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%.
