New York sports-betting handle up, hold down

April 8, 2024 1:27 PM
Photo: Shutterstock
  • David McKee, CDC Gaming Reports
April 8, 2024 1:27 PM
  • David McKee, CDC Gaming Reports

Bettors wagered four percent more on New York State online casinos in March. But winnings for OSB providers dropped seven percent.

Story continues below

The handle was $1.85 billion, while operators realized $151.7 million in win, and an 8.2 percent hold. Fifty-one percent of the latter is earmarked for Empire State taxes.

The tallies include the first full month of Fanatics Sportsbook, which launched on Leap Day. Fanatics, which displaced PointsBet, booked $53 million in wagering and won back $3.8 million. Sequentially, the winnings marked a sharp increase, as PointsBet had been trending below $3 million per month prior to the changeover.

The top operator was FanDuel, which achieved $73.1 million in revenue, down eight percent, on a handle of $781 million. Runner-up DraftKings was also down, by six percent, to win $48.8 million from handle of $612 million.

A distant third place went to Caesars Sportsbook, with action of $189 million for a $13.6 million win, down 10 percent from last year. BetMGM won $7.8 million, a 19 percent drop, on $126 million in handle.

BetRivers realized $3.3 million from $66 million in handle, while WynnBet, BallyBet and Resorts World Bet combined to gross $1.3 million between them. Handle for Resorts World was $8 million, $8 million for BallyBet and $4 million for WynnBet.