New York Sports Betting Handle Surpasses $500 Million for Third Straight Week
Overview
New York continues to solidify its position as one of the nation’s premier sports betting markets, with the total weekly handle once again exceeding the $500 million benchmark...
| Operator | Weekly Handle ($) | Hold (%) | Revenue ($) |
|---|---|---|---|
| DraftKings | $211.9 million | 11.6% | $24.5 million |
| FanDuel | $189.4 million | 10.2% | $19.3 million |
| Fanatics Sportsbook | $48.2 million | N/A | N/A |
| Caesars | $36.6 million | N/A | N/A |
| BetMGM | $35.2 million | N/A | N/A |
Market Insights
New York's robust regulatory framework and the presence of major sportsbook operators...
- New York's market has matured faster than expected...
- Performance of new entrants such as Fanatics indicates a healthy competition.
- State tax revenues from mobile wagering continue to grow...
