New York sports betting win nudges upward
Revenue from New York online sports betting rose 4.8% in April, boosted by a 9.6% in handle. Sportsbooks held 8.9%.
An 18% plummet in walk-up sports wagering led to a loss of money for brick-and-mortar sportsbooks.
Online books recorded revenue of US$193 million on handle of US$2.1 billion. FanDuel dominated both, recording 38% of revenue and 44% of handle.
DraftKings finished second, notching 33.8% of handle and 34.7% of win. BetMGM reported 7.2% of handle to Caesars’ 7.1%, and 5.8% of revenue to Caesars’ 5%.
FanDuel revenue dipped 6.9% to US$84.8 million and DraftKings rose 5.8% to $66.8 million. Fanatics Sportsbook edged out BetMGM for third place, US$12.5 million to US$11.2 million.
Caesars Sportsbook grossed US$9.7 million and ESPN Bet made US$3 million. Resorts World Bet and BallyBet brought up the rear with US$800,000 and US$500,000 in win respectively.
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David McKee is an award-winning journalist who has three decades of experience covering the gaming industry.
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