In spite of an increase of 5% in handle, to $2.4 billion, winnings for online sports betting operators in New York State fell 17.7% in September. Books collected $159.4 million in revenue. According to figures released by Deutsche Bank, this represented a hold measure of 6.6%.
The tightest hold, 9%, was achieved by theScore Bet, successor to ESPN Bet. It kept $2.8 million out of $31.6 million wagered with the book.
FanDuel’s principal rival, DraftKings, won $56 million, for a 6.7% hold. Its handle share was $840.1 million.
Holding at the same percentage, BetMGM won $10 million.
