New York sports betting spiked in July
Revenue from online sports betting in New York State shot up 10.9% in July, as handle rose 11%. Revenue was US$156 million from handle of US$1.4 billion. Hold was 11.1%.
FanDuel held the most, at 12.9%, while Caesars Sportsbook was loosest with 9.9%. BetMGM, DraftKings and ESPN Bet were closely bunched in their hold rate, at 10.2%, 10.3% and 10.4% respectively.
Although FanDuel trailed DraftKings in handle percentage, 34% to 36.3%, it came out ahead in revenue. It captured 39.4% of win against DraftKings’ 33.7%.
As for other operators, BetMGM had 7% of handle and 6.4% of winnings while Caesars Sportsbook had 7% and 6.2% respectively. ESPN Bet’s handle share was 2.6% and its win percentage 2.5%.
All other operators, including Fanatics, combined for 13% of handle and 11.6% of win. Deutsche Bank analyst Steven Pizzella did not break out dollar amounts.
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David McKee is an award-winning journalist who has three decades of experience covering the gaming industry.
