FanDuel has posted a double-digit hold for the fourth consecutive week. According to the New York State Gaming Commission, this is while accounting for more than half of the $30.3 million in sports betting mobile revenue among the state’s nine mobile operators.
For the week ending June 2, handle totaled $344.5 million, down 11.6% from the week ending May 26. This was the lowest amount since bettors wagered $312.8 million for the week ending on September 3. Although, all-time handle through sports betting app did cross $45 billion.
The statewide hold for the week was 8.8%, down 2.9 percentage points from last week as revenue plunged by 33.5%. All nine operators finished with positive revenue. This led to an estimated $15.4 million in tax receipts flowing into state coffers.
FanDuel regained the top spots for both weekly handle and mobile revenue after being pipped by DraftKings to close out the final full week of May numbers. It posted a 12% hold to reap $16.8 million in revenue from $139.9 million in handle as its all-time winnings in the Empire State surpassed $1.9 billion.
FanDuel has also surpassed $4 billion in year-to-date handle. It has a 10.8% win for the year, claiming $436.2 million in winnings in the first 22 weeks. This marked the 16th consecutive week that the online giant recorded an eight-figure revenue haul.
Finally, DraftKings cooled off some. They won $8.2 million for the week, attaining a 6.7% hold against $121.3 million worth of bets placed. It had topped $20 million in revenue in three of the previous six weeks. This was highlighted by its state-record $36.5 million total from May 12.
Finishing with a hold just shy of 7% to pick up $2.3 million from $32.5 million in handle, Caesars was the only other operator to surpass $2 million in weekly revenue.
