Online sports betting handle surged 29 percent and revenue was up 27 percent in an August, despite a low 8.7 percent hold. Sportsbooks banked $125 million on a handle of $1.4 billion.
August was the first month in New York without the defunct WynnBet. Its place will be taken by ESPN Bet, but it wasn’t yet last month.
FanDuel outpaced DraftKings both in revenue, $52.6 million to $43.3 million, and growth of revenue. DraftKings grew its winnings 22 percent, but FanDuel did so by 25 percent. Although DraftKings had the greater volume of handle, $527 million to $512 million, FanDuel held much more tightly, 10.3 percent against 8.2 percent.
Caesars Sportsbook and BetMGM held even lower, at 7.9 percent and 5.5 percent respectively. Caesars ceded a percentage point in revenue to make $9.4 million on a handle of $120 million. BetMGM exceeded Caesars in handle with $128 million, but garnered only $7 million in revenue.
Rounding out the revenue picture were BetRivers with $3.2 million, Resorts World with $500,000 and BallyBet with $400,000.
