounted for 74.6% of the overall handle and 82% of the total revenue. 

Staying in the black

Caesars finished with the third-best handle at $27.7 million, while BetMGM rounded out the top four with $22.5 million wagered for the week.

BetRivers finished with a handle of $19.7 million, ahead of Fanatics Sportsbook’s $14.1 million. 

No operator finished in the red and several saw improved week-over-week revenue increases. Bally Bet went from $56,407 to $204,982 while WynnBet profits rose from $1,715 to $11,709. 

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