New York State OSB revenue outpaces handle
Online sports betting revenues of US$249 million in May represented a 22.4% surge in New York State winnings.
The increase was driven in part by 11.3% hold, compared to 10.3% hold in May 2024. Handle rose 12.1% to reach US$2.2 billion.
Of the five major operators, hold was highest for parlay-focused FanDuel, which held at 13.6%, followed by DraftKings at 10.7%. BetMGM and Caesars Sportsbook both held at 9.1%, while ESPN Bet kept 8.3% of monies wagered.
FanDuel and DraftKings were closely matched in market share, with 36.3% and 35.5% respectively. BetMGM had 7.3% of betting action, followed by Caesars’ 6.9% and ESPN Bet’s 2.2%.
Although a Deutsche Bank investor note did not break out dollar figures per operator, it showed FanDuel in front with 43.7% of money won, followed by DraftKings’ 33.8%. BetMGM edged Caesars, 5.9% to 5.5%, while ESPN Bet garnered 1.6% of winnings.
Deutsche Bank also did not report dollar figures for Fanatics, but showed it capturing 8.6% of handle, with BetRivers (2.3%), BallyBet (0.5%) and Resorts World Bet (0.4%) dividing the remainder. Fanatics captured 7.2% of Empire State revenue, leaving 1.6% to BetRivers, and 0.3% each to BallyBet and Resorts World.
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David McKee is an award-winning journalist who has three decades of experience covering the gaming industry.
