Mobile sportsbooks took in $298.7 million in wagers during the week ending June 11, down just 0.4% from the previous period — but hold that went from 8.4% to 8.7%.

The Empire State’s nine online legal Sports Betting operators saw their week-over-week win rate rise slightly despite a small drop in handle. 

The New York Gaming Commission reported that mobile sportsbooks took in $298.7 million in wagers during the week ending June 11. That was down just 0.4% from the previous period but the state saw its hold go from 8.4% to 8.7%. Revenue of $26 million slightly topped the higher-handle week’s previous profits of $25.3 million. 

Despite a slower period in the sports betting calendar, the Empire State’s sports betting sites have found some consistency. Since revenue slipped below $20 million during the week ending May 21, New York has stayed above $25 million for three consecutive weeks.

The latest week outperformed the same period of 2022 when operators produced revenue of $21 million on a handle of just over $248 million.   

Battle for supremacy 

FanDuel suffered a drop of nearly $17 million in handle for the week, but the sportsbook giant produced a higher revenue. FanDuel took in $104.8 million in wagers during the period ending June 11 and made $12.2 million in revenue — about $170,000 more than the previous week. The 11.6% hold was improved from last week’s 10% win rate, but it’s still far off from the 17.3% that FanDuel enjoyed in the final week of May. 

DraftKings also posted better returns against sports bettors than the previous week when the online sportsbook produced a revenue of $9.1 million on a handle of $131.1 million, which was up nearly 25% week-over-week. Not only did DraftKings top its rival in handle, it also marked the first time the sportsbook took in over $130 million in wagers since early May.  

Caesars produced the third-highest handle at $32 million while bringing in revenue of $2.4 million, while BetMGM saw its handle ($16.4 million) fall below $20 million for just the second time since early Sept. 2022.

PointsBet struggled mightily against bettors as it held just a 5.5% win rate with $238,843 in revenue on a handle of $4.3 million. Rush Street Interactive suffered even more, producing a 4% hold on over $7 million of wagers. 

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