The New York Gaming Commission reported weekly revenue of $34.2 million for the week ending July 14, down nearly 7% from the previous week.
The New York Gaming Commission reported weekly revenue of $34.2 million for the week ending July 14, down nearly 7% from the previous week, on $303.7 million in wagers. With just MLB games, the WNBA, and a smattering of tournament soccer matches to rely on, a New York wagering drop was bound to happen in the second week of July.
However, the second consecutive hold of 11.3% kept profits above $30 million for the ninth time in the last 10 weeks, thanks primarily to FanDuel. An online sportsbook giant not only posted a state-best handle of $117 million, FanDuel also produced a 12.7% hold, reaching a double-digit win rate for the 10th consecutive week.
DraftKings wasn’t too far behind with revenue of $11.6 million on wagers of $110.2 million, a win rate of 10.5%.Caesars produced the third-best handle at $26.4 million, nearly identical to the previous week, but the revenue of $1.6 million was cut in half.
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