DraftKings overtook FanDuel for revenue for the first time in 15 months, as New York state sports betting operators reported March revenues. FanDuel’s winnings fell 18.6 percent, while those of DraftKings rose 28.3 percent.
Overall, revenue was up 6.7 percent on a handle of $2.4 billion, a 32 percent jump. Books held at a range between 5.2 percent (Caesars Sportsbook) and 7.4 percent (ESPN Bet). The average hold was 6.6 percent.
DraftKings prevailed narrowly in terms of handle share, besting FanDuel 37.4 percent to 35.3 percent. The next-largest handle share was BetMGM’s 6.9 percent, followed by Caesars’s 6.6 percent. ESPN Bet captured 2.2 percent of handle.
The least lucrative operators were Resorts World Bet, with $400,000, and BallyBet, which grossed $200,000. At the high end, DraftKings realized $62.6 million for first place, followed by FanDuel with $59.5 million.
BetMGM captured $11 million, a 40.9 percent increase, and Caesars $8.5 million, a 37.9 percent falloff. Fanatics Sportsbook leapfrogged both with $12.9 million, a 239.8 percent improvement. ESPN Bet grossed $4 million, up 1,284.6 percent.
